Home Litecoin Litecoin, Aave, Dash Price Analysis: 08 April

Litecoin, Aave, Dash Price Analysis: 08 April

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Litecoin and Aave have been compelled to maneuver again to a area of demand after the bearish sentiment of the previous two days. Dash additionally dipped to search out robust assist at $245, however a session shut beneath this degree will seemingly see the value transfer to $206.

Litecoin [LTC]

Litecoin, Aave, Dash Price Analysis: 08 April

Supply: LTC/USD on TradingView

Litecoin broke out of a symmetrical triangle upwards, however the promoting strain of the previous few days noticed LTC unable to carry on to the $230-level. It was compelled to drop again into the demand zone at $220, with the following assist ranges at $200 and $180.

The 4-hour chart confirmed the RSI above 50 – A protection of $220 and a transfer to $230 would recommend that the bulls are gaining energy as soon as extra. Scaling into lengthy positions on the $220 and $195-levels could be an choice for longer-term trades.

Aave [AAVE]

Litecoin, Aave, Dash Price Analysis: 08 April

Supply: AAVE/USDT on TradingView

The 20-EMA (white) dove beneath the 50 EMA (yellow) in response to the promoting strain of the previous few days and AAVE slipped beneath the $386-support to bounce off the 38.2% retracement degree at $344.

In blue is the vary that AAVE has traded inside for almost six weeks, and its mid-point was discovered at $358, making the $244-$358 a area of demand on the time of writing.

The OBV confirmed a flooring, and transferring beneath this may see a drop beneath $300. Nevertheless, the danger of that was not but evident for the reason that OBV seemed to be on an uptrend over the previous two weeks.

Sprint [DASH]

Litecoin, Aave, Dash Price Analysis: 08 April

Supply: DASH/USDT on TradingView

DASH was buying and selling inside an ascending channel (blue). The mid-point of this channel has served as dynamic assist and resistance. It was flipped to resistance after the current drop from the channel’s higher boundary to search out assist at $245.

The Directional Motion Index didn’t present a powerful pattern in progress as each the -DI (pink) and +DI (blue) have been beneath 20 whereas the ADX (yellow) was dropping as effectively. The Chaikin Cash Movement dipped under +0.05 to point out that capital circulate to or from the market favored neither patrons nor sellers.

A drop beneath the channel will seemingly see DASH retrace its current positive aspects and transfer to $206, the 38.2% retracement degree.


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