The feeling of fear increased when Bitcoin re-entered the $ 47,000 zone. As a result, altcoins such as Binance Coin, Tron, and EOS saw a problem in their recovery.
The aforementioned cryptocurrencies fell below their 20-50-200 SMA, as the bears evidently showed their advantage.
Moneda de Binance (BNB)
In the past few days, BNB formed a symmetric widening wedge (green) on its 4-hour chart. The previous bullish rally saw a sharp reversal after the coin hit its two-week high on December 27 near the $ 569 resistance.
After a nearly 6% pullback in the past two days, BNB fell below $ 550 to find testing ground at the $ 532 mark. This level also coincided with the lower trend line (green).
At press time, BNB was trading below its 20-50-200 Simple Moving Average (SMA) at $ 537.5. The RSI It stood at the 43 mark but showed some signs of revival. The DMI resonated with the bears, but the ADX showed a weak directional trend for the altcoin.
TRX witnessed a symmetrical triangle breakout on December 17 as the feeling of fear mounted. Since then, the alt has consistently marked lower lows and lower highs until Dec 23 after oscillating in a descending channel (yellow).
After losing the crucial $ 0.078 level (four-month support), the bulls quickly recovered this mark, but were unable to cross the $ 0.082 level. They retested this level twice, but succumbed to a more extensive sell-off. As a result, TRX saw a pullback, but $ 0.078 still held as good support.
Now him Supertendencia finally switched to the red zone. At press time, TRX was trading at $ 0.07857. The RSI it constantly posted lower lows and struggled to stay above the midline. The DMI a bais bais flashed as the ADX swung toward the weak directional trend zone.
EOS saw a symmetrical triangle breakout for the past nine days. The bears retested the $ 3.09 level several times, but the bulls held firm. Although they drove a rally of more than 12% (from the December 20 low) and broke the $ 3.4 mark, EOS saw a pullback from the 200 SMA (cyan).
The alt once again found an oscillating range between $ 3.4 and $ 3.09 for the last 20 days. Now him Squeeze the boost gauge gray dots flashed and hinted at a phase of high volatility.
At press time, EOS was trading at $ 0.0. The RSI It was close to the oversold region after showing some signs of a comeback. He too Awesome oscillator Visibly showed greater sales influence.
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Binance Coin, Tron, EOS Price Analysis – Dec 29