Litecoin, EOS, Lumen stellari, Tron, IOTA technical analysis


Although altcoins is finding a suspension after the rapid depreciation in the middle of this week, the fact that most is trading at the lows of 2018 as IOTA, Litecoin while some as EOS and Stellar Lumens are testing an important support line means that the market could add to losses in the next days / weeks. However, there are potential potential increases especially if the SEC makes a favorable decision on the ETX VanXck SolidX Bitcoin – the reason behind the recent market fracture

EOS Technical Analysis

  EOS Technical Analysis

EOS Daily Chart by Trading View [19659005] Two days of high trading volumes and trading days, EOS prices plummeted below intermittent support and we sold the trigger line on August 7th and August 8th.

On a weekly basis, there has been a 22% drop in prices and as expected, confirmation of such events is usually not accompanied by high volumes or trading ranges.

In reality, prices tend to withdraw and slip into a consolidation with the confinement of the price inside to break the lows. It was almost the case yesterday as we could see a slowdown. In any case, our EOS business plan is intact and we recommend selling EOS on pitches with an ideal maximum limit of $ 7.

The first targets are the lows of 2018 for $ 4 and any depreciation of less than $ 3 from to test. [19659002] Litecoin Technical Analysis (LTC)

  Litecoin Technical Analysis (LTC)

Litecoin Daily Chart for Trading View

News about coins is scarce and while traders digest last two days losses, Litecoin bears are now trading below $ 70, our main support line.

So, in line with our latest technical analysis Litecoin (LTC), the best approach here is to sell on any withdrawal back $ 70 with goals as mentioned in our previous business plan.

Remember, if LTC were to find support, appreciate over $ 70 and in our previous trading interval, stopping in the process, we will return neutral.

As before, the upper limit of $ 90 is important for our analysis since the bulls should push on it then the current bear b

Stellar Lumens (XLM) Technical analysis

  Stellar Lumens (XLM) Technical Analysis

Stellar Lumens Daily Chart of Trading View

With that downward push that cancels our stellar lumens (XLM) projection of the bull on August 8, the odds are that we could see XLM go down to the lows of 2018 in the coming days.

Although we expect this to happen after XLM prices fall or even retest 22 cents, traders should find selling opportunities with recoveries at 22 cents and 25 cents, our sales area.

On the other hand, conservatives could find better trading opportunities once there is a break below June and 2018 lows anywhere between 18 cents and 20 cents as stated in our past Stellar Lumens trading plan (XLM).

In both cases, the ideal XLM lens is at 15 cents and later at 8 cents.

Tron (TRX) Technical Analysis

From the News

  • Crypto Girls, SR to the Tron Network is now part of HummingPay

Technical Analysis

  Tron (TRX) Technical Analysis

Tron Daily Chart by Trading View

While it is clear that TRX sellers are unleashing, the fact that the bear breakout model was launched on June 10 has been confirmed is not at all useful for bulls.

In fact, we expect further depreciation and that is why, according to our latest TRX trading plan, we have suggested stopping some profits and shifting the ideal profit targets to the January lows to $ 0.000052.

It's tiny yes but well, the TRX was once valued at that level before the quick first-quarter earnings at 10 cents in the second quarter of this year.

IOTA (IOT) Technical Analysis

From the News [19659025] C & # 39; is a trendy post on Reddit about how Curl-P of IOTA is just a sieve and vulnerable to attack. I suggest that you take a look at this and draw your own conclusions: it was in the IOTA under-income for a few hours.

Technical analysis

  IOTA analysis (IOT)

IOTA daily chart for trading [19659005] Following the taste of Litecoin, XRP and a number of other high liquidity high-cost, IOTA is down 30% for the week and trading at the lows of 2018.

At current spot rates, we found a decrease in volume of less than 90 cents confirm that on 12 June the rodents have beaten the set, while IOTA sellers are back in fashion.

Now, considering all these factors, including the general cryptic sentiment, we recommend the possibility to retreat with arrests at the highs of August 8th at 72 cents and first goals at 32 cents.

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.

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