This week has been quite a roller-coaster for most cryptocurrencies. Bitcoin fell below $7,000 into $6,400 before bouncing back quite hard peaking at $7,440. Of course, most major cryptocurrencies have followed suited and posted similar gains. The previous ‘week analysis’ can be found here.
Silverway + 78%
Silverway saw a significant bounce on the daily chart around 2 weeks ago and has been able to confirm a daily uptrend with a lot of continuation from the bulls. The 12 and 26-period EMAs are on the verge of a bull cross now and the RSI is not overextended just yet.
SLV/USD Daily Chart – HitBTC
SLV/USD Daily Chart – HitBTC
Waves + 45%
Waves has been outperforming most major cryptocurrencies for the past two weeks after the bulls were able to form a really strong daily uptrend. The daily chart has now formed a clear bull flag which is waiting for continuation after the 12-period EMA acted as support today. The RSI is, however, overheated and may slow down the bulls for a while. The digital asset has also experienced a really significant trading volume increase. Waves is traded on Binance.
WAVES/USDT Daily Chart – Binance
WAVES/USDT Daily Chart – Binance
Stratis + 30%
Stratis experienced an 18% bull break a few days before the rest of the cryptocurrencies started their own. The bull break had significant trading volume behind it and has formed a daily uptrend with a lot of continuation. The bulls have been able to maintain the 26-period EMA support two days in a row and they are now looking for even more continuation as the RSI level has cooled off. The digital currency is available on Binance.
STRAT/USD Daily Chart – Binance
STRAT/USD Daily Chart – Binance
TomoChain + 28.8%
TomoChain has been in a massive bull surge of around 165% for the last month and continues posting gains. The daily chart is clearly in a massive uptrend even though the RSI has been overheated for a week now. This certainly hasn’t stopped the bulls from setting new higher highs and higher lows.
The bulls are currently looking to set a higher low compared to $0.44 and see continuation above the high at $0.69. TomoChain is available on Binance.
TOMO/USDT Daily Chart – Binance
TOMO/USDT Daily Chart – Binance
Matic Network + 25.3%
The Binance Launchpad cryptocurrency has seen some spicy gains for the past 4 days, however, traders should be extra careful as the digital asset has lost more than 50% of its value 2 weeks ago after a massive daily crash. The bulls are now trying to break above the 26-period EMA resistance. If they managed to do it, they will basically face no resistance until $0.42. You can buy Matic Network on Binance.
