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EOS, XLM, ADA. Technical analysis and course forecast for March 1-2, 2019

By the end of the current trading week in the markets of the largest altcoins marked increase in bullish trends.


The spring trading period for the EOS token opened with quotes of $ 3.5660, above the reversal level of the medium-term uptrend with a mark on the price scale of the daily chart – $ 3.4710.

At the time of the market review, the EOS / USD pair is quoted at $ 3.6316, with quotes rising towards a local maximum of $ 3.7160. It should be noted that the closest resistance to the growth of cryptoactive assets is at $ 3.6800, a breakdown of this level will open up the bulls not only for updating local price minima, but also for moving to the psychological price level of $ 4.0000.

March 1 EOSUSD 1D
March 1 EOSUSD 1D

An analysis of the daily EOS / USD chart shows that bulls have an advantage in the market. Despite the collapse in quotes on February 24 from the annual maximum at $ 4.5370, the relative strength index values were consistently maintained in the area of purchases.

The price of a coin is maintained by an exponential moving average with a hundred-day settlement period. Strengthens bearish signals in the EOS market by forming an “ascending triangle” pattern with a target level for longs at $ 4.0350.


Analysis of the daily chart XLM / USD shows that the nearest resistance level, above which the upward movement of the pair is constrained by large sales, is at a dynamic level with the current value of $ 0.0882, formed by the bears along the thirty-day moving average.

The pressure on the current price of the Stellar short moving average indicates a strong advantage for sellers in the medium term. Nevertheless, the intensification of bullish tendencies on the global crypto market will attract new buyers to the Stellar market and will likely provide the highest growth rates for the coin. Altcoin is currently rated as one of the most resold in the top 20 cryptocurrencies.

March 1 XLMUSD 1D
March 1 XLMUSD 1D

At the time of the market review, the XLM / USD pair is trading at $ 0.0867 with an increase in quotations from the level of the mid-term trend reversal with a mark of $ 0.0865. It is assumed that before the end of the current week, Stellar will test the resistance of sales at the local level of $ 0.0915, at the nearest approaches to the key level of $ 0.0960.


From February 26, Cardano is consistently trading with support on the line of the short moving average EMA30 with the current value of $ 0.0426 on the price scale of the daily chart. The ADA / USD pair has maintained a strong position in terms of technical analysis, holding on after the February 24 price decline above the mirror support-resistance level of $ 0.0410.

It should be noted that the level of reversal of the medium-term trend, calculated according to Fibonacci for a new thirty-day trading period, is at the level of $ 0.0430 and at the time of the market review, the ADA / USD pair is fixed above the pivot.

March 1 ADAUSD 1D
March 1 ADAUSD 1D

The values of the relative strength index in the last week are held above the neutral level on the indicator chart, and the RSI14 line tends to turn upwards, which is applicable to the daily trading period indicates the situational advantage of Cardano buyers and increases the probability of an upward price movement of the cryptoactive in the short term.

It is expected that the strong resistance of the ADA / USD pair will meet in a narrow range of $ 0.0450-0.0470, on the way to the strategic goal for the development of an uptrend, the key resistance level of $ 0.0486.

Trading recommendations are not a guide to action. Following the recommendations, you assume the associated risk of loss of funds.


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