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The cryptographic market is back in loss territory and while Tron (TRX) and EOS are leading the loss with a decline of 8% on the last day, the bitcoin domain rises by three percent to 48 percent. In both cases, judging from the chart, it seems to be a disappointment for Tron's investors (TRX). As such, sellers are likely to enter and lower prices.
Let's take a look at these graphs:
EOS Technical Analysis
From the News
- Eva, a new ride sharing app that plans to compete with Uber and Lyft, will be launched on EOS . Critics doubt the feasibility of the project and, if so, must be decentralized.
Eva is a decentralized Uber to start on https://t.co/ZVFwD5X9CT. #Blockchain #blockchaintechnology #EOS #eosio https://t.co/RMcNbxLoqp
– Everipedia (@Everipedia) July 30, 2018 [19659011] Technical Analysis
As illustrated above, EOS is technically negotiated within a bear breakout model and if we take a step back we realize that $ 9 is not just a buy trigger but the previous support now resists.
Anchoring this view is June 22nd, bringing the candle below $ 9 and triggering sales pressure. In my opinion, on July 30th, July 9th and June 22nd, chandeliers are trendy pointers. Therefore, the best approach is to wait for the closing below $ 7, our sales line and sell with all the arrears with general objectives to $ 4.
It is easy to understand why: all the candlesticks sold have very high volumes. In addition, they have a wide range of trading by canceling the bullish attempts.
Litecoin Technical Analysis (LTC)
From the news
- HTC Exodus is the first smartphone that will be specifically designed to run dApp while maintaining high-level security. The co-founder of Litecoin, Charlie Lee, will be the main consultant of HTC on the project to be launched in the fall. According to Charlie, the phone will support LTC and LN. However, there are solid plans to integrate BTC and Ethereum.
He met the HTC Exodus team last week and was really excited to hear that the phone will natively support LTC and Lightning Network on Litecoin! I'll be a consultant because I see that having a secure crypt phone that makes LN simple is necessary for mass adoption.
P.S. No, they will not remove BTC. https://t.co/WQcygPVst0
Technical Analysis
Litecoin Daily Trading Chart View
Like any project, mass adoption is good news and once LTC becomes mainstream, its evaluation will be sky rocket.
In the meantime, however, litecoin (LTC) buyers are having a hard time taming sellers. It has dropped four percent on the last day, but sellers have to close convincingly below $ 80.
If this happens today, they risk starting to charge traders with $ 80 arrests with the first targets at $ 70 and after $ 50.
On the other side of the coin, conservatives are on the sidelines in waiting for breakout. Any violation greater than $ 90 cancels this bear breakout set by the June 10 sellers. Meanwhile, the collapse below $ 70 confirms that the bear broke the model and reported to the bears to enter.
The first general objectives in both cases are respectively $ 110 and $ 50
Stellar Lumens (XLM) Technical analysis
Daily chart of the lumens of Trading View [19659025] We are overly bullish on Stellar Lumens and maintain our previous Stellar Lumens (XLM) business plan. Regardless of this, I recommend that buyers get out of their XLM longitude and wait for correct entries at around 22 cents.
Even if prices are rejecting higher highs, aggressive XLM traders can start selling at current spot prices with stops above 30 July at 32 cents.
Due to the general pressure of the bear, the first targets would be the breakdown level at 22 cents. On the other hand, the driving price pressure below 20 cents or lows in June 2018 will effectively cancel our initial purchase of Stellar Lumens (XLM).
Tron (TRX) Technical Analysis
From the News
- The awaited highly anticipated secret project is Atlas. It is a fusion of BitTorrent and Tron protocol with the goal of making BitTorrent faster, more competitive and integrated into the Tron ecosystem.
@Tronfoundation has never declared a "Secret Partnership" is a "Secret Project". "
The Atlas project will develop the ecosystem of the network #TRON . pic.twitter.com/RjKb0Kllfd
– Tron News 特伦 新闻 (@TronNews_) 30 July 2018
Technical analysis
Tron Daily Chart of Trading View
The secret project was not received well and with a decrease of seven percent, our stops were activated.
From a technical point of view, this refusal occurred at 4 cents: our immediate resistance line like that of the past Tron (TRX) technical analysis, because of this, the chances are that the sellers will come back and synchronize with the bear's previous one fixed by the candlestick on June 10.
The first target of the bear is 2.5 cents with stops at 4 cents, although conservatives should come in when prices fall to below 3.2 cents and lower limit of this in 1 cent trading range
IOTA (IOT) Technical Analysis
Daily IOTA Chart for Trading View
In our previous IOTA analysis, we had recommended aggressive, risk to traders to start long with stops at 90 cents. However, considering these series of lows and the failure of buyers to exceed $ 1.3 or even the highs of July, it is likely that the bears of June 12 will emerge once again higher and exceed 90 cents.
So with regards to yesterday's development, it is better to return to the neutral position and wait for the exit in both directions before trading. If IOTA sellers drive prices below 90 cents, we suggest liquidating the IOTA with the first targets at 65 cents.
On the contrary, any violation and closure over the July high will determine the possibility of a new test of 2.5 cents in line with our last commercial IOTA plan.
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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