Connect with us
Active Currencies 14786
Market Cap $2,455,224,256,255.50
Bitcoin Share 51.48%
24h Market Cap Change $-0.36

Binance Coin, Cosmos, Ontology Price Analysis: 14 October

2min Read

Share this article

Binance Coin showed it might see a minor pullback before another move upward. Cosmos showed a possible disagreement between buyer interest and the price, while Ontology was in a phase of consolidation.

Binance Coin [BNB]

Binance Coin, Cosmos, Ontology Price Analysis: 14 October

Source: BNB/USDT on TradingView

BNB was rejected at the $31.9 zone of resistance. The RSI stepped into the overbought region but at press time was correcting toward the mean.

It was likely that BNB would touch $30 where it would meet demand, and then rise toward $32 in the next few trading sessions.

The RSI has stayed above 50 since the price broke out of the descending channel (white). This indicated an uptrend, and the bullish momentum might extend further.

Cosmos [ATOM]

Binance Coin, Cosmos, Ontology Price Analysis: 14 October

Source: ATOM/USD on TradingView

Cosmos showed strong bullish momentum recently as it bounced strongly off support at $4.81.

Highlighted in orange is how the price has posted a higher high but the OBV registered a lower high. The OBV showed a reduction in buying volume while the price rose.

This disagreement might presage a fall in the asset’s price.

The next zone of support for ATOM lies at $5.45. CMF showed that the market was very slightly in favor of the bears. A value lower than -0.05 on the CMF meant capital flowing out of the market.

Ontology [ONT]

Binance Coin, Cosmos, Ontology Price Analysis: 14 October

Source: ONT/USD on TradingView

Bollinger Bands were pretty tight around the price, showing a phase of consolidation for the asset, indicating lowered volatility. The trading volume has also been quite low in the past few days.

The level of $0.54 held as strong support when sellers previously tried to push ONT beneath. That might not be the case if the price broke to the downside out of this consolidation period.

A breakout to the upside can see ONT test resistance at $$0.68 in the coming days.

Share

Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.