Among the key cryptocurrencies, two lagging ones can be distinguished now, who are weaving in the tail and are not in a hurry to begin growth. These are EOS and DASH.
The EOS rate recovered over the area of ??support for the long-term trading range, which promises the currency a possible increase in the direction of resistance. The DASH course has yet to recover over its area of ??support, but technical indicators point to this possibility in the near future.
EOS (EOS)
Since May 7, the EOS rate has been trading within the range of 2700 - 2900 Satoshi. On May 14 and June 5, the price attempted to peer below and above this range, respectively, but immediately returned to it.
Perhaps we are seeing a “double base” pattern in combination with bullish divergence signals on the RSI. However, the pattern looks very uncharacteristic, and the divergence is not quite clear.
Popular crypto trader @Damskotrades shared an EOS chart on Twitter, noting that this is his only open position in altcoins. He highlighted the same trading range as we did, and said that he expected growth in the direction of 2780, and then to 2900 Satoshi.
On a short-term chart, trades are likely to take place inside a symmetrical triangle. The pair has already demonstrated some strength by turning a small area of ??2690 satoshi into support, however, resistance in the region of 2710 satoshi blocks its path upstairs.
His bullish breakdown, as well as a breakthrough of the downward resistance line of the triangle, will indicate that the EOS rate may continue to grow.
Dash (DASH)
The main support area for DASH cryptocurrency is located at ?0.0076. The price reached it again on June 15, but could not develop growth and is now in danger of falling. In addition, the pair moves along the line of downward resistance.
In order for the bulls to be able to start growth, they need to recover above the above support area and make a breakdown of the downward resistance line. The daily RSI gives some bullish divergence signals, however, they still remain unconfirmed, and there are no other signs of a reversal on the chart.
