Bitcoin (BTC) was roughly flat over the past 24 hours as trading volume continued to decline.
Still, some alternative cryptocurrencies (altcoins) outperformed BTC on Tuesday. Internet Computer’s ICP token was up about 20% over the past 24 hours, and Chainlink’s LINK token was up about 4% over the same period.
From the overview of price in LNKUSD we could see that price has bounced up after breaking previous structure high and we could also see that price has broken the 50 EMA to be in a bullish trend. A possible retest of price to the support zone between 23.748 and 22.288 which has a confluence with the 50 EMA will pus price higher. The RSI and MACD are above the centerline which signifies a bearish move of price.
Germany stocks were mixed after the close on Tuesday, as gains in the Insurance, Transportation & Logistics and Chemicals sectors led shares higher while losses in the Retail, Technology and Pharmaceuticals & Healthcare sectors led shares lower.
At the close in Frankfurt, the DAX added 0.82% to hit a new 1-month high, while the MDAX index added 0.11%, and the TecDAX index declined 2.42%.
From the overview of price in GER30 we could see that the overall trend is bullish. Price retested the support zone and is headed to the resistance zone between 16.351 and 16.238 before making a possible reversal to to the downside. We could see that the RSI and MACD are above the centerline and close to the overbought region.
From the overview of price we could see that the trend of GBPNZD is bullish. Price has clearly broken previous structures and heading towards the resistance zone between 2.00649 and 1.99547. Price may likely reverse in the resistance zone thereby making a pullback to the support zone between 1.97018 and 1.96158. The RSI is within the overbought region and MACD crossover is above the centerline which signifies a possible reversal of price to the downside.