Analysis Editor's Picks

EOS, XLM, ADA, IOTA. Technical analysis and forecast of the course for February 19-20, 2019

At the auction on February 19, the prices of the largest altcoins are fixed at new, higher levels.


At the time of the market review, the EOS token is trading at $ 3.6563 with a decrease in quotations from the new three-month price high of $ 3.8880. The current cryptoactive price is supported by the EMA100 moving average with a value in the area of the second key level of $ 3.0725.

During the current session, the rate of growth of quotations of the EOS / USD pair decreased significantly. Analysis of the pair’s daily chart shows that the bulls have formed a temporary support price of $ 3,6200 at the local level.

February 19 EOSUSD 1D
February 19 EOSUSD 1D

In the case of a deepening correction, the price of a cryptoactive asset may drop to $ 3.9360 at a key level of R3.

The value of the relative strength index is in the oversold area, but the RSI14 line maintains a growth trend, which confirms the strong support for the current EOS price to keep it, in the short term, above the local level of $ 3.6,200.


The session maximum price of Stellar is fixed at $ 0.0949. At the time of market analysis, the XLM / USD pair is quoted at $ 0.0926.

Despite the noticeably revived cryptocurrency market during the current session and daily price growth by 11.0%, the bulls did not receive sufficient support to enter the pivot resistance test with a mark on the daily chart price scale of $ 0.0991.

February 19 XLMUSD 1D
February 19 XLMUSD 1D

There is a high probability that until the end of the day the cryptocurrency will continue to decline and the buyers will form a temporary price support only at the local level of $ 0.0898.


During the trading session on February 18, the Cardano price with a strong impulse broke through the dynamic resistance level of $ 0.0425, formed along the line of the moving average EMA60. Only on the approaches to the reversal level of the medium-term trend with the value on the price scale of the daily chart of $ 0.0496 did the ADA / USD pair meet strong resistance.

Cryptocurrency analysis on lower timeframes shows that buyers formed Cardano support at $ 0.0450.

February 19 ADAUSD 1D
February 19 ADAUSD 1D

At the time of the market review, the coin is trading at $ 0.0477. Obviously, the bulls aim to update the maximum of the last session at the level of $ 0.0485 and test the sales resistance at the pivot level.

The relative strength index data indicates a customer advantage: the index value is high in the purchasing area, the indicator line is directed upwards.

It is assumed that at the pivot level with a value of $ 0.0496, large volumes are concentrated for sale to Cardano. The bulls will probably need a longer period to overcome resistance at a key level.


Since the opening of the trading session on February 18, the IOTA / USD pair showed an increase of 14.0%. Due to large volumes of purchases, the pair overcame sales resistance at the pivot level with a mark on the daily chart price scale of $ 0.3045.

During the current session, the price of cryptocurrency updated the maximum of the last session at $ 0.3144 and fixed a new one at a strong mirror level of $ 0.3235.

February 19 IOTAUSD 1D
February 19 IOTAUSD 1D

At the time of the market review, IOTA is quoted at $ 0.3180 with a slight recoil from the session high. Bulls retain the potential for the development of an uptrend.

The data of technical indicators and the nature of the price movement indicate a high probability of a bullish breakthrough at the level of $ 0.3235, which in turn will open the way for the price movement of the cryptoactive to the first key resistance level of $ 0.3658.

Trading recommendations are not a guide to action. Following the recommendations, you assume the associated risk of loss of funds.


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