• 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
  • Invest BTCTry
  • Join STC ICOBuy
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
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Technical analysis

Altcoin Analysis for 07-10-2017: NEO, DASH, IOTA, XMR and LSK

newsbtc by newsbtc
4 years ago
in Technical analysis
Reading Time: 2min read
NEO
Advertisement

NEOUSD TECHNICAL ANALYSIS

Even though there was a clear job reduction in September 2017, the USD managed to stay stable. Data shows that unemployment contracted while average hourly earnings surged by 0.5% last month. Earnings data is a metric used by the Feds and is a subtle inflation indicator. Therefore, any increase should be positive for the greenback. As evidenced, price action failed to break above $35 which was our bull trigger level and sellers actually took charge in the later stages. Check out the long upper wick on yesterday’s candlestick. I will set out new triggers defined by that wedge. As a bear, it is most likely that price action will gravitate lower and break out below support. Break out above $38 will invalidate our bear projection. Refer Figure 1(above): NEOUSD-Daily Chart-07.10.2017

DASHUSD TECHNICAL ANALYSIS

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!
Analysis, Altcoin, Oct 7,
Figure 2: DASHUSD-Daily Chart-07.10.2017

After 04.10.2017, two things have been clear: The slow but steady DASH appreciation and the almost stable volumes. As noted, there is a stochastic buy signal and bulls are pumping prices up. Price action is bouncing off the lower BB as sellers and buyers try to cancel each other out. Because of this, resulting have been dojis. Our reasonable resistance line will be above 02.10.2017 highs of $325 and the 50 period MA. Of course, any bearish engulfing candlestick which breaks below the wedge means short entries. Overly, I remain a bear on this pair with ideal targets at $270 and $220.

IOTUSD TECHNICAL ANALYSIS

analysis, altcoin, cryptocurrency, IOTA
Figure 3: IOTUSD-Daily Chart-07.10.2017

Because of a USD fundamental event yesterday, there was a little volume spike to $13M relative to 05.10.2017. Consequently, the minor support at $0.52 was broken by that strong bear candlestick.  After that retest on 04.10.2017, bears have been in charge and the 50 period MA is doing its job. Since stochastic bear pressure is still on, our initial targets remain in place.

MONERO-XMRUSD TECHNICAL ANALYSIS

analysis, altcoin, monero, xmr
Figure 4: Monero-XMRUSD-Daily Chart-07.10.2017

As flat as price action is, the 50 period MA and the resistance trend line are repulsing any attempted breakouts. For 5 trading days, price action has been consolidating below $95. With series of lower lows over 3 days, bears are slowly taking the lead. Furthermore, because of stochastics sell signal dropping from the overbought territory, we can assign a high probability of volatility to the downside with a view of the break below $87 and the support trend line. If it does, our stop loss should be above $95 with first and second take profit levels at $80 and $60 respectively.

LSKUSD TECHNICAL ANALYSIS

analysis, altcoin, cryptocurrency
Figure 5: LSKUSD-Daily Chart-07.10.2017

I was waiting for a break below support trend line yesterday and it did happen. Since bear momentum is high and a sell signal is still in place, I recommend a sell position as we take advantage of this breakout. First, take profit level is at $5 and then $4 before we expect buyers to jump in at that resistance turned support at June highs and September lows.

Contributed by Dalmas Ngetich, an expert with 3 years in Forex, Commodity and Cryptocurrency trading. All charts, courtesy of Trading View
Tags: altcoinanalysiscryptocurrencyDashIOTAliskLSKmoneroneotradingXMR
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
newsbtc

newsbtc

Related Posts

Ethereum

TA: Ethereum Corrects Losses, Here’s Why $2,300 Is A Major Hurdle

21 hours ago
Bitcoin

Bitcoin Price Nosedives $5K, Why BTC Could Extend Losses

24 hours ago
bitcoin

Two Patterns, One Coin: Is Bitcoin Currently Bearish Or Bullish?

3 days ago
Ethereum

TA: Ethereum Corrects Rally, But 100 SMA Could Spark Fresh Increase

4 days ago
Bitcoin

TA: Bitcoin Consolidates, Here’s Why BTC Could Surge Above $64K

4 days ago
bitcoin cme coinbase

CME Flashback: How The COIN Listing Could Culminate Bitcoin Rally

4 days ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
Bybit

Bybit

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

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

Top ICOs

Student Coin

Student Coin

Review · Visit

Token sale

Holdefi

Holdefi

Review · Visit

Press Releases

Fly to the Moon and Win One of Three Tesla Cars with New Bitcasino Game, Live Crash

April 19, 2021

Cryptocurrency Exchange Gate.io Celebrates 8th Anniversary

April 19, 2021

eToro Adds Chainlink and Uniswap Amid Investor Surge For Crypto

April 19, 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
  • Invest BTC
  • Join STC ICO

© 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.