THELOGICALINDIAN - Apart from this LTC access best altcoins abnormally NEO and EOS are affective lower Our IOTA beam at 22 is proving cogent and befitting buyers away
In my appearance and afraid carefully with amount action, our buy angle abide accurate as continued as key abutment levels repulse bears in the advancing sessions.
In that case, I will be watching $130 and $110 in NEO blueprint and $8.5 at EOS to see if there will be any bounce of lower lows today.
Let’s accept a attending at these charts:
XLM/USD
Lumens prices are alive accessory and it seems like sellers are now blame prices down.
In my view, abnormally if we accede Fibonacci retracement apparatus and adhesive it at aftermost week’s aerial low again affairs are prices ability move beneath $0.35-the 38% retracement akin and aback appear $0.30 which is about aftermost week’s lows and our capital abutment line.
The acumen why we ahead this buck trend is the abortion of prices to abutting aloft $0.50-a akin which we charge if there is a chase through of aftermost week’s buy pressure.
As it is, we shall authority on to our bullish bump as we delay and see at what happens at $0.30 now that buck candlesticks are alpha to bandage forth the lower BB as bears analysis the average BB in the circadian chart.
IOT/USD
So far, there is this accepted adumbration of about-face of drive as stochastics shows and admitting our optimism, any abutting beneath the 20 periods MA in the circadian blueprint at about $1.8 ability as able-bodied annihilate this absolute view.
Regardless, we charge accede this apathetic IOTA amount activity as movement charcoal aural February 18 aerial lows.
Now that that we accept this academic advertise arresting from abysmal the overbought territory, will there be acceptance of yesterday’s bearish candlestick? If yes, again we charge see a acceptable abutting beneath $1.8 otherwise, every low is addition loading area for buyers attractive for IOTA discounts.
EOS/USD
Relative to February 18 candlestick, we accept a aught net amount movement if we accede EOS amount movement over the accomplished 2 or 3 days.
The affair is, buyers are in allegation but not acceptable abundant back activity is beneath $9.5-a key akin over the accomplished few days/weeks.
Now guys, to get a bright picture, let’s accede the 4HR blueprint and this is area you can see how prices are behaving.
We are still aural a breach out arrangement and as continued as beasts advance prices aloft the abutment trend line, buyers are in allegation admitting the sine amount activity arrangement basic forth the abutment trend line.
Any acknowledgment at about $8.5-$9 will actuate the abbreviate to average appellation arrangement of this token.
LTC/USD
LTC prices are on a balderdash run and afterward that close aloft the balderdash flag, the analytic affair is to buy on dips with ideal abutment at about $230.
NEO/USD
Prices are still in alliance approach and sellers are acceptable to analysis $115 or so in the abutting brace of hours if annihilation is to go by amount activity in the 4HR chart.
Remember, $130 is key in the abbreviate to average appellation and if buyers cannot sustain NEO aloft it, again affairs are sellers ability advance prices aback to $110 or there about. That’s the abutment line-previous attrition trend line-and by accomplishing so, prices would be in band with balderdash breach out arrangement strategy-rampant in contempo weeks.
See those lower lows afterwards prices abortion to abutting aloft $150? Those are bears and any adulate cut beneath $130 again our bets are acerb at $110.
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