On the background of positive news altcoins reduce losses in price the last two days.
At the time of the market review of the EOS token is traded for $2,4950 against the local minimum – $2,2431. Unexpected price surge on positive news for the global stock market as a whole, allowed the bulls in the market EOS display quotes cryptocurrency above the dynamic resistance line EMA14-$2,4000 and over the strong resistance line of the correction 50,0%-$2,4246.
Session high the pair EOS/USD was fixed at $2,5400 and currently is adjusted above the upper boundary of consolidation of prices in the period 10-13 January – $2,4900-2,4246.
How much has changed the bearish sentiment in the market, the price of the EOS will probably demonstrate before the conclusion of the current session.
For the development of the upward movement EOS, in the short term, the markets need to consolidate additional volumes with a lower bound of the range above the price of $2,4246. Roll back pair of EOS/USD falls below the specified level will indicate the speculative nature of the current growth of quotations of scriptactive.
C 10 Jan Stellar trading range of $0,1142-0,1052. The increase in volatility observed since January 13. Among the ten largest altcoins the last 24 hours Stellar retains the most powerful position, staying above confirmed earlier support level of $0,1052.
At the time of the review of the market the pair XLM/USD is quoted at $0,1130 supported on a dynamic level that the bulls form a line MA14 with the current value on the scale of the four-hour schedule – $0,1094.
After the market surge in prices in the second half of this session, the bulls in the market Stellar show strong enough support for the price of cryptocurrency and probably before the end of trading on 14 January, will test the resistance of the sales on the top of the range $0,1142.
In the case of the breakout of the resistance at the indicated level buyers cryptocurrency will significantly reduce the risks of a collapse of prices below the retracement level of 78.6%. The output of the Stellar prices above the key level of $0,1210 will attract additional volumes on buy to restore medium-term uptrend.
At the time of the review of the market of the Cardano is trading at $0,0451, against the attempts of bulls to break the resistance level sales price correction of 38.2%-$0,0453.
Moving average EMA14 with the current value of $0,0434 supports the growth of a pair of ADA/USD. In case of a rollback of quotations from the resistance level, it is expected that the price of scriptactive will be adjusted is not below the dynamic level of support $0,0434.
The value of the relative strength index is in the field of active purchases, the line indicator is supported by the moving average EMA14, however, tends to pivot down from the border with the overbought region, indicating a weakening upside momentum.
There is a high probability of correction of short-term upward movement in the range of $0,0448-0,0434.
Before the end of this session, the bulls in the market IOTA have the technical ability to cover the profit loss of the day.
At the time of the review of the market the pair IOTA/USD is trading at $0,3112, above the level of the price correction 50,0%-$0,3078.
The current price of the cryptocurrency supported EMA14 moving average with a value of $0,3042. The value of RSI7 indicator is in purchases area, the indicator line turns down, which indicates probable correction of the short-term uptrend.
The price movement suggests that the correction will be short-term, but buyers will form support not below the dynamic level of $0,33042.
The nearest target buyers that they need to achieve to reduce the risks of the collapse of prices is at the level of the price correction 38,2% – $0,3315.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.