There are risks of the next wave of reduction of prices of the largest altcoins during the trading session on December 5.
EOS/USD
After the breakdown of the 3 Dec key support level of $2,8000 price EOS recorded a new yearly low at $2,3019. At the time of the review of the market the pair EOS/USD is quoted at $2,4774.
Support prices the bulls confirmed on the third key level of $2,3840. During the current trading session token price touched $2,6600, however, the resistance of the sales at $2,6400 the bulls failed to overcome.
Under the pressure of short-term General market downturn buyers retreated from the busy day-level price of $2,5500.
Couple EOS/USD is in a corrective phase down wave from 1 December. Recommended sale EOS on the price breakout from the resistance level of $2,6400 with order $2,5310/$2,3840/$1,9800.
XLM/USD
On the market Stellar bulls consolidate large volumes for the purchase of an asset in the first key support level of $0,1438 that prevented a collapse of quotations in the price range of the November lows of $0,1400-0,1360.
At the time of the review of the market the pair XLM/USD is trading at $0,1507, with a decrease of the dynamic resistance level of $0,1542.
Temporary support pair XLM/USD buyers will form at the price level of $0,1472.
It is expected that sellers will increase the sales volume in the current session and test the price support at the key level of $0,1440.
In case of confirmation of breakout of the support level at $0,1440 recommended short-term sales goals with a Stellar $0,1390 and $0,1360.
ADA/USD
At the time of the review of the market price of Cardano to the local support level of $0,0378. During today’s trading PA ADA/USD wave decline from the December 2 hit a new low at $0,03675.
The volume of purchases of the cryptocurrency from the level session lows helped to develop the short-term growth Cardano, but these volumes were not enough to absorb the sellers at the level of a trend reversal $0,0405.
Short-term trend of the pair is in a downtrend, and we should expect that the auction session, on 5 December, the bears will attempt to break the key support level of $0,0362.
Sale Cardano, with the least risk, are recommended at the next bounce of the price from the dynamic level of resistance, which bears form a line EMA14 with the current value of $0,0394. Target for short positions– $0,0376/$0,0362/$0,0348.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.
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