Technical analysis Ethereum Classic (ETC), Stellar (XLM) and NEO (NEO) September 19 – Crypto Recorder



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Ethereum Classic (ETC)

Ethereum Classic (ETC) has achieved some significant gains over the course of the day. He pushed a minimum of $ 10.01 to a maximum of $ 10.80. Currently, it is in a range between $ 10.66 and $ 10.78. To trade on the Ethereum Classic (ETC), it would be prudent to expect a breakout, outside this range. If Ethereum Classic (ETC) continues to make gains and pushes above $ 10.78, and after the 55-day moving average at $ 10.83, it would make sense to go long with a $ 11 target. This is the next level of greater resistance on the 200-day moving average. A break above this level could see it rise to $ 11.30.

This is the next highest level of resistance in the day. On the downside, if Ethereum Classic (ETC) fails to hold over $ 10.66 and test $ 10.48 during the day, it is likely that it could be lower. In such a scenario, it would be better to go short, with a target of $ 10.15. This is the next level of key support in the day, one in which it may vary or eventually reverse. However, if market volumes fall, Ethereum Classic (ETC) could go around $ 10.81 and $ 10.64 for the next 24 hours. Volumes play an important role in supporting a trend, and if they are low, then a trend can not hold up, so the range is possible.

Stellar (XLM)

Stellar (XLM) has made significant gains over the past 24 hours, from a minimum of $ 0.192 to a maximum of $ 0.214. In the last 4 hours, Stellar (XLM) has gained over 5% an indicator that bullish sentiment is strong in this market. For those looking for a day trade in Stellar, it would be best to keep it until the price is based on a key support level, or consolidates above a higher level of resistance. For those looking to buy in Stellar (XLM), it is best to wait until the price does not exceed $ 0.214. This is the last maximum that hit and inverted in the last week, which makes it a strong point of resistance. Therefore, if Stellar (XLM) exceeds this price level, it would be a good time to go long, with a target of $ 0.228.

This is the next key resistance on the 200-day moving average of the 12-hour chart. On the downside, if Stellar does not break above $ 0.214, it would be best to go short, with a $ 0.199 target. This is the next level of support on the 200-day moving average, one that would make a low-risk exit point from a short intra-day position. However, if it breaks below this level, Stellar could lower and test a minimum of $ 0.190, the lowest price level of the week.

NEO (NEO)

NEO has achieved significant gains in the last 24 hours, pushing from a minimum of $ 16.21 to a maximum of $ 17.55. For anyone who wants to negotiate NEO (NEO), then it would be better to wait until NEO (NEO) consolidates and takes a break outside of a key support or resistance level. If NEO (NEO) pushes above the 200-day moving average at $ 17.78, then it would make sense to go long with a $ 19.0 target. This is the next key resistance level in the 55-day moving average of the 12-hour chart.

On the other hand, if the value of NEO (NEO) breaks below $ 17.02, then it would make sense to go short with a target of $ 16.42. This is the next level of key support, which would offer a low-risk exit point from a short intra-day position. It is also important to keep the price of Bitcoin (BTC) in mind. If bitcoin holds over $ 6,300, then a long entry holds the most promise for NEO and other altcoins. The opposite is also true. If he can not keep it, then a short entry would offer the highest promise.

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