Analysts predict a sharp increase in the volatility of altcoins first day of the next trading week. Calculating the level of damages should take into account the likelihood of abrupt changes in rates of cryptocurrencies.
EOS/USD
Token EOS 3 November received the support of the second key support level of $5,3400. Level of support enhanced moving average EMA60.
At the peak of the current session fixed a false breakout of the support level touch price EOS $5,3080.
Relatively large-scale purchases paired EOS/USD allowed the bulls for some time to bring the quotes tool on the price level of $5,3400.
At the time of the review of the market the pair EOS/USD is quoted at $5,3386. RSI indicator indicate that sufficient potential buyers to hold the key support level. The indicator values remain in the buy zone, the RSI line has a tendency to turn upward.
XLM/USD
Stellar 2 November on a strong upward momentum overcame the resistance of bears at the level of the reversal of the local trend. On the price scale of the four-hour chart the pair XLM/USD pivot has a value of $0,2388.
In that case, if the bulls manage to consolidate above the pivot, a temporary support to the price buyers will have on the line EMA14 with the current value of $0,2340.
An alternative version of the situation on the market Stellar bulls, breaking above $0,2388, consolidating sufficient volumes for purchases and attempts to break resistance at $0,2470.
ADA/USD
In this session quotes Cardano steadily decreased from the local maximum price of $0,0738. At the time of the review of the market the pair ADA/USD is trading at $0,0715.
The price of cryptocurrency bears formed a line EMA14 with a value of $0,0717.
Given the nature of price movement Cardano, it is expected that before the end of day trades the pair will continue to move sideways. The range boundary outlined the key levels of $0,0721 and $0,0707.
Recommended buy Cardano on the rebound from the support level of $0,0707 with order $0,0717 and $0,0721.
IOTA/USD
At the time of market analysis IOTA the bears are testing the support of the price of the cryptocurrency on the key level of $0,4757.
In case of breakout of the key level should expect a decrease in quotations pair IOTA/USD pair to the level price of $0,4680.
After confirmation of the break of support are recommended short-term sales goals with IOTA $0,4705 and $0,4650. To protect the open short positions should the feet are not below the price level of $0,4773.
An additional signal for market entry with sales of scriptactive will serve as the intersection of the line RSI 50 line of the neutral zone indicator.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.
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