EOS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis: Alt-coin Buyers Going Full Throttle

2018-7-18 03:02

Safe IOTA and Tron, Litecoin and EOS were particularly slow yesterday. That’s even at the backdrop of solid news of Peter Thiel investment at Block One, Moon Zebra launching new Litecoin supporting ATMs at Malta and Tron burning 92.4 billion ERC20 tokens. Overly though, we remain bullish and expect Q3 to be a spring board for Q1 and 2 bear reversals.

Let’s have a look at these charts:

EOS Technical Analysis

EOS Daily Chart By Trading View

The announcement from Block one that is has received investment from Peter Thiel, the co-founder of PayPal and a member of board at Facebook was but timely. But that’s not the point.

https://t.co/LgcclYjBIb Closes Strategic Investment Round Led by Peter Thiel and Bitmain https://t.co/aM7aFuwyDE

— EOS (@EOS_io) July 16, 2018

The fact that Dan Larimer, the co-founder of EOS said that he was excited to receive funds from world-renowned investors as Jihan Wu of Bitmain and Hedge Fund managers as Alan Howard and Louis Bacon tells a lot of the future plans of EOS.

So far, not only does EOS register high transactional volumes as seen from Blocktivity but we are also seeing the network registering high through puts. At one point, for example, the network was processing 2351 TPS.

Price wise yesterday was pretty rapid and EOS bulls did follow through July 16 bulls. Because of this, traders out to ramp up their longs on every retracement in lower time frames and trend with this intermittent trend.  As it is, everything is in line with our previous price projection and we shall hold the same preview with aggressive traders buying on dips with stops at July 13 lows at $13.

Litecoin (LTC) Technical Analysis

Litecoin Daily Chart By Trading View

Malta and a couple of other Asia nations as Japan for example are proving to be the backbone of cryptocurrencies. Not only are their stock exchanges supportive of cryptocurrencies but their policies are pro blockchain development.

It’s no wonder that a start up Moon Zebra is now launching General Bytes cryptocurrency ATMs in Sliema. This way, average users who don’t find it easy to transact at exchanges as BitStamp can easily buy or sell Bitcoin and Litecoin for Euros.

"Moon Zebra ATMs, clients can buy or sell Bitcoin and other coins in a quick and simple manner." https://t.co/eQwjjRRemI

— MaltaChamber (@Malta_Chamber) July 9, 2018

As the positivity permeates so are traders willing to exit their shorts and tune in with buyers aiming to lift prices back to $110. In line with that, traders can begin loading up with every correction in lower time frames even though trade volumes are low. Ideally-and this is a reiteration, we need to see pumps-with high volumes-above $90, the upper limit of this $20 trade range before conservative join in the party.

Stellar Lumens (XLM) Technical Analysis

Stellar Lumens Daily Chart By Trading View

Shortly after Tempo, we now have Stronghold USD, a stable coin, describing themselves as venture Capital backed and with ambitions of stabilizing the volatile cryptocurrency market.

It will launch on the Stellar platform and in collaboration with IBM, the financial company, will “explore” on how their stable coin shall be of use to blockchain based businesses mainly within the banking sector. Behind Stronghold is Prime Trust, a trust whose main aim is to liquidate cryptocurrencies for fiat.

Check out all the news buzz today with IBM's new exploration of USD-pegged stable coin from Stronghold on https://t.co/0PO9bMZFsj.  Change is coming to banking and payments. This is just the beginning.  Welcome to the revolution.   https://t.co/4TGHMn0lH5

— Jesse Lund (@jesselund) July 17, 2018

Back to price action and our long trades are live following that break out above 22 cents on July 16. While we did see a strong follow through after that high volume candlestick, we expect to see further gains today and through this week.

As before, our first targets lie at 30 cents and in that regard buying on pull backs retesting 22 cents would be a perfect trading plan. Safe stops would be at 20 cents or July 15 lows.

Tron (TRX) Technical Analysis

Tron Daily Chart By Trading View

It’s obvious that the team behind Tron want to see a fully functional blockchain with its own coins priming the network. Therefore, in that regard the Tron Foundation did destroy almost 92.4 billion TRX ERC20 tokens and you can actually track and see this figure from ETHScan.

92424664154.355837 #TRX ERC20 tokens were burnt by #TRON Foundation. $TRX https://t.co/o37vo9Z3Ej

— Justin Sun (@justinsuntron) July 17, 2018

These tokens are from Binance and other exchanges which have completed token migration and now support TRX coin withdrawal and deposit.

Yesterday’s price action cements our trade plan. Notice the high volumes injecting momentum from July 16 bullish candlestick.

Now as before, we can begin buying on dips at current spot rates and go full throttle once buyers edge above 4 cents. Either way, our first targets would be at 8.5 cents with stops at July 16 lows at around 3.5 cents.

IOTA (IOT) Technical Analysis

IOTA Daily Chart By Trading View

Buyers are definitely in charge and even though prices are moving inside a trade range, it’s possible that bulls would have enough momentum to break and close above $1.3, our buy trigger.

Nonetheless, we can open a small position today and try ride with the bulls loading with every pull back. Once our buy orders are filled at $1.3, my suggestion would be to go full throttle buying on dips with eyes on May and June highs at $2.5.

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

The post EOS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis: Alt-coin Buyers Going Full Throttle appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

TRON (TRX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.1171
Капитализация $0 Rank 99999
Цена в час новости $ 0.0398659 (-100%)

tron litecoin eos iota throttle full buyers

tron litecoin → Результатов: 41


Фото:

Анализ альткоинов: VeChain, Tron, Litecoin

Распродажа на рынках BTC и ETH оказала волновое влияние и на остальную часть крипторынка: Litecoin, Tron и VeChain зарегистрировали медвежьи движения. Куда отправит новая волна цены на графиках?

2020-8-3 15:21


Tron(TRX) Slides after Postponement of Super Representative Elections: IOTA, EOS, Tron, Stellar Lumens and Litecoin Technical Analysis

Yesterday we were supposed to see the final push and declaration of Tron Independence. But as with all mainnet launches in this space, it’s but a disappointment. Coin migration from Ethereum is still in progress and this mean Tron election of their 27 Super Representatives of super nodes as dPoS demands will be put off.

2018-6-27 03:02


To TRX Coin Holders: “Mainnet Launches Often Clip Price”: Tron, IOTA, Stellar Lumens, Litecoin and EOS Technical Analysis (June 20, 2018)

Over all, yesterday was a pretty good day for alt coins. Fact is we saw higher highs in most coins under our radar and spearheading this recovery was Tron. At some point, Tron was up 20 percent and this comes some five days before Tron’s mainnet launch which like others often come with dip in.

2018-6-20 03:02


If Bitcoin isn’t a Security According to SEC, Which Coins are? : IOTA, EOS, Stellar Lumens, Litecoin and Tron Technical Analysis (June 16, 2018)

Overly, sellers did spring back to action and completely reversing June 14 gains in some coins as IOTA. However, in the midst of all sells, Stellar Lumens is resilient losing three percent. On the other hand, IOTA reversed 100 percent of their 24 hours gains with lows testing minor support at $1.

2018-6-16 03:02