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Ethereum Classic

Chainlink, VeChain, EOS price analysis: January 2nd

With the broader market improving slightly over the past day, Chainlink passed the $ 20.86 mark after showing a slight bullish preference. Additionally, VeChain wanted to test its instant resistance but was unable to collect enough volume.

EOS rose above its 20-SMA and now found an immediate hurdle at the 50-SMA and its RSI resistance.

Chain link (LINK)

Source: TradingView, LINK / USDT

After breaking a bearish rising wedge on December 9th, price action switched to a bearish channel (yellow) and tested the 17.7 support nearly seven times before double bottoming. Then the Alt posted a staggering 35.53% ROI (from December 20th low) until it hit its three-week high on December 27th.

Last week the alt fell in a falling wedge (green) as the bulls secured $ 20.8 support. The most recent outbreak resulted in a 24 hour slope of 10.43%. Now the immediate resistance was at $ 22.42.

At press time, LINK was trading at $ 21.19. the RSI was in a clear uptrend following the bulls election. Also the + OF looked north, but the ADX was showing a slightly weak direction.

VeChain (vocational training)

Source: TradingView, VET / USDT

After securing the five-month support at $ 0.076, VET finally released its long-term bearish trend resistance (since Nov 9, white).

This retrieval attempt marked a rising wedge (green, reversal pattern) on the 4-hour chart. However, price action has found resistance at $ 0.100 since the beginning of this month.

As a result, it was down 20.37% from December 27-30. For the past three days, VET found a fluctuating range between $ 0.08783 and $ 0.08157.

At press time, the Alt was trading at $ 0.08699. Since December 30th the RSI was heading north as it bounced back from the oversold region. the MACD The histogram showed increasing pressure to buy. But its lines were still below balance. Next to the Volume oscillator marked lower peaks and showed slight upward movement. Now the immediate test point for the cops was at the $ 0.087 mark.


Source: TradingView, EOS / USDT

EOS experienced a symmetrical triangle breakout on December 20th. The bears retested the $ 3.09 level several times, but the bulls held up. Despite triggering a rally above 12% (from December 20th low) and breaking the $ 3.4 level, EOS saw a retreat from the 200 SMA (green).

The Alt again found a fluctuating range between $ 3.4 and $ 3.09 last month.

At press time, EOS was trading at $ 3.189. the RSI eventually bounced back above the midline but saw a pullback from the 57 point resistance. Also the Great oscillator clearly shown an increased buying influence. Now the Squeeze momentum indicator flashed black dots, indicating a period of low volatility.

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