THELOGICALINDIAN - Bears all over guys and so far all altcoin assets from aftermost weeks bullish run has been antipodal LTC EOS NEO Lumens and alike DASH are on a bottomward trend testing aftermost weeks lows
Let’s accept a attending at these charts:
XLM/USD
So far, Lumens sellers are trending appropriate at aftermost week’s lows and that’s a 100% retracement as far as amount activity is concerned.
Now, the affair is this anniversary has been abundantly bearish-we can see that and clue from what has been accident over the accomplished brace of days.
If we zoom into the 4HR blueprint we apprehension that buck drive is crumbling as candlestick are alpha to book abroad from the lower BB with stochastics at over awash territory.
This doesn’t beggarly abundant and isn’t our base for activity continued or abbreviate but should be hinting abnormally now that we are attractive for buy signal.
If any bullish engulfing candlestick prints and drive prices aloft $0.38, again I acclaim longs if not and prices abutting beneath $0.30 today, again we bigger attending for advertise opportunities because that will be a buck breach out beneath this ascendance wedge.
DASH/USD
Like the Lumens, DASH is on a bottomward trend and if we appearance amount developments in the 4HR blueprint again we apprehension that sellers are absolutely dispatch on gas as they bandage forth the lower BB.
In the circadian blueprint however, we are at a cantankerous alley and wont acclaim buy or advertise unless there is a absolute chase through of yesterday’s buck pressure.
Remember, from previous analysis the average BB and amount about $620 charcoal a key amount tag back it is appropriate at antecedent bullish breach out point and we are yet to apperceive if this will about-face out to be a retest or buck resumption admitting aftermost week’s bullish pressure.
In my view, buyers charge prices to aces up and if there is a abutting aloft $620, again that would be a bifold bar changeabout arrangement or a retest appropriate at the average BB.
EOS/USD
Because of yesterday’s buck confirmation, we abide aloof for the time actuality until we see what happens to EOS amount at about $6 and $7.
Those are 2024 lows and should absolutely access prices in the abbreviate term.
The average BB will abide actuality our aboriginal band of attrition with $9.5 actuality our balderdash activate bold there is a able acknowledgment at $7 in the advancing sessions.
LTC/USD
From the chart, sellers are absolutely in allegation and as continued as yesterday’s LTC buck burden continue, again affairs of the average BB and $160 actuality hit is high.
Our action is on advance and what charcoal today is if there will be a acknowledgment at $180. If prices apathetic bottomward and any bullish engulfing candlestick prints anywhere about abutment in the 4HR chart, again beasts can buy and advance out their entries.
Otherwise any billow accomplished $160 will invalidate our antecedent bullish breach out strategy.
NEO/USD
Guys, all we can say is NEO is continuing with the shed. So far, $10 is off from yesterday’s lows and as continued as bears abide with the swing, again affairs are they shall analysis the breach out band at $100 afore a accessible trend resumption happens.
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