These 3 altcoins go higher

Polkadot (DOT) is moving along the ascending support line and has ricocheted off the USD 29 horizontal support area.

Ankr (ANKR) broke out via a long-term parallel descending channel and subsequently confirmed it as support.

Celer Network (CELR) hit an all-time high on September 26, but fell shortly thereafter.

POINT

The DOT has been rising along with the ascending support line since July 20th.

On August 31, the token broke the USD 29 resistance area and confirmed it as support on two consecutive occasions. These retests also coincided with ricochets from the support line.

Technical indicators offer a mixed outlook. Although the MACD is in positive territory, it is currently sloping down. The RSI is also right on the 50 line.

However, the supertrend line is bullish and coincides with the $ 29 area and the ascending support line. Hence, DOT trades above the confluence of support levels.

The next resistance is at $ 41.35. This is the 0.786 fib retracement resistance and the horizontal resistance range.

DOT / USDT daily chart | Source: TradingView

The shorter-term 2-hour chart shows that the DOT has been moving along a descending resistance line since September 14th.

Until the price crosses this line, the trend cannot be considered bullish.

A breakout will bring the price into the $ 41.35 resistance area described above.

DOT / USDT 2-hour chart | Source: TradingView

Highlights

• DOT is moving along a long term ascending support line.
• It faces resistance on a short-term declining resistance line.

ANKR

ANKR has been trading in a long-term parallel descending channel since hitting an all-time high of $ 0.216 on March 28th. This resulted in a low of $ 0.047 on June 22nd.

The token has been on the rise since then, and it broke across the canal on August 22nd.

However, since then the price has come down and may return to validate the channel as support. In addition, both the RSI and the MACD are falling. The channel’s re-confirmation also coincided with the touching of the USD 0.08 support area.

So while the price movement looks bullish, the signals from the technical indicators are bearish.

ANKR / USDT daily chart | Source: TradingView

The shorter term 2 hour chart shows that ANKR is trading in a descending wedge. The wedge is considered a bullish reversal pattern.

Additionally, MACD and RSI are both rising and supporting a breakout.

Currently, the token is right on the pattern’s resistance line.

Moving past the $ 0.102 zone could mean ANKR is rising higher in the long run.

ANKR / USDT 2-hour chart | Source: TradingView

Highlights

• ANKR erupted over a long-term descending parallel channel.
• It can be traded within a short term descending wedge.

CELR

On September 15, CELR broke the $ 0.093 resistance area and rose briskly.

It initially fell and deviated below this level on September 21 (red circle), but has regained its position and has been moving up since then. On September 26, the token hit a new all-time high of $ 0.198. The high came just above the external fib retracement resistance at 1.61.

Currently the token is trading just above this level and is trying to confirm it as support.

If this is successful, the next area of ​​resistance will be at $ 0.239. This is the Fibonacci retracement resistance level outside of 2.61.

Both the MACD and RSI are rising, which supports the continuation of the uptrend.

Weekly CELR / USDT Chart | Source: TradingView

Highlights

• CELR hit an all-time high on September 26th.
• It is trading above the USD 0.155 support.

You can see the coin prices here.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

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