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Block.one, the developer of EOS and main competition to the Ethereum network, will finish its year-long coin offering tomorrow having raised $4 billion in investor funds. EOS Token Sales Brought in $4 Billion Based in the Cayman islands and headed by 31-year-old Hong Kong-based CEO Brendan Blumer, Block.one...
We expect a short to medium term alt coin recovery and considering these set ups, I recommend buying LTC, Lumens and NEM. Reason? The depreciation has been rapid and right now, these pairs are recovering at key Fibonacci or price action support levels. Let’s dissect these charts: Scalp...
Irrespective of your perspective, the only coin you should look to short is NEO. First, its over-valued compared to peers and yesterday prices broke below the middle BB which as we know was a key support line. Let’s dissect these charts: Lumens Prices at Key Support Guys, if...
After the January 30 rapid slide, altcoin sellers should be a little bit disappointed because there was a general slowdown across most altcoins under our radar. IOTA, LTC and NEO couldn’t muster a close below yesterday’s lows and what we are waiting for is perhaps a confirmation of...
Besides NEO, which is now testing key resistance line in the 4HR chart, IOTA, EOS and LTC are trending lower. Even though I expect LTC to find footing and gain bullish momentum, EOS looks likely to trend lower in the coming days as price action corrects a possible...
My view is that this week will be significant for most BTC alternatives and being under our radar, I really think we should look to buy LTC. On our entry chart we can see that prices are trending higher and above the main resistance line. Concurrently at the...
Other than NEM, the middle BB is acting as a good support line in most altcoins. Because we were expecting Lumens and EOS to appreciate, we can see the big role the middle BB had in shoring prices. I anticipate more buy pressure as the week comes to...
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