While transforming the broader sentiment is still a dream scenario for the bulls, the near-term technical indicators of Uniswap, Litecoin, and NEAR flashed a slight buying bias.
Uniswap pulled back from its immediate supply zone while Litecoin jumped above its 20/50/200 SMA. NEAR managed to attain its lifetime milestone on 15 January and formed a bullish divergence with its RSI. However, it still needed enough volumes to sustain its edge.
Унисвап (УНИ)
After the $19.89-mark displayed strong resistance, the rising wedge broke down to test the Тачка контроле (red) multiple times. The 5 January sell-off saw an engulfing red candlestick that propelled an over 26% retracement until its three-week low on 8 January.
As a result, it fell below its Point of Control (red) and marked a down-channel (white) on its 4-hour chart. Over the past week, the alt saw a double-bottom pattern on its 4-hour chart. Consequently, it broke out but again reversed from the $18 supply zone.
Now, to prevent a further downturn, the bulls had to defend the $16.6-mark near the crossover of 20/200 СМА.
У време штампе, алт се трговао за 16.94 долара. Тхе РСИ poked its record high at 77.9 on 16 January before a steep plunge toward the midline. It eyed to retest the midline before committing to a trend.
Литецоин (ЛТЦ)
LTC managed to claw back in an up-channel and reclaim its oscillating range between the $167 and $143-mark. The altcoin saw a 25.7% ROI (from its five-month low on 10 January) until press time. Meanwhile, the bulls managed to flip the vital $143-reistance as support.
With this jump, LTC found itself above the 20/50/200 SMA. At press time, LTC traded at $151.4.
РСИ headed to test the overbought territory for the third time in the last five days. It flashed a one-sided bullish preference. Furthermore, the ДМИ reaffirmed the bullish vigor. But the АДКС показао слаб тренд смера за алт.
Близу протокола (НЕАР)
After an inverse head and shoulder on its RSI, NEAR marked exponential gains by forming a bullish flag and pole on its 4-hour chart. It saw an exceptional 147.57% ROI (from 20 December low) to poke its ATH at $20.597 on 15 January.
As the down-channel (white) oscillation halted at the $13.2-mark support, NEAR saw a patterned breakout and entered into price discovery.
У време штампе, алт се трговао за 19.335 долара. Тхе РСИ formed a down-channel and seemed to slow down around the midline. It still managed to flash a slight bullish bias. Furthermore, it still marked a hidden bullish divergence (yellow trendline) with the price. However, it becomes crucial to note that the Јачина осцилатора marked lower peaks, hinting at a weak bullish rally.
Source: https://ambcrypto.com/uniswap-litecoin-near-price-analysis-17-january/