• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo

Acer Will Soon Strike A Deal with IOTA : IOTA, Stellar Lumens, Tron, Litecoin and EOS Price Technical Analysis (June 1, 2018)

Dalmas Ngetich by Dalmas Ngetich
3 years ago
in Uncategorized
Reading Time: 3min read
Acer Will Soon Strike A Deal with IOTA : IOTA, Stellar Lumens, Tron, Litecoin and EOS Price Technical Analysis (June 1, 2018)
Advertisement
Listen to Article

Unexpectedly, Tron prices are dipping after mainnet launch. Given the marketing done by Justin Sun and the Tron Foundation, the markets are thirst for action. Savvy programmers on the other hand have something to cheer because should they find a flaw-like those in EOS- they are entitled to a $100,000 reward from Tron foundation. These are the kind of incentives that spur coders or white hats into action benefiting the platform in the process. Before the bounty program ends on June 21, we should see progress as the Tron network undergoes rigorous testing. Apart from this, technical formations hint of possible low risk, high reward trades in IOTA and Stellar Lumens.

EOS Price Technical Analysis

EOS Price Technical Analysis
EOS Daily Chart by Trading View

So, Binance did decide to block deposit and withdrawal of EOS ERC tokens two days before the mainnet migration. Worse, most people didn’t see their advertisements on social media catching many by surprise. Even though some few traders claimed that they had withdrawn their coins and stored them in hard wallets and alternatives as Exodus, frustration is palpable for those who didn’t. However, it’s good news for those in Kucoin and HitBTC because they still have a lee way before the cryptocurrency exchanges withdrawal and deposit blockade begins.

In other news, Nick Szabo, who many think is the real Satoshi, didn’t have kind words for EOS. He referred its constitution as a “naively crafted” and its code WET. In his words he thinks EOS blockchain would be “labor intensive”, full of permissions and rigid when it comes to scalability.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Great thread about how much EOS depends on a naively drafted "constitution", human-interpreted wet code. As a result EOS will be labor-intensive, permissioned, jurisdictionally biased, and will have poor social scalability. https://t.co/64XzgplMsb

— Nick Szabo ? (@NickSzabo4) May 30, 2018

What I’m seeing now is a very nice accumulation that began following that bullish engulfing reversal in May 24. While we are positive of a possible appreciation, traders can begin spreading their long entries anywhere between $11 and $13 just before the mainnet launch. Safe stops lies at May 24 lows at $10.

Litecoin (LTC) Price Technical Analysis

Litecoin (LTC) Price Technical Analysis
Litecoin Daily Chart by Trading View

Of course, any founder would shill his/her coin. Would you trash yours? I guess not! Now, Charlie Lee is absolutely right and even a 51 percent attack on this merchant network would prove financially prohibitive and a loss making venture. The capital injection won’t justify the reasons why and so, yes, to some degree we remain safe. What if it’s just but a malicious attack? Think about that. It’s about $700 million to take control for an hour.

Price wise, we shall stick to our previous trade plan. Either you can continue ramping up at current prices with stops at $110 or wait for a break above $130. It’s your choice and mostly depends on your trading style. Overly, bull targets stands at $180 and later $240.

Stellar Lumens (XLM) Price Technical Analysis

Stellar Lumens (XLM) Price Technical Analysis
Stellar Lumens Daily Chart by Trading View

Here, our technical tea leaves are aligning to the upside. We have higher highs bouncing off May 29 bullish candlestick with increasing volumes. I recommend buys with stops at 28 cents and targets at 50 cents and later 70 cents. Why? Well, check out that double bar bullish reversal pattern, May 30 tight trade range and yesterday’s bull acceleration confirming May 29 bullish moves.

Tron (TRX) Price Technical Analysis

Tron (TRX) Price Technical Analysis
Tron Daily Chart by Trading View

Prices often tank after mainnet launches, I highlighted this before because history has some irrefutable data for your reference. The depreciation is not that bad though. TRX is up one percent in the last 24 hours as I type this.

Do you think TRX value will float without Ethereum influence? Time will tell but at the moment, Justin Sun is welcoming any white hacker to check their network for flaws and should they find one, there is a $100,000 reward for their excellent work.

Calling all developers! #TRON mainnet is live on #github and we’re offering up to $100K in #bugbounty rewards. Bring your A game. $TRX pic.twitter.com/je85UEA3ES

— Justin Sun (@justinsuntron) May 31, 2018

Price wise, I remain as usual neutral until after we see a break below or above this 2 cents consolidation between 7.5 cents and 5.5 cents on the lower side. If prices pick up and end up bearish like yesterday, then we shall take cautious shorts with tight stops and follow May 28 bear candlestick. In that case, 5 cents would be our first bear target.

IOTA (IOT) Price Technical Analysis

IOTA (IOT) Price Technical Analysis
IOTA (IOT) Daily Chart by Trading View

It seems their partnership with the UN brought good IOTA vibes. We can see this not only from their market over-performance to Taiwanese delegates visiting their headquarters to discuss smart cities, education and yes, issues to do with governance.

Cofounder of Biilabs, a taiwanese company focused on #IOTA , says "we will have some moves with Acer soon" ?? #Tangle https://t.co/izRvnPVzkL

— Florian Köhler (@Florian7788) May 10, 2018

Like yesterday’s forecast, you can continue loading your longs at every dip in lower time frame. Stops should be at $1.5 with bull targets at $2.6 in line with our previous trade plan.

Tags: EOS Nick SzaboEOS Price Technical AnalysisEOS Withdrawal Deposit BinanceIOTA (IOT) Price Technical AnalysisLitecoin (LTC) Price Technical AnalysisStellar Lumens (XLM) Price Technical AnalysisTron (TRX) Price Technical AnalysisTron Bounty ProgramTron Mainnet Launch
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Bitcoin En Route to $30,000 After Price Falls ~12% in a Day; Here’s Why

41 mins ago
Highly Anticipated Ethereum Fee Model Upgrade is Expected in 2021

Highly Anticipated Ethereum Fee Model Upgrade is Expected in 2021

1 hour ago
Metaverse: The Bridge Over NFT To Integration

Metaverse: The Bridge Over NFT To Integration

4 hours ago
Ripple (XRP)

Charted: Ripple (XRP) Signaling Bullish Breakout, Why It Could Retest $0.35

7 hours ago
Ethereum

TA: Ethereum Steadies Above $1,280, Why ETH Could Restart Its Rally

9 hours ago
Bitcoin

TA: Bitcoin Struggles Below $36K, Why BTC Could Extend Losses

11 hours ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Seascape Network to take DeFi Gaming to the Next Level with the Binance Smart Chain

January 21, 2021

Bit.com To Launch Industry’s First BCH Options

January 20, 2021

NOWPayments Presents: Fiat Conversion

January 20, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.