Judging by the way the chandeliers are arranged, the altcoins seem to tap the loot, averaging six percent in the last week. The recovery in this recovery is the recovery in Bitcoin prices, which has increased by 9% in the last week and the chain developments that have attracted the demand to Tron and Iota. Stellar Lumens on the other hand is flickering oscillating within a descending wedge with limit earnings of 25 cents.
Let's take a look at these graphs:
EOS Price Analysis
From the news
- dApp by Dan Larimer and smart bargaining platform continues to outperform. Recently, during the Blockchain World conference in San Jose, California, the platform was declared the best blockchain platform of the year. This happens only a few weeks after the Chinese CCID nominated the best blockchain platform of the month for the fourth month in a row.
Although there was a slight decline in the momentum visible from yesterday's price action, the EOS bulls continue to dominate by adding 33% in the last week alone.
While risky traders can accumulate long on dives in shorter times during synchronization with the general bull pressure, we recommend patience until there is a definitive closure above $ 7, our immediate resistance line in line with our latest EOS plan.
Stops should be at the highs of August 17th at $ 5.5 with the first targets at $ 9, the upper limit of our latest commercial range.
Litecoin Price Analysis (LTC)
17 percent profit in the last week means LTC is strengthening our bullish position. What is important, however, is the way in which the action is set on prices and in this case we highlight the bullish candelabra of September 1, a technical confirmation of the bullish candlestick of August 17 and a trigger of our long expectations .
at $ 55 and the $ 70 targets are active, conservative traders should wait until there is clear evidence that the most recent highs are a new $ 70 test or a new wave of bulls reversing the pressure of the last month.
especially if this weekend closes bullish above $ 80 or $ 90 on the upside.
Stellar Lumens (XLM) Pricing
After lance reversing the altcoin inversion at the beginning of August , Stellar Lumens is nothing short of wobbly. Currently, prices are still trading in a decreasing wedge with support at around 20 cents – our monthly support trend line and 25 cents on bullish tapping gains.
Given the recovery in the altcoin markets and, above all, BTC, probably there is an underestimation in the XLM and that is why we suggest buying once there is a break above 25 cents with goals at 30 cents and 50 cents later.
Undoing this hawkish projection is any move that will violate the monthly trend line towards 20 cents and 18 cents in line with our previous XLM analysis.
Tron price analysis (TRX)
From the news
- In an effort to trigger community participation, the Tron Foundation announced a new initiative that rewards users for voting for their Super Representatives.
Technically, the chances of TRX increase during the week. In the weekly chart, there is a nice three-bar inversion model, the Morning Star and although the last five days the price action has been varied, any violation exceeding the week ending August 12th at 3 cents will be indicative of a growing market and a shift of increasing the amount of bull. Thanks to the events of last week, we recommend the longs with stops at the lows of August 27 at 2.2 cents and first targets at 3 cents and after 4 cents.
IOTA Price Analysis (IOT)
From the News
- Set for launch in 2019, IOTA and Volkswagen are working on a new product, Digital CarPass.
As TRX, the IOTA is slowing down, but the product will be based on the IOTA blockchain for the storage of data for security and reliability purposes. prices are still moving up by 27 August high in a downward triangle which means our last commercial IOTA plan is active. Since the general thrust is bullish, we suggest taking longs in shorter times with a stop at 60 cents – 17 August maximum and first targets at 90 cents and then at $ 1.3
Disclaimer : This is advice and opinions on investments do not represent that of the author. Do your research before making an investment decision.