For the first time in more than n days, the top 10 is green and two-digit printing right in the main support lines. Of course, in the last days, the support lines were melting, but the gains of Litecoin, IOTA, Tron and EOS are the advocates of steel coins. However, among the top 10, Litecoin stands out and we not only have a strong contraction of the lower double-bar lower down, but those good sales volumes cement our bullish vision.
Let's take a look at these graphs:
EOS Technical Analysis
From the News
- The recently released version 1.2.0 of EOSIO shows the publisher's intention to resize and improve the user experience. The improvements of MongoDB Plugin, for example, allow a scalable system and the convenience of querying data while the integration of External Community Extensions implies support for EOSIO SQL and support for ZeroMQ plugins.
EOSIO 1.2 Release https://t.co/vGLkdTIfYe
– EOS (@EOS_io) 15 August 2018
All in all, there is a suspension for the EOS hodler coin and that 12 percent gain is a moral booster for coin holders. In the graph, we have this nice three-bar inversion model with that bar of June 14th.
Accompanying this awakening of the price are high trading volumes and there should be a confirmation today, so I suggest opening up shorts and watching the stock price.
However, while it may seem perfect to recommend long ones, the trend is overwhelmingly overwhelming, which suggests counterproductive.
The only time we would be sure of our long runs is when prices exceed 10 years at $ 6. Next, we will use long stopping times at $ 5 and first targets at $ 9, the upper limit of recent consolidation
Litecoin (LTC) Technical Analysis
It is interesting to note that Litecoin's prices have increased by 13% and with that abnormal price expansion, considering the deep liquidity of the seventh most liquid currency, we could witness a reversal of the dredgers.
First of all, we note that we now have a double model of bullish inversion that is formed starting from the lows of the fourth quarter of 2017, as evidenced by our previous Litecoin analysis. Then, secondly, not only was August 14 approached like a pin bar with longer wicks signaling a high pressure of purchase, but the last two candlesticks had high trading volumes, which means that there is support for Charlie Lee, Litecoin Foundation and hodlers in general.
the confluence of these technicians that I recommend to buy Litecoin at spot price with stops at yesterday's lows at $ 50. The immediate resistance at $ 70 should be our first bull target that breathes life to traders.
Stellar Lumens Technical Analysis (XLM)
Stellar Lumens is among the best in the top 10. Jed Mac Caleb is the most great in the world and has been effective in repelling bears.
In fact, by controlling the past six candlesticks, XLM prices have been tightly consolidated at the back of high volumes along 22 cents with the double uptrend reversal to below the lows of 2018 at August 8 and 9 losses at the limit.
However, since our trading conditions have yet to be met in line with our previous Stellar Lumens business plan (XLM), we will maintain a neutral approach now that our stops were hit yesterday.
Tron (TRX) Technical analysis
From the news
- BitBox is the last exchange of cryptocurrency to support available for T ron (TRX).
#TRON will be listed on @bitbox_official a global cryptographic exchange of @LINE_Global that provides a reliable platform for merchants to buy and sell liquid digital currencies important. BITBOX emphasizes the user's experience and complete support. #TRX $ TRX pic.twitter.com/vezRFs7Ci3
– Justin Sun (@justinsuntron) 15 August 2018
Like the rest of the coins under our attention, Tron is back in the green press of 15 percent in the last day while the injection of momentum helps oil buyers who had been pushed aside
From the chart, buyers have the ability to reverse recent losses, but before suggesting the upstream trading and trading, we have to see high volume pressures above maximums of 13 August of 2.2 cents.
Ideally what we would like to see technically are high volumes in the region of 25 to 30 million to stabilize TRX prices.