November 3 was a day when mixed signals abounded for crypto assets. Ethereum (ETH) and Left (LEFT) while today’s profitable assets Dogecoin (DOGE) decreases were also observed. Besides, the short-term techniques for the above-mentioned assets indicate that the buying pressure is decreasing. On the other hand, some alts such as Dogecoin are down 2.6% in the last 24 hours.
Ethereum (ETH)
ETH price rose over 16% last week and was still trading at $4594 at the time of writing. Since September 28, ETH has oscillated in an uptrend across parallel channels, recording a monthly gain of 35.22%. As a result, the largest altcoin managed to hit an ATH price of $4,639 on Nov.
Over the past 21 days, bears held the support level at $4,156, while ETH bulls broke the support line hard, creating strong bullish pressure. Short-term techniques mandated the uptrend and showed a preference for buyers. Technical analysis indicates that bullish momentum is easier.
Relative Strength Index (RSI) it fell from the overbought zone and appeared to be heading south, towards the midline. MACD histogram on the other hand, it was seen by shorter light green bars, indicating a decreasing buying pressure.
DMI lines showed a preference for buyers but looked very close to the brink of a downtrend. With this, ADX line stopped at the 18 mark, which indicates a weak direction trend.
Dogecoin (DOGE)
Since September 26, the DOGE price has managed to move within a rising wedge pattern. DOGE, which has a monthly return of over 11%, has experienced a decline today.
DOGE, which reached an 11-week high on October 28, returned from the upper trend line. DOGE price is around 24 hours as short-term technical indicators show that buying pressure in DOGE is decreasing. 2.6% showed a decline. DOGE is currently trading at $0.2698.
RSI while it was close to the middle line and continues to show a downtrend. Awesome Oscillator (AO) showed a “trend” for sellers. DMI lines were very close to the downtrends, but ADX line showed a weak trend.
Left (LEFT)
Solana has been maintaining its upward momentum since last month and has recorded an increase of approximately 36% in the intervening period. SOL price reached its highest level (ATH) at $235.11 on Nov. 3 as it continues to show more bullish signals. Falling to the lower trendline after this ATH, SOL found support at 215.16.
SOL, trading at $234.35, shows that bullish momentum on key techniques will be easy in the near term.
RSI it seems to be stuck in the overbought zone at the moment and seems to have turned south (bearish). DMI While it indicated a preference for buyers, +DI even showed a downtrend. However Compression Momentum Indicator showed gray dots and indicated a phase of momentum where possible high volatility could be experienced.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.