Happen[In]Crypto analyzes the price movement for seven different cryptocurrencies, including Basic Attention Token (BAT), which appears to have completed a five-wave downward movement.
B T c
Bitcoin (BTC) has been in an uptrend since reaching a low of $17,622 on June 18. The next day, it formed a bullish engulfing candlestick pattern (Highlight).
Additionally, the RSI managed to move above 30, which is considered a sign of a possible bullish trend reversal.
If the upward move continues, the next nearest resistance will be at $23,300.
ETH
Ethereum (ETH) had been falling inside a descending parallel channel since the beginning of April. On 10 May, it broke through the channel (red icon) and proceeded to validate it as resistance again on 6 June. Acted bullish on the downside, reaching a low of $880 on June 18.
Similarly for BTC, ETH formed a bullish revolving candlestick on the following day. If the upward move continues, the channel will again be expected to provide resistance at $1,500 (red circle).
Alice
Between May 12 and June 18, MyNeighborAlice (ALICE) formed a double bottom, which is considered a bullish pattern. Furthermore, the pattern is aligned with a bullish divergence in the RSI. The price is moving upwards from 18th June.
If the upward move continues, the nearest resistance area will lie at $3.25, validating the double bottom pattern.
computer application
The Compound (COMP) has been declining since April 3 below a descending resistance line. The downside momentum led to the June 18 low at $26.20.
Though the price recovered later, it is yet to break out of the resistance line. This is necessary for the trend to be considered potentially bullish.
bat
Basic Attention Token (BAT) could start a bullish trend : Technical Analysis – YouTube
The Basic Attention Token (BAT) was declining in a five-wave downward (red) manner since the beginning of April, reaching a low of $0.258 on June 14th. The price later reversed, reclaiming the $0.315 area in the process. ,
The bounce came after the RSI generated a bullish divergence. If it continues, the next nearest resistance area will lie at $0.537.
just
IOTA (IOTA) has been falling below a descending resistance line since May 13. This led to a low of $0.23 on June 18.
While the RSI generated a bullish divergence, the price failed to move above the $0.29 area. The area previously provided support and has now turned into resistance.
For the trend to be considered bullish, IOTA would have to reclaim it and later break out of the resistance line.
Fifth note of musical scale
Solana (SOL) had been decreasing inside a descending wedge since 12 May. The descending wedge is considered a bullish pattern, which means it is expected to lead to a breakout most of the time.
After creating a significant bullish divergence, the price managed to break out on June 19.
If the upward move continues, the next nearest resistance area will be at $45.
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