Mini Update !! (E3 Gaming + Crypto, Ethereum, EOS)
EOS, Litecoin, IOTA, Stellar Lumens, Tron Technical Analysis: Altcoin Sellers Struggling to Reverse Last Week’s Gains
EOS, Litecoin, IOTA, Stellar Lumens, Tron Technical Analysis: Altcoin Sellers Struggling to Reverse Last Week’s Gains
Days after the Chinese CCID said EOS top the charts on matters technology, applicability and innovation, the Chinese government went ahead and outlawed cryptocurrencies and related business. This caught the market off guard and though there are no wild price swings, we might see lower lows today as investors try to digest on how this would affect their coin holdings. As that happens, EOS, we might see lower lows today as investors try to digest on how this would affect their coin holdings. As that happens Eos Use Cases , Stellar Lumens and IOTA continue to clip last week’s bullish attempts. Simply put, all coins in the top 10 are in the negative territory reversing Aug 17 gains.
Scatter will soon be available in mobile. The extension is a form of EOS wallet that allows users to log in without passwords and easily interact with blockchain based dApps without compromising on the security of their private keys. Besides being a channel for interaction with dApps, users can use the in browser extension to manage their EOS keys and even vote for Block Producers.
By shedding two percent by close of yesterday, EOS price movement and trade plan is pretty much the same.
Not only are we trading inside Aug 17 high lows but prices are now in consolidation and likely to edge lower in the direction of the overall trend.
remains unchanged and we suggest aggressive traders to sell on every high in lower time frames more so if there is a collapse below $4.5.
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If anything, LTC prices are all over the place despite the clear sell trend. Chances of lower lows remain high but before we suggest trades in that direction, there must be signals from the chart.
For that to happen then we must see LTC sellers closing below $50, our immediate support line and second bear target level.
When that happens, then LTC traders can sync with the trend. In the meantime though, taking a neutral approach until after a clear short to medium term price direction prints will be a superior trade plan.
With every sell candlestick that prints in this time frame, XLM prices edges closer towards our minor support trend line at 20 cents and main sell trigger line—representing 2018 lows at 18 cents.
Currently, Stellar Lumens is down two percent but from a risk on point of view, none of our trade conditions have been met. As laid out in our last
, XLM sellers would be syncing with the main trend once there is a dip below 18 cents.
On the other hand, any close above 26 cents or 30 cents on the upper edge would most probably usher in a wave of buy pressure propelling prices towards 50 cents.
The Tron network just hit another milestone—all 27 super representatives tasked with validating and securing the Tron network are up and running after being selected by the community. This might be a precursor for good things as their TVM will be officially launching in less than seven days from now.
Just like WhatsApp are planning to launch their own P2P payment system, Tron’s Seedit plan to do the same only that this will be implemented via Twitter allowing users to send or receive TRX.
Despite various user cases and on-chain developments, TRX prices are down five percent in the last day. However, though TRX sellers seems to be in charge, our last trade will hold true because all we need is a push and close above 2.5 cents validating buys and a high volume dip below 1.8 cents cancelling our recent bullish attempts.
If the latter is the case, If the latter is the case Eos Use Cases
, sellers should liquidate on every high with first targets at Jan 24 lows.
Our neutrals stand still holds true for this coin and while prices continue oscillating within Aug 17 high lows, Our neutrals stand still holds true for this coin and while prices continue oscillating within Aug 17 high lows Eos Use Cases
Though it won’t be a surprise considering the general bearish stance of the last few months, that move would cancel our short term bullish assertion and invite sellers aiming for our main bear target at 30 cents.
Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
EOS, Litecoin, IOTA, Stellar Lumens, Tron Technical Analysis: Altcoin Sellers Struggling to Reverse Last Week’s Gains
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