Altcoin Analysis for 06-10-2024: NEO, DASH, IOTA, XMR and LSK
technical analysis

Altcoin Analysis for 06-10-2024: NEO, DASH, IOTA, XMR and LSK

THELOGICALINDIAN - NEOUSD TECHNICAL ANALYSIS

Today’s blueprint is still independent aural yesterday’s Hi-Los of $33.89 and $28.60. From the attending of things, there is some affairs burden afterwards yesterday’s balderdash candlestick. Going into NFP after today, we apprehend animation either to the upside abnormally if NFP numbers abort investors and that will absolutely be a axiological event. On the cast side, in-case of the bigger activity market, USD appeal will billow and yesterday’s accessory abutment of $26 will acceptable be broken. Either way, we apprehend alliance afore NY accessible and that agency 04.10.2024 highs of $35 will be our actual resistance. Ref (above) Figure 1: NEOUSD-Daily Chart-06.10.2024

DASHUSD TECHNICAL ANALYSIS

Depending on how you would appetite to assay this pair, 04.10.2024 highs of $322 is still a accessory attrition level. It is additionally aural the 50 aeon MA which has been a beam for 6 trading canicule afterwards it was breached on 30.09.2024. It is accessible to agenda that amount activity is trending aural a bound $37 ambit with college highs and lower highs in lower time frames. Since there is a stochastics buy arresting and bullish candlesticks, our activate credibility will be set at $322 and $285 support. Any abutting alfresco of this ambit will entail a blemish and we shall admit barter in that direction.

IOTUSD TECHNICAL ANALYSIS

It has been two trading canicule of authentic accumbent alliance for this pair. Attrition is at $0.56 with abutment at $0.52. It is account acquainted that alike today, amount activity bounced off from about abutment with no affairs burden at all but concluded up testing $0.56. No-one knows but it ability additionally end up testing abutment angry attrition trend band at $0.58. Stochastics is bearish pumped by beneath boilerplate volumes which is, in turn, blame prices lower. So, depending on your risk-off, I will acclaim demography profits and council bright of this brace until a bright trend is defined. Alternatively, you can move your stop accident to breach alike and aim anywhere amid $0.45 and $0.36 as advance our bearish skew.

MONERO-XMRUSD TECHNICAL ANALYSIS

Other than that bright clasp in which amount is trending at, amount activity is aquiver central a wedge. We can allocution about that 50 aeon MA which has been a attrition akin over 8 trading canicule but our absorption will be that attrition trend band fatigued from 28.08.2024 and 27.09.2024 highs. As history shows, there is amount bounce at abutment trend band at about $90.  Yesterday, prices absolutely pushed college from abutment basic a doji as the day closed. With US bread-and-butter abstracts in the activity today, I apprehend a blemish and bigger accord activity forward. After today, we admit a barter based on the new amount trend and a acceptable breach beneath $86 abutment or aloft $96 attrition zone.

LSKUSD TECHNICAL ANALYSIS

Before today, we accept two candlesticks bouncing off the 50 aeon MA with an actual analysis of 04.09.2024 and 03.10.2024 lows of about $5. Before testing $5, the amount should breach beneath that block to the downside. Back there is no action and aggregate is somehow muted, I abide bearish and absorb my buck projections back stochastics are still bearish.