Perhaps the community is coming to terms with the effect of the heavy BTC short films on September 1 and the reactivation of an inactive BTC portfolio that surprisingly started downloading BTC for fiat on different platforms shortly thereafter. If we can connect it to yesterday's clip of the bull's wings of BTC or not, it is clear that the altcoins are suffering. There is an enlargement of their losses with Tron (TRX) and IOTA (IOT) recording an average loss of 13% on the last day alone.
Let's take a look at these graphs:
EOS Price Analysis
In what could be definitive for EOS for all this & # 39; ; year, there was an incredible refusal of higher highs to our immediate resistance line at $ 7.
about $ 7 is only a solid confirmation of the sellers' intention and a signal for traders to abandon their former purchase dealers set in motion by the buying efforts shortly after prices have surpassed the highs of 17 August.
If anything, EOS sellers are back and yesterday's price slump is just a perfect signal for traders to start short films at current prices with the first $ 4 goals. All of this is due to the high yesterday's volume that accompanies this rapid depreciation. Safe stops should be at $ 7, our lower limit resistance level as mapped in the daily chart now that prices return to the eight-month bear trend.
Litecoin Price Analysis (LTC)
From our previous LTC business plans, we prudently considered that the recent Litecoin gains a retest more from how prices were printed in the daily chart. The weekly charts were clearly bearish – they always had and our overall trading plan was based on last week's price confirmations during this week.
All in all, it's an absolute extra disappointment due to that clear confirmation of the failure of the off-strategy bear on June 10th and August 10th. So as it is, yesterday's $ 70 bear bearing model confirms the upturn in the bear trend and the completion of another retroceration phase while sellers look at $ 50 and lower. For this reason, we suggest shortening to spot rates with arrests at $ 70.
Stellar Lumens (XLM) Price Analysis
A USDT part -which is on demand due to the capitulation of altcoin, Stellar Lumens prices are relatively stable while reflecting the general trend of the market. It has dropped six percent, which is quite low.
Aside from price declines, market share is noticeable and with a sharp increase in lower volume push prices, traders can start downloading XLMs in shorter times with safe arrests at 25 cents.
On a conservative basis, risk traders are free to trade once prices break 18 cents of 20 cents and if so, immediate goals should be 8 cents in line with our previous Stellar analysis Lumens (XLM).
Tron (TRX) Pricing analysis
From the news
- Tron is now available in Abra
- Justin Sun has announced a new web portal for BitTorrent.
Like most of the coins in question, it seems that the retest phase is over after the 14% drop in yesterday.
That's not all, the TRX bears broke below the bull's flag of the last two-week bullish recovery in the etest phase. It is along this line that the bears seem to be in charge and trade with the trend is prudent. Recommended by similar historical models, TRX prices could stop today and even recover.
If they were to rise and buyers tried to reverse yesterday's losses, traders could find better business opportunities to shorten these setbacks. The objectives of the ambitious bears remain unchanged as indicated in our latest commercial plan TRX
IOTA price analysis (IOT)
A single bearish swallowed bar candlestick has not only canceled the last eight days of weak buying pressure, but has pushed IOTA prices to the highs of 17 August. This is the 50 cents to 55 cents level which has formed the basis of our latest IOTA optimism.
While it seems likely that prices could slip further, today, the level can be a good trigger for bears aiming for 30 cents coming in daytime. In general, however, we recommend short films and as long as BTC does not recover, sellers should be in charge.
Disclaimer : This is not an investment advice and the views represent that of the author. Do your research before making an investment decision.