[ad_1]
The Crypto Fear and Greed Index came in at 88, after yesterday’s 90. For context, this index showed 83 and 79 on consecutive days and dropped to 40 in September as BTC dropped from around $ 12,000 to $ 9700. Ethereum was heavily bullish both technically and fundamentally and could record further gains after a mild drop. Monero moved sideways in the last week of October even though many other coins recorded significant losses, which was a sign of strength for XMR. Dash didn’t drop below $ 60 and recovered quickly.
Ethereum [ETH]
Source: ETH / USD on TradingView
The $ 385 to $ 400 region has been a strong resistance region for ETH and its recent past has been a sign of bullish strength.
March’s white ascending trend line, as well as the descending (cyan) channel, showed that $ 360 would be critical for ETH. A move below could signal a downside over a period of weeks.
However, ETH has pumped the news about ETH 2.0, as well as possibly the funds flowing back from Bitcoin. Most of the rest of the market also found a local bottom and spiked to varying degrees.
For ETH, the RSI was moving into overbought territory and a pullback to the $ 450 support for ETH was likely. A pullback could go as high as $ 420, and a move below this level would question the crypto asset’s bullish momentum.
The next major resistance level for ETH is at $ 480.
Currency [XMR]
Source: XMR / USDT on TradingView
XMR has been somewhat limited over the past month, trading between the $ 115 and $ 135 levels for the most part. The most recent move below $ 115 was signaled by another huge wave of selling pressure for the asset, but the bulls intervened strongly and pushed the price back above support.
The bulls themselves would have pointed to $ 135 as their next target, with some resistance to be found at $ 127.
The MACD formed a bullish crossover below the zero line and showed strong upward momentum for the crypto asset.
An increase of over $ 135 in the next few days would set the psychologically important level at $ 150 as a target.
Dash [DASH]
Source: DASH / USDT on TradingView
The directional movement index showed that DASH had started a strong bullish trend, as the ADX (yellow) rose above 20 on the indicator, while the + DI (blue) indicated an uptrend.
The crypto-asset also moved above the period’s moving averages of 50 and 100 (yellow and pink, respectively), suggesting that the downtrend of the past two weeks has reversed.
DASH could retest the $ 70 region and confirm its move from resistance to support in the next few hours.
