Price Analysis Of Augur, Gnosis And SelfKey!

AUGUR ANALYSIS: JULY, 2021

Technical:

Augur is a coin which is used on the augur platform for betting on sports, games and other things. Here’s the price analysis of Augur.

The coin is currently trading at $16.59, near its supply or resistance zone. It has given an excellent reversal from its recent low of $9.45, surging almost 100% in less than two weeks. It seems that there’s a change in trend for the coin.

The zone of $16.34 to $16.99 is a very crucial level for the coin. On the breakout of this zone, the coin may see huge upside.

The bullish volumes are very prominent on the daily chart. The volumes are supporting the rally.

However, the coin is trading below its 50-day and 200-day exponential moving average. Moreover, the moving averages gave a ‘death cross’ a few days back.

augur analysis
Source: tradingview

Market Sentiment:

The Relative Strength Index is showing good price strength after breaking its trendline. It showed a sharp surge from the lower levels. It is currently placed at 48.45 and has the potential to go higher.

The MACD is above the signal line, giving out a ‘buy’ call to investors.

Both indicators are indicating bullish move in the upcoming weeks.

augur analysis
Source: tradingview

Conclusion:

On the breakout and close above the level of $16.98, the targets on the upside are placed at $19.17 and $22.54.

The current volumes must continue so as to enable Augur to move upwards.

If the coin faces rejection from the resistance zone, targets on the downside are placed at $14.71 and $13.10.

GNOSIS ANALYSIS: JULY, 2021

Technical:

Gnosis claims to build new market mechanisms for decentralized finance. Gnosis coins can be traded, held and collected on major platforms, especially the Gnosis exchange itself. Here’s the price analysis of Gnosis.

It is currently trading at $183.82. The coin has given a clean breakout above the resistance zone on the daily time frame.

The breakout is very strong as the candlestick has no wicks. The candle has a full bullish body. This indicates that the buyers have complete control over the coin.

Unlike other coins, Gnosis is trading above both, it’s 50-day and 200-day exponential moving average. This is a healthy sign for the coin, indicating more upside for the coin.

The volumes, although in the hundreds, are still proving to be enough to support the rally.

Gnosis augur technical analysis
Source: tradingview

Market Sentiment:

The Relative Strength Index is showing excellent price strength. It gave a good bounce from the neutral region, currently standing at 58.63. It has the potential to go higher towards levels of 70.

The MACD is above the signal line, giving a ‘buy’ call to investors. It can also cross the 0 level soon which would be a major bullish confirmation.

gnosis rsi macd
Source: tradingview

Conclusion:

If the breakout sustains above the resistance, targets on the upside are placed at $195.84 and $219.55.

However, these targets can only be achieved if bullish volumes are more than average. The overall trend of the market can play a role in pulling the coin upwards.

On the contrary, if Gnosis does not close above said level, targets on the downside are placed at $165.72 and $150.42.

SELFKEY ANALYSIS: JULY, 2021

Technical:

As the name indicates, SelfKey aims to provide privacy and self-sovereign identity. Here’s the price analysis of SelfKey.

SelfKey is a rather low-key coin, with a market price of $0.0079.

The coin is near its resistance zone of the symmetrical triangle. The recent up move was supported by the 50-day exponential moving average. However, the long-term trend of the coin remains bearish because it is trading way below its 200-day exponential moving average.

There was a sudden spike in volume yesterday which indicates the possibility of breakout of the resistance. The resistance exists between the range of $0.00795 to $0.0083.

The coin may remain sideways for a while before moving in either direction due to indecisiveness among the buyers and sellers. Moreover, given the low price of the coin, most traders would avoid the coin for trading or investment purposes.

selfkey augur technical analysis
Source: tradingview

Market Sentiment:

The Relative Strength Index is near its upper trendline. It is likely to face rejection from the said trendline. It is currently positioned at 45.76.

The MACD is also showing decisiveness. The MA and the signal line have converged. Investors must wait for confirmation until the MACD crosses the signal line on either side.

selfkey rsi macd
Source: tradingview

Conclusion:

On the breakout of the resistance zone, targets on the upside are placed at $0.0086 and $0.0097.

On the breakdown of the support zone, targets on the downside are placed at $0.0067 and $0.0059.

However, as mentioned before, SelfKey may remain sideways for a while.