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EOS, Algorand, YFI Price Analysis: 23 January

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EOS formed a scallop pattern on the charts and a drop below $2.55 could see it go as far south as $2.3 over the next week. Algorand flipped a level of resistance to support and showed signs of bullishness as it approached the $0.55-region. Finally, YFI rose above $30,000 but can see a minor dip to retest the $28,900-level of support.

EOS

EOS, Algorand, YFI Price Analysis: 23 January

Source: EOS/USDT on TradingView

It was noted previously that the price was in the process of forming an inverted and descending scallop pattern. This pattern would be validated if EOS drops below $2.55, and could lose the level of support at $2.44.

Ceding this level to the bears could see EOS drop as low as $2.3 in the coming days. The RSI dropped below neutral 50 and stayed beneath it over the past few days to indicate that a downtrend was in progress.

Algorand [ALGO]

EOS, Algorand, YFI Price Analysis: 23 January

Source: ALGO/USD on TradingView

ALGO climbed back above the level of support at $0.5. The selling pressure on a few days ago did force ALGO to dip as low as $0.425, but buyers were quick to drive the prices upwards on the charts.

As shown by the OBV, the buying volume has been steadily rising, showing that there was genuine buyer interest in the market.

The short-term target for bulls is the $0.54-$0.56 region, a zone that has acted as a liquidity pocket. The market’s bulls would seek to flip this region to one of demand on the way to testing the $0.63-level of resistance.

yearn.finance [YFI]

EOS, Algorand, YFI Price Analysis: 23 January

Source: YFI/USDT on TradingView

The Awesome Oscillator was under zero and denoted recent bearish pressure. However, it was also forming green bars to signify that bearish momentum was weakening. A bullish double peak set up could yet form and that would be a signal to buy.

The Stochastic RSI was correcting from overbought territory. This showed that YFI would likely see a minor dip to retest the $28,900-level of support in the coming hours.

Source: https://ambcrypto.com/eos-algorand-yfi-price-analysis-23-january/

Amb Crypto

Miami Mayor dismisses Treasury Secretary Yellen’s criticism of Bitcoin

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Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports […] Source: https://ambcrypto.com/miami-mayor-dismisses-treasury-secretary-yellens-criticism-of-bitcoin/

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FD7 Ventures launches $250M Micro-Fund in India for Cardano, Polkadot-based projects

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A few days after FD7 Ventures, a Dubai-based crypto-investment fund, made news after it announced its decision to sell its Bitcoin holdings worth $750M to buy more Cardano and Polkadot, the fund is in the headlines again. According to a press release, FD7 Ventures has now launched a $250M Micro-Fund in India to invest in […] Source: https://ambcrypto.com/fd7-ventures-launches-250m-micro-fund-in-india-for-cardano-polkadot-based-projects/

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Why Mark Cuban is looking forward to Ethereum’s use cases

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Entrepreneur Mark Cuban is in awe of Ethereum network and thinks that blockchain technology could be a game-changer for various industries. In a recent interview, Cuban said that it is the “simplification of smart contracts” on Ethereum that gets him “excited.” He said: Because now, all these SaaS companies, all these different companies, I could […] Source: https://ambcrypto.com/why-mark-cuban-is-looking-forward-to-ethereums-use-cases/

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Amb Crypto

Litecoin, EOS, Enjin Coin Price Analysis: 01 March

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Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within a descending channel after finding support at $3.5. Lastly, ENJ went past a key resistance and saw its price rise on the charts. Litecoin [LTC] Losses in the last seven days amounted to over 25% […] Source: https://ambcrypto.com/litecoin-eos-ftx-token-price-analysis-01-march/

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