ATOM tested the region of demand at $16-$16.7 and bounced to flip the $18 level from resistance to support. 20 EMA (white) was moving above 50 EMA (yellow) to show short-term bullish momentum.
RSI climbed above neutral 50 and showed a value of 64 at the time of writing, reaffirming upward momentum behind ATOM.
The $19.8 and $21 are the next levels of resistance for ATOM bulls to overcome.
There were some signs of bullishness behind EOS, but it was too early to enter a long position.
The region of supply at $4.3-$4.5 was immediately overhead for EOS, even as the price floated above the $4 retracement level which served as support. In the short-term, a retest of the $4.04 level can be used to enter a scalp long, targeting $4.3.
OBV has been trending upward in the past couple of days, and this buying pressure could see the supply zone tested. However, a tight stop-loss at $3.98 is recommended. Awesome Oscillator was receding and the waning short-term bullishness could see a minor dip back to $4.04.
In the longer-term outlook, 50% retracement level at $3.6 has been defended, based on a larger move of EOS from $2.38 to $5.6. This defense hinted at bullish resilience, which will be confirmed by flipping the supply region to one of demand in the coming days.
Marked in cyan is a bullish scenario for AAVE. The breakdown beneath the descending triangle (orange) saw a strong bounce near the $300 mark, to retest $360. The 38.2% retracement level at $344 has become of crucial importance now. The $340-$350 region needs to see strong buying pressure for the bullish case to materialize.
Losing the $344 level once more will likely see AAVE forced to drop to $300 again. Chaikin Money Flow showed buyers were dominant with net capital flowing into the market on the 4-hour chart.
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