THELOGICALINDIAN - NEOUSD TECHNICAL ANALYSIS
From the charts, it is accessible to acquaint that buy burden is still high. After 01.10.2024 bound amount range, amount assuredly bankrupt and bankrupt aloft $35 but concluded up with an astern bang which recorded highs of $39.50. Evidently, the move up is accurate by deviating %k and %d and a addiction of amount action-candlesticks in this case-to bandage and hug forth the high BB. With a absence 2% deviation, about 95% of all amount activity is captivated aural the BB and anytime there is amount activity forth either band, again chartists can achieve as able momentum. In this case, the bullish drive is able and it is apparent by volumes spikes-977K- aloft the 20-period averages of 916K. In ablaze of this breach aloft $35 and aggregate spike, our actual balderdash ambition and additional akin of attrition of $45 abide unchanged. Refer Figure 1: NEOUSD-Daily Chart-03.10.2024 (above)
DASHUSD TECHNICAL ANALYSIS
In 5 canicule of abiding declivity and whipsaws, sellers are calmly in charge. From that attrition trend band at $360, amount is now testing $310 accepting burst and bankrupt assuredly beneath accessory abutment at $320. You can additionally see that bland animation from the high BB after21.09.2024 and 27.09.2024 highs of $370. Yesterday’s advertise advocacy is still accurate as stochastics are bearish with amount activity beneath 20 and 50-period MAs. This agency that, over 3 trading days, bears accept burst and bankrupt beneath three key abutment levels about $310-$325. In ablaze of this and bold this barter goes according to our forecast, sellers should aim for the abutting abutment akin at $270 with ideal booty accumulation placed at June-July highs of $220.
IOTUSD TECHNICAL ANALYSIS
So, afterwards 02.10.2024 bankrupt as a bear, a archetypal 3 buck changeabout arrangement capped with academic advertise arresting was formed. It is bright that the aboriginal akin of attrition at $0.65 was cogent and should there be added amount dips, the accession breadth at $0.40 and 04.09.2024 and 15.09.2024 lows about $0.36 should be our actual booty accumulation levels. Therefore, as continued there will be no added surges aloft $0.65, sellers should attending for abbreviate entries in the lower time frames. Conservative stop losses should be aloft attrition band at $0.65 while aiming for a accident accolade of 1:3 or more.
MONERO-XMRUSD TECHNICAL ANALYSIS
There are a brace of buck soldiers affective alongside the 3rd leg of the M-Formation alike as yesterday’s candlestick closed. As acclaimed yesterday, $107 beam and bifold top was followed by a nice animation lower. Because of this, actual buck targets abide banausic at $81 and consistent abutment levels. Bears should add to their abbreviate positions alike in lower timeframes.
NEMUSD TECHNICAL ANALYSIS
Risk-averse traders should delay for a bright breach beneath yesterday’s abutment trend band of $0.21 afore initiating abbreviate trades. By shorting at those levels, amount activity would accept accepted our predisposition of a buck trend should amount abutting beneath the lower ambit of our advertise area apparent at $0.23. After yesterday’s candlestick activated the 50 aeon MA, advancing traders should admit shorts today with stop losses aloft $0.25. Immediate booty profits should be at $0.20 and $0.16.
