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Despite stable prices in some altcoins like EOS and Litecoin, most of the coins under our review have yet to recover. For example, IOTA is the biggest loser of the past week, losing more than 50% on a weekly basis and falling 12% on the last day. Tron (TRX) is also falling. The bad thing though is that with every minimum, sellers are pushing prices towards oblivion. Yesterday's only bright spot is Stellar Lumens (XLM), which has increased by seven percent and will most likely stabilize until Facebook's rumors continue to accumulate.
Let's take a look at these graphs:
EOS Technical Analysis
From the news
- There is a development in the EOSIO ecosystem and with EOSfilestore dApp, the EOS token holders do not need to install anything before use. The dApp provides an easy way for coin holders to upload and download files directly to the EOSIO blockchain. All transactions take place through the EOS Scatter portfolio and security is guaranteed because the EOSfilestore website never has access to the private keys of the owner of the currency.
Technical Analysis
EOS Daily Chart by Trading View
Regardless of the price optimism that the last two candelabras can bring, we must realize that EOS is technically in decline. Notice that while the last two candlesticks are bullish and move within a very narrow beam, they are completely confined to the interior of the 11th auger bear.
So, if anything, this depicts a pleasurable effort against a performance scenario where sales pressure is taking over, making it difficult for higher highs unless, of course, there is a marked increase in trading volumes that it eclipses that of the last days. Because it is steep for shoppers, the spot price sale stops at $ 5.5 and brings targets to $ 4
Litecoin (LTC) Technical Analysis
Litecoin Daily Chart of Trading View [19659009] Although Litecoin is down 20% on a weekly basis, prices have been somewhat stable over the last 24 hours. Considering our general business plan, which is dictated exclusively by bears, we will insist on our earlier claims that recommend shorting LTC to current spot prices with a stop to $ 65. As before, the first targets are at $ 50 and then the lows at $ 30-Q3 2017 should maintain persistent pressure.
Stellar Lumens technical analysis (XLM)
Luminous stellar daily chart of Trading View
Regardless of our strong interest in sellers, Stellar is the currency with the best performance in the top 10. Not only have the bulls pushed prices above 22 cents – our previous purchase – but there have been convincing reversals of losses on 8 August. However, this does not scream to buy.
Instead, sellers should look for liquidation points until Stellar Lumens (XLM) prices are traded below 26 cents set by the lows of that high-volume candelabra on July 31st. However, should there be any breach of this, any close above the 30 June highs at 30 cents – our main trigger line and double maximum – would introduce buyers who aim for 50 cents.
It's a high order and not a long shot anyway- Stellar is vibrant mainly supported by Facebook news, but before all that happens, we're bearish with conservatives in particular waiting for prices to fall below 18 cents before loading shorts with targets at 15 cents and later at $ 8 cents.
Tron (TRX) Technical Analysis
From the news
- You can now buy items on Amazon, Walmart, Google Express and many others via Bitcoin Superstore using Tron (TRX).
Technical Analysis
There are a lot of coin-centric information in support of Tron, but still the native currency continues to decrease to sink by two percent on the last day, for example On a weekly basis, TRX is down 23% and has perched off the top 10 with a market cap of $ 1.46 billion.
Regardless, TRX buyers should gather enough momentum to reverse these bears and print over 2.5 cents before thinking about going long on our latest Tron technical trading plan (TRX).
Furthermore, this increase should be accompanied by high trading volumes that usurp the last days of trade averages that show buyers intentions meanwhile, we recommend shortening to spot rates with targets at the lows of January 24.
IOTA (IOT) Technical Analysis
Daily IOTA Chart for Trading View
The Broken Below 90 cents have been cataclysmic for IOTA and exacerbating the situation there are questions about Curl-P, the IOTA hashing algorithm.
However, by towing with the bears, IOTA slides 40 percent a week a week and the inability to recover in the last day. nine percent in the process.
Like all other IOTA (IOT) technical analysis in the last two weeks, moments after the one that breaks below the 2018 lows at 90 cents, we will have to negotiate with the path of least resistance, selling at the current current price with stops at 65 cents and punched targets at 30 cents.
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.
