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Apart from the IOTA, which on paper seems to outperform colleagues who add 15% in recent days, other coins such as Tron, Litecoin and Stellar Lumens are on average around two percent. Of all the coins though, Stellar Lumens (XLM) is the most stable since they horizontally consolidate along our previous 22 cents trigger line. On the other hand, the prices of Litecoin, EOS and Tron are still fluctuating within the minimum lows of 17 August but they will probably follow and test the immediate resistance lines respectively at $ 70, $ 7 and 2.5 cent.
Let's take a look at these graphs:
EOS Technical Analysis
From the news
- Huobi Global resumes the withdrawal of EOS after a previous suspension citing insufficient CPU resources.
The withdrawal of EOS, ADD and IQ has restarted. We apologize for any inconvenience caused. #HuobiGlobal $ EOS $ ADD $ IQ @EOS_io https://t.co/zY8qRMBof4
– Huobi Global (@HuobiGlobal) August 19, 2018
Technical Analysis
EOS Daily Chart for Trading View
Two days after the conclusion of that three-bar inversion model mentioned in our latest exchange plan EOS, excess prices are unexpectedly limited.
Note that EOS prices are still consolidating by August 17 upward at high levels, but they will likely come up this week by providing opportunities for short traders to charge positions at $ 7, our immediate resistance
Remember that In spite of these higher peaks, bears are mainly responsible considering the last two or three months of tendency.
Litecoin Technical Analysis (LTC)
Even after adding three percent in the last 24 hours, It is safe to say that Litecoin is finishing the week high, but sellers still dominate the procedures.At the current spot prices, LTC is trading within the historic lows of August 17 providing a perfect opportunity for longtime traders to add to their positions with a stop at $ 50 or the lows of August 14.
In my opinion, I recommend to aggressive operators to take a small position in the long run with stop as suggested while conservatives and risk on traders can wait for rejection higher highs anywhere between $ 65 and $ 70 on the upside, in line with our previous business plan cial LTC, the sellers are in charge and since the action on prices is exchanged inside a bear break-out model put in place by 10 June candle holders and confirmed by 7 August at the below the main support at $ 70, any form of price reduction
As such, if there was a rejection in our immediate resistance line with a pattern print involving the bear, then sellers should synchronize better with the price by placing the shorts with a stop at $ 70 and the first targets under $ 50. [19659003] Technical analysis Stellar Lumens (XLM)
Daily chart Stellar Lumens (XLM) for Trading View
Although Stellar Lumens has increased by two percent in the last 24 hours ending the week in the highs, the price is still moving horizontally in a 22-cent consolidation. With this movement, our previous XLM business position is true and we will maintain a neutral vision until our trading conditions are met.
This means that, once prices are above 26 cents, recommend doing long on dips while going down to less than 18 cents-20 cents support line means that sellers should synchronize with the trade and start negotiations on shots with the first 8 cents targets.
Tron (TRX) Technical Analysis
From the News
- In an attempt to further decentralize the coin, Tron has awarded 121 translators with 171,000 TRX, which means that Tron is now available in 33 different languages.
Technical Analysis
Tron Daily Chart by Trading View
Like most of the coins under our review, the trend is overwhelming, but even in the middle of these bears , there were attempts to purchase towards the end of last week.
At the moment, however, buyers are finding resistance and, as is normal with such revivals, we expect higher highs from our first resistance level at 2.5 cents.
However, if sellers were to overtake these buyers and push prices below the lows of August 14 to 1.5 cents, these attempts to withdraw and purchase in the short term would be nil.
we will recommend selling at the end of this burst candelabra and keeping the goals of our latest Tron business plan.
IOTA (IOT) Technical Analysis
Daily IOTA Graph for Trading View
Statistics show that IOTA has increased by 15 percent in the last 24 hours at the time of printing. However, another eye on the chart and it is easy to see that price movements are limited to say the least.
Not only do IOTA prices move within 17 August, but yesterday's bulls have not canceled the recent highs at 60 cents. In any case, our position is bearish and for buyers who cement their intentions we must see high volume gains above 70 cents.
If not and sellers continue to curb bullish momentum by reversing the last gains of four to five days, then we will synchronize with the main trend and sell after the candlestick affirmation with the first 30-cents targets.
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 trading decision.
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