Stellar Lumens [XLM]
Stellar Lumens broke out past a region of supply at $0.42-$0.44 with strong upward momentum and significant trading volume, and also retested it as a region of supply. This was a bullish development, and XLM has tested the resistance at $0.458 twice already in the past few days.
The MACD showed bullish momentum was still going strong. The $0.458 and $0.5 levels are the next resistance levels to watch, while support lies at $0.438.
BitTorrent Token [BTT]
BTT was at a point where the Fibonacci extension levels required extension levels of their own. Presented in yellow are some extension levels for BTT’s move up from $0.001 to $0.003, and the next few days could see BTT reach as high as $0.0089.
The OBV was in a steady uptrend, and this showed demand from buyers greatly outweighed selling pressure. Another thing that BTT bulls would look on favorably is the Supertrend indicator. It showed a buy signal and highlighted a stop-loss level.
The indicator wasn’t flat but actually moving upward with the price, which isn’t a signal by itself but rather a hint that there is room for further gains.
FTX Token [FTT]
The 20-period EMA (white) crossed over above the 50-period EMA (yellow) a few days ago, and FTT has made steady gains as it rose past the $37 level.
Rising above $42 is special- it is close to the ATH at $43.5. The previous month has seen a pullback and given the market some time to gather steam for a move upwards. A move above $43.5 could see FTT reach $50 or higher in the coming weeks.
A dip back to $41.87 and $40.15 is possible and would be a buying opportunity.
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Published at Sat, 03 Apr 2021 18:00:32 +0000