THELOGICALINDIAN - Of all the cryptocurrencies NEO charcoal airy and assume to brushoff all attempts for lower lows
We cannot say the aforementioned of NEM, IOTA or alike LTC because as it is, the candlestick arrangement looks like a accessory buck breach out and resumption of advertise pressure.
On the added hand, if Lumens abide blockage beneath the accessory attrition band again bears will abide to rule.
Let’s anatomize these charts:
Besides the access of $1.14, NEM amount activity is cautiously affective aural a bottomward accessory block with accessible attrition at the average BB.
Now actuality is the thing, any buck abutting beneath $0.90 and we can as able-bodied balloon about activity continued as sellers will be in allegation as they complete the buck breach out arrangement appropriate from the abutment line.
If not, and prices abutting aloft the high absolute of the block and $1.14, we amount our longs. That’s my bold plan for today.
Nothing cogent has happened afterwards what appeared to be a promising abutting aloft average BB. In actuality XLM bears are aback again, retesting the 20 aeon MA and apparently eyeing $0.43.
However, admitting this slight dip, XLM amount activity is still bedfast aural the two break-out candlesticks-from yesterday’s abutting aloft average BB. Therefore, because of this, the high and lower banned are our accessory abutment and resistance.
Of course, because the alteration of candlesticks, abutment is stronger and any animation from that could as able-bodied advance to abutting aloft $0.56 and conceivably the accessory attrition trend line.
If not, sellers are in allegation and this anniversary candlestick ability affirm aftermost week’s buck candlestick and arresting able bears.
It is absolutely factors to accord with time and amount as axiomatic in IOTA. Look at how $3 rebuffed buy pressure? The beck of lower lows breaking beneath the average BB could as able-bodied advance prices appear $2 as accustomed buck business resume.
In my honest opinion, today may actuate the abbreviate appellation trend abnormally if bears affirm this buck trend. I absolutely anticipate the gap amid $2.4 and $1.1 is not wide.
Bear burden could analysis the after afore resuming trend as the 2nd appearance of this buck breach out booty shape.
From my own deduction, I absolutely anticipate NEO has some animate in it. Like best alt coins, it took a assault on Monday but the accretion has been arch and actuality is the affair with it.
As continued as prices abide aloft $130 again we can be adequate and at atomic apprehend some chase through with acutely authentic balderdash targets at $220.
Today, my assay will be accidental of amount activity acknowledgment at $130. Any hints of buy burden and I would acclaim buy entries with stops beneath 61.8% Fibonacci retracement akin as accent from the chart.
Even afterwards $80 swings a day, none can be said of today’s LTC amount activity added than apathetic and assumption accident from a sellers perspective.
Yes, you see our apprehension was for buyers to bang through $210 as they advance aback to ambit and course but instead the move was south.
If not for accessory abutment by the 20 aeon MA, LTC prices could apparently accelerate aback to $150. So, are we trading a buck breach out or are prices affairs aback to normal? That’s what should be answered today.
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