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Bitcoin SV, BAT, Dash Price Analysis: 22 November

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Source: Pixabay

Many of the market’s altcoins have enjoyed significant gains over the past few days, with some coins even posting double-digit percentage gains over a 24-hour period. At the time of writing, however, many of these alts were noting a pullback.

Bitcoin SV appeared to break out of the price range it had been trading within for the past two months. Basic Attention Token was unable to flip a level of resistance to support and it could see some more losses in the coming hours. Dash’s charts suggested that it was on a strong uptrend after gaining by nearly 50% since early November’s lows.

Bitcoin SV [BSV]

Bitcoin SV, BAT, Dash Price Analysis: 22 November

Source: BSV/USDT on TradingView

Bitcoin SV traded between the levels of $151 and $179 for the most part of September, October, and November. In fact, the latest surge saw it register a swing high of $197.5.

The OBV showed that buying volume has been on the rise, alongside the price, a sign of legitimate buyer interest being behind the hike in price.

The Stochastic RSI formed a bearish crossover in the overbought territory to indicate that the crypto-asset was due for a pullback. This could see the price drop further from $184 to $179.

Basic Attention Token [BAT]

Bitcoin SV, BAT, Dash Price Analysis: 22 November

Source: BAT/USD on TradingView

BAT was unable to flip the level of resistance at $0.224 to support after a surge to $0.238 the previous day.

BAT was trading at $0.219 and it could see a pullback to the pocket of liquidity in the vicinity of $0.21, which represented a 4.7% depreciation in price.

The RSI showed that an uptrend was still in play and BAT’s bulls would seek to defend the price from any significant dips below $0.21.

Dash [DASH]

Bitcoin SV, BAT, Dash Price Analysis: 22 November

Source: DASH/USDT on TradingView

Dash had formed a bull flag and reached a projected target of $84 a few days previously, but the bulls weren’t content with that. With a level of resistance looming at $85, DASH consolidated under the resistance for a few days, before seeing a spike just past $95.

At the time of writing, DASH was in a pullback. The Directional Movement Index noted a strong uptrend for DASH as the ADX (yellow) soared above 20, while the +DMI (blue) highlighted the bullish nature of the trend.

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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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