Technical studies point to a slowdown in the growth of altcoins, which in turn gives a signal about possible beginning of the correction of prices in the markets of cryptocurrencies, after their sharp rise over the last four days.
EOS/USD
During the past trading session, the price of the EOS token has exceeded a value of $2,6890, which is the first key support level, calculated from daily schedule. At the auction a couple EOS/USD December 19, the bulls recorded a new two-week high prices at $2,8900.
At the time of the market review of the token is traded for $2,6660 with a decline to the lower limit of the daily range at $2,6000.
The current decline in prices is seen as a correction of its local ascending movement. It is assumed that when you save for the bearish trends pair EOS/USD will be adjusted in the range of $2,5500-2,8000.
Values of relative strength index hold above the neutral line of the indicator, which confirms the situational advantage buyers EOS.
XLM/USD
In the course of trading on December 19 Stellar price peaked at $0,1300. At the time of the review market quotes pairs XLM/USD rolled back towards the dynamic support level $0,1190 formed on the moving average line EMA14.
The daily chart XLM/USD it is obvious that the growth rates of the Stellar bears formed at the level of the local maximum rates of 9 December, which at the moment does not allow to test the resistance of the sales at the key level of $0,1363.
It is assumed that only while maintaining a strong bullish trends in the global stock market will allow the bulls Stellar in the market to obtain sufficient support for output prices above $0,1363.
Formed bearish divergence on the daily chart XLM/USD with a RSI14 indicator indicates a high probability bole deeper correction short-term uptrend, at least to the level of $1190.
ADA/USD
On the background of General growth of the largest cryptocurrency price Cardano over the past four days to recover from a local minimum of $0,0278 to $0,0396. However, a test of resistance in the range of $0,0382-0,0430 showed a bearish trend in the number of consolidated volumes on the sales of Cardano.
At the time of the review of the market the pair ADA/USD is trading at $0,0375 with decrease in quotations. It is assumed that buyers will support scriptactive, upselling higher-level price of $0,0360.
There is a high probability of deepening the correction of localized upward movement to $0,0340 the dynamic level of support from the moving average EMA14.
IOTA/USD
IOTA at auction on 19 December, the price of bitcoin has elevated to a new two-week high prices at $0,3164. At the time of the review of the market the pair IOTA/USD is traded with decrease in quotations, $0,3000.
The daily chart IOTA/USD it is obvious that buyers scriptactive met with strong resistance sales above the price level of $0,2970, which they failed to overcome in the period 24 November-3 December.
It is assumed that the current correction of the local uptrend cryptocurrency restrict the price reduction to the support level of $0,2790.
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