Data technical analysis of the markets largest cryptocurrency indicate the beginning of a corrective phase of a local uptrend.
EOS/USD
C 18 Dec bulls managed to consolidate the price of the EOS token above the key support level of $2,6870. At the time of market analysis steam-EOS/USD is quoted at $2,7600.
Session high price of the EOS token is fixed at $2,9000. Buyers attempt to develop the upside movement of the pair confirmed a strong resistance sales above the price level of $2,8300.
Thirty-day moving average supports the price of the cryptocurrency at $2,7500.
Buyers retain the potential to continue the growth of quotations EOS/USD is holding the price above the key support level of $2,6870. Data of the relative strength index show the advantage of the bulls in the short term.
Despite short-term growth of the token, its main trend is downward. For ascertaining the breaking of the bearish trend, bulls need to consolidate above the pivot at $3,8470.
Long protorgovki tool at the current level will allow the sellers to strengthen their position. Breakthrough support of $2,6870 open space bears to reduce the price to the design price of $1,9800 on the first key level of support.
XLM/USD
During the current trading session bulls on the market Stellar tested the key resistance level of $0,1365. On the impulse of false breakout of the level of the price of a currency pair XLM/USD peaked at $0,1384.
It should be noted that the moving average EMA30 strengthens resistance key level. The current value of the trend indicator – $0,1410.
On the course Stellar at this point in time is affected by the overall situation on the global stock market.
In the case of a long consolidation on the markets of the leading cryptocurrency should expect a rollback of quotations XLM/USD $0,1365. It is assumed that the support price of scriptactive bulls will form in the area of prices of $0,1120.
ADA/USD
At the time of the review of the market of the Cardano is trading at $0,0432 with lower quotations from a session’s high price at $0,0476. Support for the price of a currency pair ADA/USD will have a moving average EMA30, in the case of deep correction of the prices, at $0,0390.
For breaking the main bearish pressure buyers of cryptocurrency you want to see the price is above pivot level, the medium-term trend at $0,0515.
IOTA/USD
Since December 20, the bulls in the market IOTA attempted to overcome the resistance of the sales at the level of a trend reversal, at $0,3550. Session high price of the cryptocurrency is fixed at $0,3619.
The resistance tests confirmed the presence of large volumes of sales above the level of the price of $0,3550.
At the time of the review of the market the pair IOTA/USD is quoted at $0,3406 with a reduction in the quotes from the divergent level of the medium-term trend.
Given the nature of current trading data and technical indicators it is expected that temporary support to the price of the cryptocurrency bulls form is not below $0,3370.
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