Haven Protocol (XHV) and Tellor (TRB) Technical Analysis: Trend Resumption or Price Dump?Table of contents

Haven Protocol and Tellor prices are divergent. The TRB coin may surge to $55 as the XHV price dumps to $6 or worse in a pullback from H2 2021 highs.

Haven Protocol (XHV)

The Monero fork aims to create an offshore bank where users can readily create private tokens using XHV currency.

Past Performance of XHV

The Haven Protocol token is within a bullish breakout pattern as per price action in the daily chart.

From the XHV technical analysis, however, XHV sellers are flowing back, forcing the coin down 14 percent on the last trading day.

Day-Ahead and What to Expect

As per the XHV coin candlestick arrangement, the XHV/USDT is under pressure, pulling back from a critical resistance line at $8.

Since the previous upswing has decent trading volumes and the October 16 bull bar wide-ranging, the XHV token might expand to $20 in the short term.

However, a contraction below October 16 lows would squash buyers, allowing bears to flow back.

Haven Protocol Technical Analysis

The XHV price is retracing from around H2 2021 highs.

From the daily chart, sellers are back explaining the three-bar bear reversal pattern with high trading volumes.

Accordingly, since the uptrend is capped and questionable, every high may offer ideal entries for XHV sellers targeting $6 and $4.5 in the medium term.

Tellor (TRB)

The Tellor protocol is an oracle provider linking Ethereum dApps with approved external data using TRB currency.

Past Performance of TRB

The Tellor coin is steady, adding three percent versus the greenback on the last trading day.

As per the TRB technical analysis, buyers might have the upper hand in continuing the W-formation evident in the daily chart.

Day-Ahead and What to Expect

Overall, Tellor token buyers are in control.

Considering the candlestick arrangement of the TRB/USDT pair, the coin may grind higher towards the H2 2021 highs of around $55.

On the flip side, deep losses below $40 cancel the uptrend.

Tellor Technical Analysis

From the TRB/USDT price action, buyers are in the driving seat

With the strong bounce from September 2021 lows at around $40, aggressive TRB token buyers may load the dips.

The immediate target, in this case, lies at $55, especially if the uptrend is with increasing volumes.

On the reverse side, unexpected dips below $40 may force TRB crypto to trade lower towards $28—H2 2021 lows.


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