• 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

(Short Term Correction) NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 21, 2018

Dalmas Ngetich by Dalmas Ngetich
3 years ago
in Uncategorized
Reading Time: 3min read
Tezos Co-Founder Fined and Banned by Wall Street Regulator
Advertisement
Listen to Article

Of all the altcoins under our focus, Stellar Lumens is the top performer for the week gaining 45 percent which increases its market cap to $6.8B. Despite this, NEO, Litecoin, IOTA and EOS are correcting. In this case, buyers should wait until stochastic buy signals print before loading longs probably in the coming week.

Let’s have a look at these charts:

XLM/USD (Stellar Lumens)

Stellar Lumens Technical Analysis
Stellar Lumens 4HR Chart by Trading View

We can’t write much from the fundamental front but what is obvious is that Stellar Lumens is pretty much stagnant. In the last 24 hours alone, the coin is up 0.54 percent and 43 percent for the week. That’s not bad at all but here is the thing.

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

We were pretty much bullish for the better of the week but with a double bar bear reversal pattern in the daily chart and a strong stochastics sell signal in the 4HR chart, sellers might pick up momentum through to next week. Personally, and from my Stellar Lumens technical analysis, a short term correction is bound. Potential reversal points lies between $0.27 and $0.30.

IOT/USD (IOTA)

IOTA 4HR Chart by Trading View

Of course, IOTA at $1.90 is awesome. It would even be better if we have some sort of upsides where IOTA would test $3 or so. We can’t discount that and after all, our IOTA technical analysis projects buyers testing this key resistance line in the coming days.

In my view, I shall point at increasing demonstration of how IOTA solves real life problems. After all, after Fujitsu and a couple of other projects, IOTA is now partnering with InnoEnergy in a bid to create this futuristic smart energy economy. Now, is this where Metcalfe’s law applies? Well, maybe and if it does, then expect IOTA to gain.

#IOTA, #InnoEnergy together with ÖBO and #ElaadNL team up to demonstrate the IOTA #Tangle on a smart community testbed to explore new business model for #emobility and #smartcommunity energy markets. https://t.co/Ootoek5VNe pic.twitter.com/nvFsGO2WtK

— IOTA News (@iotatokennews) April 20, 2018

From the charts, prices are correcting. Even though we remain bullish, we can refer to the 4HR chart which shows clear lower lows complete with bearish engulfing candlesticks testing and a stochastic sell signal. I remain net long but swing traders can sell and take profits at around $1.55 and $1.65 or whenever a stochastic buy signal prints in the course of next week.

EOS/USD (EOS)

EOS Technical Analysis
EOS 4HR Chart by Trading View

After gaining 18.24 percent in the last 24 hours, EOS now occupies the number 5 spot usurping Litecoin in the process. By now, you should know that all developments are geared towards that well publicized EOSIO launch in June.

Know this though: EOS shall freeze the EOS ERC tokens on June 2 for a maximum of 20 days to allow BP vote in. Now, what is causing a buzz is the potential number of projects that shall launch post mainnet. Already, Block One CEO promised that there will be thousands of projects from all sorts of companies and earlier,OK Blockchain Capital announced a $100M slush fund kitty to support projects launching on EOS blockchain.

OK Blockchain Capital Campaigns EOS Supernode, Offering USD100 Million Supporthttps://t.co/kDwhxuaKn8

— OKCoin (@OKCoin) April 19, 2018

In the daily chart, it’s obvious that there is a break out past the main resistance line at $10. That’s a bullish break out we have been waiting. However, with prices correcting across the board, we expect EOS prices to follow suit and probably test $8 in the coming few days. After all, there is a stochastic sell signal in place and as such I recommend short term sells as above.

LTC/USD (Litecoin)

LitecoinTechnical Analysis
Litecoin 4HR Chart by Trading View

It’s a flap guys. Litecoin’s market cap stands at $8.25B. Even with marginal gains in the course of the week, it couldn’t prevent EOS from taking over that spots. Anyways, I’m selling Litecoin at the moment but I’m overly bullish. Potential buy target is at $125 on the lower end or when a stochastics buy signal prints and there’s a bullish candlestick confirming that.

NEO/USD (NEO)

NEO Technical Analysis
NEO 4HR Chart by Trading View

It has been a generally busy week for NEO straight from impressive Switcheo trade volumes, Ether Capital trading on NEO exchange, Asura ICO and white listing and of course Aphelion desktop wallet release. What I like about Aphelion is that it easily integrates with Ledger Nano S. Cumulatively, all these are bullish for NEO and we expect prices to catapult in the coming weeks.

Introducing the Aphelion NEO Desktop Wallet Available Now. Get yours FREE here: https://t.co/UeIWNFuy0p

— Aphelion (@Apheliontoken) April 20, 2018

Price wise, it’s the same pattern and even as we trade a bearish divergence pattern in the 4HR chart, prices should bounce back. Buy zones lies at $60 or whenever a stochastic buy signal prints from deep the oversold territory in the 4HR chart.

Tags: altcoin price analysisaltcoin technical analysisEOS OK Blockchain Capitaleos technical analysisIOTA Hannover MesseIOTA InnoEnergy partnerhsipiota technical analysislitecoin technical analysisNEO Aphelion Walletneo technical analysisstellar lumens technical analysis
TweetShare26
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

Crypto Roundup: January 25th, 2021

Crypto Roundup: January 25th, 2021

3 mins ago
Bitcoin, cryptocurrency, BTCUSD, BTCUSDT

Severe Liquidity Shock Ahead for Bitcoin Market, Warns JPMorgan

1 hour ago
regulations

Crypto Exchanges: Slow Shift to Classic Financial Industry Regulations?

3 hours ago
Chainlink (LINK)

Charted: Chainlink (LINK) Correcting Gains, Why Dips Remain Attractive

5 hours ago
Ethereum

TA: Ethereum Trims Gains, Why ETH Could Find Strong Support Near $1,275

7 hours ago
Bitcoin

TA: Why Bitcoin Price Remains At Risk for a Fresh Drop to $30K

9 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

Coinbase Custody to Support Dvision Network (DVI)

January 26, 2021

A New Year – New Opportunities in Crypto

January 26, 2021

1xBit Introduces New Live Casino Tournament DEAL OR NO DEAL

January 26, 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.