{"id":131152,"date":"2020-12-13T21:30:41","date_gmt":"2020-12-13T16:00:41","guid":{"rendered":"http:\/\/ambcrypto.com\/?p=131152"},"modified":"2020-12-13T16:17:05","modified_gmt":"2020-12-13T10:47:05","slug":"eos-polkadot-verge-price-analysis-13-december","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/eos-polkadot-verge-price-analysis-13-december\/","title":{"rendered":"EOS, Polkadot, Verge Price Analysis: 13 December"},"content":{"rendered":"

Bitcoin’s<\/a> recovery over the past couple of days from $17,600 to $19,200 was accompanied by rising Bitcoin dominance. Large-cap alts gained in value over the same period, but in general, they were not as quick to surge. Polkadot broke past the $4.8-resistance level, but it saw bears and profit-taking around the $5 region. EOS broke out of a descending channel, and Verge could be primed for an upside breakout as well.<\/p>\n

Polkadot [DOT]<\/h4>\n
\"EOS,<\/a>
Source: DOT\/USDT<\/a> on TradingView<\/figcaption><\/figure>\n

On the 1-hour timeframe, Polkadot had a bullish outlook. The price pierced past the $4.8-resistance on a move with good trading volume. The OBV<\/strong> also formed a series of higher lows over the past couple of days to indicate that short-term bullishness had some buyer interest behind it.<\/p>\n

The EMA ribbon<\/strong> twisted to indicate bullishness as well while the price rose above it to further signify the bullish momentum behind DOT.<\/p>\n

It is possible that DOT would be pushed back to retest the same level to confirm its flip to support. The long candle wick up to $5.1 was not pretty and showed that the bears still held sway around the $5-region.<\/p>\n

EOS<\/h4>\n
\"EOS,<\/a>
Source: EOS\/USDT<\/a> on TradingView<\/figcaption><\/figure>\n

EOS was trading within a descending channel, a bullish reversal pattern that generally sees the price break out and climb to the peak of the pattern, where the channel began.<\/p>\n

EOS also exhibited a bullish divergence between the price and the momentum on the 4-hour chart, and subsequently, the price reversed itself and closed above the $2.72-level, as well as the channel.<\/p>\n

The RSI<\/strong> rose past 50 and an uptrend was likely initiated, with a target of $3.3 for the bulls in the days to come.<\/p>\n

Verge [XVG]<\/h4>\n
\"EOS,<\/a>
Source: XVG\/USDT<\/a> on TradingView<\/figcaption><\/figure>\n

Verge formed a rising wedge pattern. This pattern can see the price break in either direction, with a close outside the pattern generally indicating the breakout direction.<\/p>\n

The trading volume has fallen for XVG over the past couple of days as the price approached the level of resistance at $0.0073. However, the MACD<\/strong> highlighted that notable bullish momentum was behind XVG as it crossed above zero.<\/p>\n

A close above the resistance level would be bullish for XVG and would set an upside target of $0.0085, while a break to the south could see a test of the $0.0064-support.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin’s recovery over the past couple of days from $17,600 to $19,200 was accompanied by rising Bitcoin dominance. Large-cap alts gained in value over the same period, but in general, they were not as quick to surge. Polkadot broke past the $4.8-resistance level, but it saw bears and profit-taking around the $5 region. EOS brokeContinue reading “EOS, Polkadot, Verge Price Analysis: 13 December”<\/span><\/a><\/p>\n","protected":false},"author":31,"featured_media":131159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,3,4,20],"tags":[],"class_list":["post-131152","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nEOS, Polkadot, Verge Price Analysis: 13 December - AMBCrypto<\/title>\n<meta name=\"description\" content=\"On the 1-hour timeframe, Polkadot had a bullish outlook. 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