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A few days after the Chinese CCID, EOS ranks first in the technology, applicability and innovation rankings, the Chinese government has continued and outlawed cryptocurrencies and related businesses. This has taken the market by surprise and, even if there are no fluctuating price fluctuations, today we could see the lowest lows as investors try to understand how this would affect their holdings in coins. While this happens, EOS, Litecoin, Stellar Lumens and IOTA continue to cut last week's bullish attempts. In other words, all the coins in the top 10 are in negative territory, reversing the earnings of 17 August.
Let's take a look at the graphs:
EOS Technical Analysis
From the News
- Scatter will be available soon on the phone. The extension is a form of EOS wallet that allows users to log in without password and to easily interact with blockchain-based dApps without compromising the security of their private keys. In addition to being a channel for interaction with dApp, users can use the browser extension to manage their EOS keys and even vote for Block Producers.
Meanwhile @ Get_Scatter pic.twitter.com/zKfa64RH9H
– fav (@btsfav) 20 August 2018
Technical Analysis
![EOS Technical Analysis [19659011] EOS daily chart for trading view </em></p>
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<p> By losing two percent at yesterday's close, EOS price the movement and the business plan are more or less the same. </p>
<p> Not only are we trading in the historic lows of 17 August but prices are now under consolidation and will probably reach a lower level in the direction of the general trend. </p>
<p> For this reason, yesterday The EOS business plan remains unchanged and we suggest aggressive traders to sell at all higher levels in less time if there is a collapse below $ 4.5. </p>
<h2> Litecoin (LTC) Technical Analysis </h2>
<h3> From the News </h3>
<ul>
<li> Going forward, Revolut boasting 2.5 million customers all cashback in any of the 25 fiat currencies it supports or in Bitcoin, Litecoin, BCH and ETH . Users in Europe will receive 0.1% cash back, while non-European users will access up to 1% cash back. Crypto's cash back is only for those who plan card purchases, those that access Revolut premium services, personal travel insurance and personal concierge, or those who make global ATM withdrawals of more than $ 775 per month encryption. </li>
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<blockquote class=](https://s3.amazonaws.com/main-newsbtc-images/2018/08/22205710/EOS-Daily-Chart-Aug-23.png)
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– Revolut (@RevolutApp) 22 August 2018
Technical Analysis
Litecoin Daily Trading View Chart [19659012] If nothing else, LTC prices are everywhere, despite the clear sales trend. The odds of lower lows remain high but before suggesting trade in that direction, there must be signs from the chart.
For this to happen, we need to see the LTC sellers close below $ 50, our immediate support line and the second target level.
When this happens, LTC traders can synchronize with the trend. In the meantime, however, with a neutral approach until after a clear direction of prices in the short and medium term, the prints will be a superior commercial plan.
Stellar Lumens (XLM) Technical Analysis
Daily chart of Stellar Lumens for Trading View
With each candelabra sold that is printed in this time frame, XLM prices they are closer to our support trend line of less than 20 cents and the main sales line representing the 2018 lows at 18 cents.
Currently, Stellar Lumens is down 2% but from the risk standpoint none of our trading conditions have been met. As illustrated in our latest Stellar Lumens technical analysis, XLM sellers would synchronize with the main trend once there was a drop below 18 cents.
On the other hand, any close above 26 cents or 30 cents on the top edge would most likely usher in a wave of pressure propulsion prices towards 50 cents.
Tron (TRX) Technical analysis
From the news
- The Tron network has just hit another milestone: all 27 super representatives charged with validating and securing the Tron network is up and running after being been selected by the community. This could be a precursor to good things, as their TVM will be officially launched in less than seven days.
- Just as WhatsApp is planning to launch its P2P payment system, Tron's Seedit plan will do the same only being implemented via Twitter allowing users to send or receive TRX.
Technical Analysis
Tron Daily Chart for Trading View
Despite various user cases and chain developments, TRX prices are down five percent in the last day. However, even if TRX sellers appear to be in charge, our last exchange will remain true because all we need is a push and close above 2.5 cents that validates purchases and a large volume drop of less than 1 , 8 cents that cancels our recent bullish attempts.
this is the case, so in line with our latest TRX business plan, sellers would have to liquidate on every high with the first targets at the lows of January 19.
IOTA (IOT) Technical Analysis [19659041] IOTA (IOT) Technical Analysis ” width=”1280″ height=”1024″/>
IOTA daily chart for trading view
Our neutrals are still valid for this currency and while prices continue to fluctuate within the highs of August 17, chances are that sellers they can get an advantage below our minor support at 45 cents.
While it will not be a surprise considering the general bearish position of the last few months, that move would nullify our short-term upside-down statement and invite sellers who aim for our main target at 30 cents.
Disclaimer: Views 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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