Curve Dao Token (CRV) is following a long-term ascending assist line.
Chainlink (LINK) is retracing after reaching a brand new all-time excessive value on April 16.
Band Protocol (BAND) is buying and selling above long-term assist at $15.30.
Curve Dao Token (CRV)
CRV has been following an ascending assist line since Jan. 10. All through this line, it was dealing with resistance at $3.55.
It purportedly broke out on April 15, reaching a excessive of $4.65 the following day.
Nonetheless, it fell beneath the horizontal $3.55 space shortly afterward and is at the moment buying and selling simply above this assist line.
The wave depend, nonetheless, is bullish. It means that CRV is in wave 4 of a bullish impulse (white) that started on Nov. 2020.
The rise since March seems to be very corrective. Due to this fact it’s unlikely that wave 5 has ended.
On the contrary, it’s extra doubtless that wave 4 is a operating flat correction.
Potential targets for the highest of wave 5 are discovered at $5.74 and $7.77, respectively.
Highlights
- CRV is following an ascending assist line.
- It has accomplished a running flat correction.
Chainlink (LINK)
On Feb. 20, LINK reached a then all-time excessive value of $36.93. It then decreased and struggled to maneuver above this excessive till April 14.
The following breakout took the token to a brand new all-time excessive value of $44.3 on April 15.
Whereas LINK decreased afterward, it solely served to validate the $35 stage as assist. The ensuing bounce created a really lengthy decrease wick, a robust signal of shopping for stress.
The subsequent resistance ranges are discovered at $46.88 and $63.11, respectively.
The shorter-term chart exhibits that the token is following a descending resistance line. Up to now, it has made three unsuccessful makes an attempt at breaking out.
Then again, the following bounce that adopted the drop has been important, measuring 46%. It is a signal of energy, indicating that the token is more likely to transfer upwards as soon as BTC stabilizes.
A breakout from the descending resistance line would affirm that the upward motion has begun.
The closest assist ranges are discovered at $36.90, $35.30 and $33.80.
- LINK reached an all-time excessive value on April 15.
- It’s following a descending resistance line.
Band Protocol (BAND)
BAND has been transferring downwards since April 15, when it reached an all-time excessive value of $23.30.
Regardless of the drop, it’s nonetheless buying and selling above the $15.30 long-term assist space. Moreover, the lower created a protracted decrease wick which validated a long-term ascending assist line.
If BAND bounces, the following upward motion may take it to the following resistance space of $26.82.
The short-term chart exhibits a major bounce from yesterdays lows.
Whereas BAND is at the moment retracing, there may be minor assist at $15.37, $14.54, and $13.72. The $15.37 stage additionally coincides with the beforehand outlined long-term assist space.
Due to this fact, the token is more likely to discover assist at one of many ranges outlined earlier than transferring upwards.
Highlights
- There may be long-term assist at $15.30.
- BAND is following an ascending assist line.
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