THELOGICALINDIAN - Most altcoinsXEMUSD NEOUSD and the blow faced some amount bumps forth the way and NEO absolutely concluded lower admitting some able chase appear the average BB
Lumens on its allotment couldn’t aggregation a abutting aloft $0.55 and charcoal beneath a consolidation.
Today’s amount activity ability adjudge the abbreviate to average appellation trajectories of these aerial cap bill abnormally if amount activity break beneath key attrition or abutment levels in the advance of their movements.
Let’s accept a attending at these charts:
Judging from the bullish apprehension surrounding this pair, there is annihilation to address abnormally if we cull yesterday’s Lumens amount action into the picture.
Indeed, we can see college highs about to the lower BB but the move is so attenuated and alike abutting to negligible back we charge to see some able confirmations that could conceivably abolish the accepted buck pressure.
For one, prices are still in alliance approach aquiver amid a $0.10 amid $0.30 and $0.40 as February 7 aerial low shows.
Besides that annihilation can be said because afterwards all, for us to see hints of buy burden we charge to see able moves aloft $0.50 or the 61.8% Fibonacci retracement akin which we accept been bombastic over the accomplished few days.
Price activity wise, NEM acknowledgment is absolutely adverse some able attrition from sellers.
Notice that yesterday’s from February 7 and 8 candlestick, we can see these continued high wick blame prices beneath our capital balderdash activate band at $0.55.
This is basic admitting the candlestick college highs about to the lower BB and of advance the about-face of drive as the academic shows in our accessory chart.
In my opinion, we cannot actualize annihilation unless we see amount spikes aloft $0.55 or beneath $0.35 signaling buck trend continuation.
Interestingly, EOS amount activity is so slow.
We can absolutely accredit to yesterday’s amount action as we can see oscillated with February 7 aerial lows with that signature continued high wick hinting of advertise burden in lower time frames.
Referring to our antecedent analysis, EOS bearish appearance will still authority as continued as prices abide beneath $9.5 and the capital attrition line-the average BB.
From the about-face of this week, LTC prices accept been all over the abode and affective horizontally.
This bears all the hallmarks of an accession and alike admitting it’s a little bit black for all those who admiration fireworks, we shall accept to delay for bigger signals afore affairs our sell/buy triggers.
Of course, this bounce of lower prices is alarming from a hodler’s angle and what we charge now is to barter according to February 8 barter plan and delay for abutting aloft our actual attrition area at about $170.
NEO got a little pump bygone but attending at how sellers descended on amount the moment the average BB was tested.
A continued high wick marks yesterday’s candlestick and what charcoal now is if sellers will discharge over from bygone and blemish this recovery.
Well, two things are in my radar. First, this anniversary charge abutting as a balderdash and second, alike if sellers boss NEO today, again prices charge not abutting beneath $85 or the 61.8% Fibonacci retracement akin from our chart.
If it does happen, again we can abolish the so alarm amount accretion and attending for affairs opportunities with targets at $50.
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