Ethereum has moved down to a support level at $ 1,150. If the bulls are unable to defend this level, ETH could head towards the $ 1000 region. Monero slips lower in the charts over the past week. DigiByte is forming a descending triangle pattern and was about to make a breakout.
Ethereum [ETH]
Source: ETH / USD on TradingView
ETH was trading in a range (cyan) of $ 975 to $ 1290. Within this range, it had formed an ascending channel (orange) over the past few days. But, it faced resistance from the $ 1290 level and was unable to climb above.
The Awesome Oscillator has red bars on its histogram to show weakening bullish momentum. ETH closed a trading session below the bullish channel, signaling a downward movement.
Losing the $ 1150 level to the bears will add strength to the downward pressure. This could see ETH testing the $ 1000 region for support.
Motto [XMR]
Source: XMR / USDT on TradingView
Using the Fibonacci retracement tool for XMR’s move from $ 128 to $ 190, some retracement levels are highlighted. Over the past few days, the 61.8% retracement level at $ 149, which coincides with a historic support level. He has been tested twice.
The price has slowly come down and at the time of writing this is below the 50% retracement level. The RSI slipped below the neutral value of 50 and indicated that momentum was bearish in the near term. Below $ 149 is the support level of $ 139 for XMR.
DigiByte [DGB]
Source: DGB / USDT on TradingView
The one hour delay was analyzed for DGB and showed he was about to make a breakout. Indeed, it formed a pattern of a descending triangle. Closing above the pattern will see DGB rise to test the $ 0.028 level once more. While the close below the model will likely see DGB drop to test the $ 0.022 support level.
The MACD is forming a bearish cross and was moving below the zero line to give a strong sell signal. OBV notes an increase in sales volume over the past two days.
The longer time frames show that the DGB is trading in a range of $ 0.022 to $ 0.028. This marks these levels as strong regions of demand and supply.
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