Although the bears have slowed down on the last day, the quarters are ready for further losses in the coming days. Everything has to do with the September 5 candelabra that refuses higher highs often around key resistance levels. Since altcoins such as EOS, XLM and Tron are still moving into an eight-month consolidation, trading with the trend will be a natural step forward.
Let's take a look at these graphs:
EOS Price Analysis
Yesterday was a bit stable for EOS prices and while the fundamentals of the moving market are scarce after the September 5 price crisis, this fall never ends. From previous EOS business plans, traders would have to unload at every high in a shorter period of time with a stop at around $ 6. This is because placement will stop at the highs of September 5, even if it is safe, does not justify the most earnings for those targeting $ 4. However, considering bears strong, traders planning to place stops at $ 7 should instead aim for around $ 1.5 to convert a 1: 2 risk ratio
Litecoin (LTC) Analysis prices
Judging from yesterday's trading plan, sales traders are in the front row driving Litecoin towards the recent support for $ 50. Even if we foresee further losses, yesterday's slowdown cuts in the market, so like yesterday , our Litecoin business plan is true. This means increasing the zoom to reduce the time, sellers should look for an excessive rating and short on each high with the first targets at $ 50 and subsequent $ 30.
Stellar Lumens (XLM) Price Analysis
After consolidation-distribution periods, Stellar Lumens prices are yielding to the general trend of the highlands. Not only sellers are now in charge after periods of a limited range market just before the playoff in the final section of the wedge, but chances are that XLM will fall below 18 cents for traders-conservatives and aggressive to download at spot prices with the first targets at 8 cents. It is on this forecast that we suggest to shorten to spot prices and to synchronize with the general tendency of the bear.
Tron price analysis (TRX)
From the news
- Binance announced a TRX commercial competition. Once completed, 1 million TRX coins will be distributed to winners from around the world, although a verification for the participants would be required. Apart from that, they need to create volumes of over 300,000 TRXs during the competition.
Even if lukewarm, the collapse is active. At current prices, TRX is down 5% and continues to trade under the bullish flag that was canceled on 6 September. Despite Tron's efforts to encourage market participation and chain development, the bears seem insatiable.
That's why our recommendation our previous emphasis on TRX trading is to sell at all the highest levels in terms of shorter time with targets at the lows of January. A second look at the daily chart shows that any break below the August lows would probably stimulate the next wave of sales that drive prices towards our penultimate targets for bears.
IOTA (IOT) Price Analysis
From the News
- Engie Lab Crigen, one of the largest technology companies in Denmark, is on board the IOTA partner list. The company plans to use IOTA's Tangle in its innovative IoT domains and in the intelligent energy ecosystem. Engie Group is a major player in the energy sector and Crigen is their R & D wing; it seems appropriate that IOTA technology would naturally be beneficial to them.
Yesterday's highs should be another opportunity for sellers to download at better prices. As mentioned before, the recovery of IOTA is nothing new and synonymous with periods of extreme volatility. In any case, traders should download at most within a shorter period of time as long as the prices are exchanged within the candelabra. The first targets are caught at 30 cents as per our previous quotations
Disclaimer : This is not an investment advice and the views represent that of the author. Do your research before making an investment decision.