At the time of going to press, EOS had risen to its highest level in almost a year, but it also flashed bearish signals on the charts. AAVE broke above its ascending triangle and waited for confirmation in the next trading sessions. Eventually, Uniswap appeared to be trading at record levels with the RSI indicating a saturated market.
EOS has seen strong upward momentum in the past few days as the price rose to its highest level in nearly a year at $ 4.45. However, there was a chance the momentum was weakening On balance volume dipped after EOS flipped the $ 4.3 resistance.
The Stochastic RSI also benefited sellers as the index fell after a bearish crossover in the overbought zone. A sell-off at this level could focus on the USD 4.15 support level.
Aave formed an ascending triangle and registered an outbreak heading north on the 4-hour map. Since the move up was in relatively small volumes, the possibility existed that price could move back within the pattern after a false breakout. Bullish candlesticks in the next few sessions would confirm the breakout and push AAVE to a fresher all-time high on the charts.
The MACD supported a favorable outcome for the cryptocurrency after a bullish index crossover. The Ingenious oscillator also noted increasing upward momentum in the market. In a bearish scenario, price could move back within the pattern and trade near the lower trendline.
Uniswap flipped the $ 21 resistance as buyers increased pressure in recent trading sessions. The Relative Strength Index added some skepticism to the mix as the index could potentially fall sharply in the future. Moving below the USD 21.5 support level would provide some buy signals for short to medium term traders if the price stays above 20 SMA (blue) and 50 SMA (yellow).
Meanwhile it is Parabolic SAR confirmed the recent uptrend as the dotted markings moved under the candlesticks.
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