Altcoin Analysis for 26-09-2024: NEO, DASH, IOTA, XMR and NEM
technical analysis

Altcoin Analysis for 26-09-2024: NEO, DASH, IOTA, XMR and NEM

THELOGICALINDIAN - NEOUSD TECHNICAL ANALYSIS

Major attrition trend band was burst on 24.09.2024 and accepted bygone back that bullish candlestick was printed. It is additionally accessible from stochastics behavior that beasts are entering the bazaar with bright buy signals aboriginal printed on 15.09.2024 and afresh afterwards yesterday’s close. I’m bullish and my aboriginal ambition will be abutment angry attrition at 34.00, and again 45.00 if the beasts access their momentum. Refer Figure 1: NEOUSD-Daily Chart-26.09.2024 (above)

DASHUSD TECHNICAL ANALYSIS

For seven beeline trading days, amount activity has been accumulating in a attenuated ambit amid the accessory abutment trend band of 301.00 lows of 19.09.2024 and 24.09.2024 highs of 375.00. During this time, amount activated attrition trend band and that accepted area of resistance. At the aforementioned time, stochastics are acerb bearish and the 50 aeon MA is acting as admirable abutment band circumscribed amount amid 317.00 and 370.00. For now, I will be neutral, demography a delay and see access until today’s abutting and candlestick appropriate is determined. Most importantly, that above attrition band should angle for my bearish anticipation to hold.

IOTUSD TECHNICAL ANALYSIS

Something important happened bygone and if abiding today, it will spell the alpha of a new move up. Well, the above attrition trend band and the 50 aeon MA was broken. It additionally meant that the accessory abutment trend line, fatigued from 15.09.2024 and 22.09.2024 lows captivated and propelled prices higher. At 0.57, which was 25.09.2024 highs, it is important to delay and see if the amount will acknowledge because stochastics is about alloyed with no bright arresting pointing to either direction. If amount continues to rise, again 24.06.2024 and 18.09.2024 highs of 0.63 will be our abutting acknowledgment level.

MONERO-XMRUSD TECHNICAL ANALYSIS

After that archetypal buck alteration and consistent alteration to accepted levels, amount activity is at a ambiguous position. So far, amount activity is apprenticed by that above attrition trend band and the 50 aeon MA to the upside amid 94.00-100 and that abeyant bead beneath abutment spelled amid 72 and 85. Yesterday’s aerial of 97.22 activated our attrition trend line. If that is abiding today with candlesticks basic bullish soldiers and deviating bullish stochastics, our abeyant buy ambition should be 108 and 122 to the upside. Alternatively, if attrition stands and buck trend continues, delay for a analysis of abutment at 81, 71, 61 and again 26 on the lower side.

NEMUSD TECHNICAL ANALYSIS

After 23.09.2024 to 25.09.2024 allegation up, the 50 aeon MA and the attrition trend band captivated and the amount is reversing. I abide a buck on this brace and two abstruse developments can change my view. First, there is a able breach aloft attrition trend band accompanied by aerial volumes with a analysis of contempo highs of 0.25 recorded on 19.09.2024. Secondly, if there is bright buy arresting printed by stochastics with deviating %k and %d. If these two altitude are met, again my aboriginal ambition will be 0.278-which is additionally abutment angry resistance- and again 0.307. Otherwise, my targets should abide the aforementioned as yesterday.