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Bitcoin SV, Augur, Coin Price Analysis: 18 October

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Bitcoin SV has noted quite a lot of volatility in its valuation over the past few weeks. Although it failed to note a trend in the short-term, it might be forced lower on the charts in the coming weeks, unless the bulls stepped in. Augur was trading within a price range, but might be able to break out over the next few weeks. Finally, Coin sank lower and lower while the exchange behind the crypto-asset grew its userbase.

Bitcoin SV [BSV]

Bitcoin SV, Augur, Coin Price Analysis: 18 October

Source: BSV/USDT on TradingView

Bitcoin SV has been quite volatile over the past month, registering a 23% rise and two drops of nearly 10% each.

In fact, the crypto-asset failed to go past either its support at $151, or its resistance at $179. Further, over the past few trading sessions, the crypto-asset has continued to trade within the $158-$173 range.

The OBV underlined heightened selling volumes for the crypto-asset as it made a lower low (orange) while the price made a higher low. This suggested that the recent hikes were not a result of trend reversal and overwhelming buying interest.

The price would have to close above $180, and the OBV must break past its previous high (white) to confirm a change in trend to bullish.

Augur [REP]

Bitcoin SV, Augur, Coin Price Analysis: 18 October

Source: REP/USDT on TradingView

REP formed a rectangle bottom pattern (white), where the price ranged between the two boundaries after entering the formation from above (Hence, called a bottom). This pattern generally sees an asset break to the upside.

In the near-term, REP could be headed south as it slid under the mid-point. The MACD further suggested that market momentum has been with the bears lately.

A break out above $14.6 on good trading volume, ideally followed by a retest of the same level, could indicate further gains for the crypto-asset. Coin [CRO]

Bitcoin SV, Augur, Coin Price Analysis: 18 October

Source: CRO/USDT on TradingView Coin faced massive selling pressure, with the Relative Strength Index continuing to dip inside the oversold zone.

The crypto-asset might be under duress because its staking rewards were drastically reduced.

A few days ago, slashed staking rewards from 20% per annum to 6% per annum for users who held more than $5000 worth of CRO, after the exchange surpassed 5 million users for the first time.


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.
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