Before the end of the week it is not expected drastic changes in the courses of the largest altcoins. Most altcoins will continue to trade sideways with low volatility of prices.
EOS/USD
Session the growth of EOS on 10 November, limited by the resistance of sellers of the cryptocurrency generated by a line moving average EMA200 with the current value of $5,4790.
The analysis of the four-hour chart the pair EOS/USD shows that the support price of the asset the bulls have established on reversal level trend $5,4000.
Given the traditionally low trading activity on weekends, we should expect that the bulls will fail to overcome resistance at $5,4790.
Couple EOS/USD before the end of the week will continue to trade in a horizontal range with the limits of $5,4790 and $5,4000.
In turn, the data confirm RSI7 indicator of the likelihood of a trading market for the EOS, since its values are in the neutral zone.
Recommended short selling of the EOS on the bounce of the price from $5,4790 with order $5,4300 and $5,4000.
XLM/USD
C 8 Nov Stellar is trading in a narrowing range. At the time of the review of the market the pair XLM/USD is quoted at $0,2613.
Support the price buyers are formed on the second key resistance level of $0,2590. Support pair XLM/USD has moving average EMA200.
It is expected that the most likely direction of the break out of the symmetrical triangle in the direction of its growth. In case of strong upward momentum for the possible growth of quotes with breaking through the key level of $0,2730.
ADA/USD
Bulls in the market Cardano stopped decrease in quotations of scriptactive at around $0,07368. The current session of trading in Cardano opened quotes $0,0746.
On the day of the auction buyers increase purchases, which has lifted the price of ADA/USD to the level of a trend reversal $0,0760.
At the time of the market review Aldon traded at $0,0768. The bulls will significantly strengthen their positions, if they manage in the course of trading on 11 November to settle above the pivot at $0,0760.
However, there is a high chance of a rollback of quotations from the pivot level and possible entry into the market with short positions Cardano. Goals for short-term sales in a pair of ADA/USD – $0,0747 and $0,0732.
IOTA/USD
In the course of the session on the strong and increasing momentum IOTA price broke through the resistance of bears at the level of the reversal of the local trend $0,4855 and dynamic resistance $0,4900 line moving average EMA30.
For the development of the movement of the pair IOTA/USD in an upward direction the markets need to consolidate at the achieved price level and consolidate additional volumes for purchase.
The nearest goal of bulls in the case of mining this scenario will be on the key resistance level of $0,5152, which started the current correction rates IOTA.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.
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