The next few hours we should expect a price correction altcoins after their rapid growth during the last two trading sessions.
EOS/USD
On the background of a General market recovery EOS have overcome the resistance of the sales at the key level of $3,1202. Resistance session the pair EOS/USD met the dynamic level line moving average EMA30 with the current value of $3,3132.
At the time of market analysis the token EOS quoted the U.S. dollar at $3,2200. It is obvious that the correction has begun a local retracement EOS and its decrease is expected to the support level of $3,1202.
There is a possibility of deeper declines in EOS/USD, as on the four-hour chart of the pair with the RSI14 indicator has formed a bearish divergence, giving the market a step-down signal.
Sale EOS recommended from the current price level with targets of $3,1200 and $3,0190.
XLM/USD
Stellar 25 November found support for the first key support level of $0,1398. During the current trading session the pair XLM/USD posted a daily high prices $0,1650 while overcoming the resistance at the dynamic level, $0,1606.
At the time of the review market is trading at a Stellar $0,1608. The price of cryptocurrency is likely to continue to decline within the local correction of the uptrend.
On the four-hour chart XLM/USD with a RSI14 indicator remains bearish divergence. Temporary support price, the bulls will generate probably $0,1545.
The Stellar sales are the breakdown of the $0,1545 with order $0,1475 and $0,14,20.
ADA/USD
At the time of the review of the market of the Cardano is trading at $0,0407. Session high price of the cryptocurrency is fixed at $0,0417.
A few ADA/USD support EMA14 moving average with the current value on the price scale, the four-hour schedule – $0,0396. In the case of the price adjustment, it is expected that the decrease will reach to the next support level of $0,0396.
Data of the relative strength index RSI14 point to strengthening the position of buyers. RSI value in the purchase line indicator directed upwards.
In the case of a price increase Cardano on a strong pulse are recommended on the rebound of the quotes from the pivot at $0,0446.
IOTA/USD
IOTA during the current trading session demonstrating the highest growth among the ten largest crypto-currencies. Sessional maximum price IOTA fixed at $0,3099. At the time of the review of the market the pair listed at $0,3030.
It is expected that in the case of the correction of localized upward movement of the pair the price drops to a dynamic level of support from the moving average EMA30 with the current value of $0,2920.
Sale IOTA be useful to consider in the short term, the rebound rates from the level of a trend reversal at $0,3175.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.
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