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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...
Our focus over the last couple of days has been on NEO and the significance of $155. After yesterday’s ceiling and NEO bulls cold showers at $155, prices are dropping land if this bear pressure cranks up in the coming sessions, $100 round number will be our host....
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...
Besides Lumens-where buyers may found support at $0.43, most alt coins are on a slide. EOS is our focus today and while at it, the significance of $12 should be brought to your attention. If you check the weekly chart, there was an over-valuation after last week’s close...
Perhaps the major take away is how NEM found ceiling at $1.14. At that price tag, bears turned aggressive and are now driving prices towards $0.50. Like NEO, we could see some buy potential but not now. And talking of NEO, bears are officially in charge and we...
Most alt coins are correcting and even in the midst of all this bear pressure, NEM slow down reveals potential support at $0.53. It might be temporary, who knows but similar traits can be seen in several other alt coins including IOTA, LTC and DASH. Of course catching...
Like LTC, IOTA’s short term trend depends on if prices will close above the minor resistance trend line. For IOTA, there are some spinning tops in the weekly chart while LTC sellers or BTC bulls continue to push prices lower towards the main double bottoms at 0.014 BTC...
If you were expecting fireworks this week, then you must be disappointed more so if you’re a Lumens trader. From the chart, it looks like Lumens sellers are on the driving seat preventing prices from recovering. But, that is not the only suppressed pair. We can read the...
Like most high cap alt coins, Monero mid-range reversal may disrupt our bear projection. Other than the lower lows visible in NEM-that is justifiable following a blast through $2, we expected sellers to push prices lower this week. This looks unlikely especially now that DASH prices are reversing...
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