While the market sentiment still struggles to flip the long-term bearish tendencies, Binance coin, Filecoin and CRV flash bearish near-term technicals. Now, the buyers needed to step in and retest the immediate hurdles and prevent a further breakdown.
Binance Moneda (BNB)
Sursa: TradingView, BNB/USDT
The 5 January sell-off fueled BNB’s existent bearish vigor as the alt broke down in a down-channel (yellow). BNB lost 21.8% of its value (from 5 January) and poked its three-month low on 10 January.
However, the alt rallied above its Panglici EMA and recovered the previous losses. But saw a pullback from the $500 near-term supply zone (rectangle, green). Now, as the last few red candlesticks engulfed the green ones, the EMA ribbons seemed to flip toward the bearish side.
La momentul presării, alt s-a tranzacționat la 471.6 USD. The RSI saw a plunge after a bearish divergence with the price action. It tested the 40-level support twice over the past day and preferred the sellers. Nevertheless, the CMF managed to stay above the zero-line. This reading entailed that the money flows did not see a huge backlash yet.
Filecoin (FIL)
Sursa: TradingView, FIL/USD
The alt saw a 31.97% retracement (from 5 January) from the crucial $35-mark resistance (previous support) until it poked its 11-month low on 10 January. On its 4-hour chart, FIL saw a down-channel (yellow) breakout over the past week.
Since then, the recovery halted phase halted at $30.6-level as the bulls keep retesting it. Now, the Super trend flashed a buy signal hinting at a possible recovery from the trendline support (white). The immediate testing resistance now stood at the 20-SMA (roșu).
La momentul presării, FIL se tranzacționa la 28.84 USD. The RSI failed to sustain a close above the 58-level and dropped below the half-line. Now, it displayed a bearish bias. Besides, the Strângeți indicatorul de impuls indicated a low volatility phase by flashing black dots.
Token DAO Curve (CRV)
Sursa: TradingView, CRV/USDT
Since 22 October, the alt found an oscillating range between $6.159 and the $3.28-mark. The $5.1-mark offered the highest liquidity for nearly two months. The up-channel (white) breakdown breached the Punct de control (red) after an over 40% decline until 10 January.
Acum, 20 SMA (roșu) și 200 SMA (green) were on the verge of a bearish crossover, hinting at decreasing buying pressure. The immediate testing support stood near the $4.64-mark.
At press time, CRV traded below its 20-50-200 SMA la 4.69 USD. The RSI saw a 29 point plunge in the last three days and still showed no revival signs. Also, the DMI confirmed the bearish edge. But the ADX a afișat o tendință direcțională slabă pentru alt.
Source: https://ambcrypto.com/binance-coin-filecoin-crv-price-analysis-18-january/