On the markets of major altcoins, there remains the potential for the development of the medium-term uptrend.
EOS/USD
At the time of the market review of the EOS token to the United States dollar is trading at $2,8710. Medium-term trend of the pair EOS/USD is classified as ascending.
January 8, buyers hold the price of the cryptocurrency is above pivot level short-term trend $2,8315. The upward movement EOS supported moving average 30 EMA and the trend line.
Analysis of the four-hour schedule EOS/USD shows that the growth of quotations of the pair bears formed at the level of $2,9000. The breakout of the resistance at the indicated level will allow buyers to test the density of the volume of sales on the first key resistance level of $3,0140.
Data of the relative strength index show the advantage of buyers in the market: about two weeks RSI14 values are mainly in the field of purchases, at the moment, the indicator line turns up from the neutral level that indicates the probability of growth of quotations EOS in the short term.
Recommended buy EOS at the next bounce of the price of the token from the dynamic support level at EMA30 line with the current value of $2,3360. Target for short positions– $2,9000/$2,9460/$2,9980.
XLM/USD
As we predicted in the previous market review Stellar, the price of cryptocurrency, mainly under the influence of the bullish General market trends, has broken the upper boundary of the symmetrical triangle. The growth momentum pair XLM/USD 7 January, peaked at $0,1298.
The pair is currently trading at $0,1245 in a narrowing range with the upper limit on the key resistance level of $0,1285 and the lower boundary line of the moving average EMA30.
Data of the relative strength index indicates situational advantage buyers. Indicator values are held in the purchase, the RSI line turns up from neutral.
Buy Stellar recommended from the current price value $0,1245. Target for open longs – $0,1264 and $0,1284.
ADA/USD
At the time of the review of the market of the Cardano is trading at $0,0524 on the first line of key resistance.
Since the opening of the current session the bulls are trying to break through the sales resistance at the key level and gain a foothold above the line R1. The support level of ADA/USD has moving average EMA30 with the current value of $0,0492.
The nature of the current trading indicates that over the price level of $0,0524 sellers consolidate large volumes for sale Cardano.
These technical indicators point to the possibility of a rollback of the quotes of the pair from the key level, in particular formed bearish divergence on the four-hour chart ADA/USD with the RSI14 indicator.
Given the likelihood of correction of the upward movement of the pair ADA/USD, buy scriptactive recommended only after its completion.
IOTA/USD
At the time of the market review IOTA to the United States dollar is quoted at $0,3730. From 7 January, the pair is trading in a horizontal channel, the boundaries of which formed at key levels of $0,3620 and $0,3823.
Resistance session growth bears formed at the dynamic level, with a current value of $0,3763.
Given the situational advantage of sellers IOTA against the rising trend of cryptocurrencies in the medium-term trading period of an asset purchase recommended only after breaking the upper boundary of the horizontal price channel at $0,3823.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.
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