By the end of the current week, control over the prices of the largest altcoins passed into the hands of bulls.
EOS / USD
The price of the EOS token has steadily increased since the opening of the session on March 15. The maximum price of a coin at the auction of the current session is fixed at $ 3,9298. At the time of the market review, EOS / USD is quoted at $ 3.8644.
The price of the pair is kept within the boundaries of the correctional model. Bulls in the short-term token market retain an advantage, as evidenced by the data of technical indicators. The current price is supported by the short moving average line EMA14, the relative strength index values are high in the area of purchases.
The RSI14 line at the time of the publication of the review is directed downwards, which indicates the beginning of the correction phase of the short-term upward wave.
From the four-hour EOS / USD chart, it is obvious that bulls need to overcome sales resistance at a key level of $ 3.9670 and clear the range with the upper limit at the second key resistance level of $ 4.1650 to develop a medium-term uptrend. Up to this point, there are risks of a rollback in the pair’s quotes below the dynamic support level on the EMA14 line to the trend reversal level at $ 3.6420.
XLM / USD
During the current session, Stellar is trading in a narrowing range with an upper limit at the second key resistance level of $ 0.1121. Dynamic support for the XLM / USD pair bulls form the ascending line of the short moving average EMA14 with the current value of $ 0.1091.
At the time of the market review, Stellar is listed at $ 0.1095. The values of the relative strength index are stably held in the field of purchases, which indicates the advantage of buyers in the short-term coin market.
XLM / USD purchases are recommended for the breakdown of the upper limit of $ 0.1121 of the ascending triangle with targets of $ 0.1144 and $ 0.1200. Signals for XLM purchases are canceled if the price breaks down in the range of $ 0.1091-0.1084.
ADA / USD
On March 15, Cardano price overcame sales resistance at a key level of $ 0.0483 and after 24 hours tested the third key level of $ 0.0512.
At the time of analyzing the market situation, ADA / USD is listed at $ 0.0504. The price of the pair is recovering from the dynamic support level, which, from March 5, the bulls form along the line of the short moving average EMA14 with the current value of $ 0.0492.
The relative strength index data indicates a significant advantage for bulls on the Cardano market: the index values are high in the buying area, the indicator line is horizontal and tends to turn upwards, which gives an early signal of the end of the price correction.
IOTA / USD
Over the past five days, Altcoin IOTA showed an increase of + 14.1% against the March 11 minimum price of $ 0.2763. In the course of the current trading session, the IOTA / USD pair tested sales resistance at the third key level of $ 0.3137, fixing the session maximum price at $ 0.3168.
At the time of publication of the review, the pair is trading with a decrease from the key resistance level. The price of the coin is adjusted above the dynamic support level, which is formed along the line EMA14 with the current value of $ 0.3050.
On the four-hour IOTA / USD chart with the RSI14 indicator, a bullish divergence is formed, which in turn gives an early signal that the price will continue to move in the upward direction and indicates a strong potential for the upward momentum.
IOTA purchases are recommended on the rebound price from the support level of $ 0.3050 with targets of $ 0.3138 and $ 0.3194.
Trading recommendations are not a guide to action. Following the recommendations, you assume the associated risk of loss of funds.