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October 3, 2022
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Price analysis: EOS, Aave and UNI – February 10

Altcoins are increasingly gaining ground in front of BTC

EOS has so far reached its highest point in almost a year, but has also issued bearish signals on the charts. AAVE broke above its rising triangle and is awaiting confirmation during the next trading sessions. Finally, Uniswap is trading at record levels, with the RSI pointing to a saturated market.


Source: EOS / USD, TradingView

EOS has seen a strong bullish momentum in the past few days, with the price rising to its highest level in almost a year at $ 4.45. However, there was a chance that momentum would subside as the On Balance Volume fell after EOS launched the $ 4.3 resistance.

The stochastic RSI also favored sellers, as the index fell after a bearish cross in the overbought zone. A settlement at this level can cause the support level at $ 4.15 to come into focus.

Aave [AAVE]

Price analysis: EOS, Aave and UNI - February 10 22

Source: AAVE / USD, TradingView

Aave formed an ascending triangle and recorded a northward break on the 4-hour chart. Since the bullish movement took place at relatively lower volumes, there was a chance that the price could move back to the pattern after a false breakout. Bullish candles in the next few sessions would confirm the break and see AAVE rise to an all-time high on the charts.

MACD supported a favorable result for cryptocurrency after an upward cross in the index. Awesome Oscillator also saw an upward trend in the market. In a bearish scenario, the price may return to the standard and trade near the lower trend line.

Uniswap [UNI]

Price analysis: EOS, Aave and UNI - February 10 23

Source: UNI / USD, TradingView

Uniswap reversed the $ 21 resistance, as buyers increased pressure in the last trading sessions. However, the Relative Strength Index added some skepticism to the mix, as the index could drop dramatically in the future. A move below the $ 21.5 support mark would show some buying signals for short and medium term traders if the price remains above SMA-20 (blue) and SMA-50 (yellow).

Meanwhile, the Parabolic SAR has confirmed the recent upward trend, as the dotted markers have moved below the candles.

Source: AMBCrypto

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