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Even if prices are fair from seven days ago, bears are still in charge. The daily chart specifically shows a five percent drop in the playground over a 24-hour period in coins like Tron, IOTA and EOS. Even if we remain bearish, any volume break above $ 65 could trigger the next wave of buying pressure in Litecoin, while a close below $ 50 would certainly signal the resumption of the trend and in this case the targets for $ 30. they would be ideal.
Let's take a look at these graphs:
EOS Technical Analysis
EOS Daily Chart of Trading View
Useless say that EOS prices are falling as the weekly chart shows. Statistics show that EOS prices are down 20% week over week
Unless otherwise, we will maintain a bearish position as we wait for prices to print higher grades before loading shorts in line with our previous EOS technical analysis. [19659002] Considering the permanence of price action as shown by the chart within a limited trading range, we suggest suspending trading until after there are convincing drops and close under $ 4 our first targets of the bear or above $ 6, our intermittent resistance line and the highs of August 10th.
Litecoin technical analysis (LTC)
Litecoin daily chart of Trading View
Yesterday's high volume deviates from the main support and from the line of immediate support trend has founded our reasons for the long
So, as the statistics show, there were high trading volumes and a considerable bar that reversed the highs of August 14th but then the sellers came back. Although prices continue to be kept within historic lows of August 14, the bull's four percent yesterday of yesterday means that traders have returned to equilibrium mode.
In line with our previous LTC business plan, the suggested risk return ratio makes short items prohibitively prohibitive. This is the only reason why we have to wait for the right business arrangement before synchronizing with sales or having an optimistic view of price action.
For sales to be valid, our plan determines the sale when there are high volumes close to $ 50.
Stellar Lumens (XLM) Technical Analysis
From the news
- The odds are the platform of Jed Stellar will be focused through the third and fourth of 2018. Support this statement are recent developments such as rumors of Facebook that like indiscretions point out, those responsible for social media figures are eager to create their cryptocurrency. In addition, there are several products under development ready for launch. This could also increase the price, but for now Stellar Lumens has returned to the sixth thanks to the stagnation of the last week of 22 cents
Technical analysis
Stellar Lumens Daily Chart for Trading View
With regard to price action, it will be wise to negotiate according to our established rules and this means waiting to close definitively above 26 cents for significant longs.
On the back, sellers will be back after more than 10 days of apparent XLM strength.
To reiterate, any bending below 18 cents and the lows of 2018 would probably open the door for further reductions with the first targets at 15 cents and later at 8 cents.
Tron (TRX) Technical Analysis
From the News
- As reported earlier, the South Korean line is listing Tron in their new $ 10 million encrypted investment fund managed by Unblock Corporation. The company is the blockchain subsidiary of LINE and as a company with over 200 million users spread throughout South Asia, such news is an incentive for the crypto currency that suffers adverse winds.
Technical Analysis
Tron Daily Chart of Trading View
Although losses are minimal, TRX has dropped by three percent in the last day, the sellers are obviously in the front row. This projection is not far from our initial commercial plan of Tron and this is due to the fact that the bulls can not build enough momentum to overcome and close above the 13 August highs of 2.2 cents.
If the price action fails beyond this minor resistance line, then trading with the trend is the best option available to traders.
In that case, any refusal of higher maxima at around 2.2 cents and 2.5 cents represents a perfect entry point to sell shots with the first targets at the lows of January 24th.
IOTA (IOT) Technical Analysis
IOTA Daily Chart for Trading View
Despite the new markets, IOTA prices are stable fluctuating between bullish and neutral in 39; last day. As the daily chart shows, IOTA prices continue to be traded within historic lows of August 13 with strong support at 40 cents to prevent further losses.
In our previous IOTA business plans, our second bear target is 30 cents. This level would probably be hit if there were reversals and an interruption below 40 cents today or the weekend. Before that, we remain neutral but aware that sellers are responsible.
Disclaimer: The opinions and opinions expressed are those of the author and are not investment advice. Trading any form involves risks, as well as your due diligence before making a commercial decision.
