As yesterday's rise of altcoins affected the stock market?
Source:
Yesterday, a lot of altcoins rose against the dollar. If in the near future to the crypt nothing bad will happen, traders are likely to continue to buy coins on pullbacks down. So now it can form a local uptrend on the charts of the five most popular altcoins.
theEOS
The EOS Volatility rose, the bulls now have the situation with the auction under its control. For the past day coin went up by almost 4 percent, which is a very good result in a bear market.
Due to yesterday's pullback on the 1-day chart gradually began to form the bottom. A rise above $ 7 will be a true sign to open long positions.
image Source — NewsBTC
However, some experts have different opinion about the EOS. Recently, the developer of Bitcoin Jimmy song that EOS is Scam, and people should get a coin party.
theLTC is still in the horizontal channel, which stretches from 50 to 70 dollars. Yesterday, the cryptocurrency has grown by five percent, which saved her from the drain below the support channel.
image Source — NewsBTC
For the moment, there are no clear signals to buy Litecoin. We recommend you to watch the 1-day schedule cryptocurrencies. At a penetration level of 70 dollars it is already possible to open a long position.
theStellar
Yesterday XLM grew by almost six percent, but the bears have not allowed the asset to gain a foothold above $ 0.25. Scale 1-daily chart we can observe a large upper shadow of the last candle that indicates a strong pressure of sellers.
image Source — NewsBTC
There will also work a waiting game. Now the asset should not fall below 18 cents. Otherwise, the next key support level will be the area 8 cents.
theTron
The Price of the TRX is in a very narrow horizontal channel since mid-August. Recently, PAMP has become a promising sign for further growth, but the coin still could not break the upper boundary of the channel at the level of 0.02 dollar.
image Source — NewsBTC
Unfortunately, even the loud statements by Justin Sana help Throne. Currently we recommend to refrain from trading Aldona.
theCardano
ADA is a very difficult situation — the coin literally «sandwiched» between short-term downtrend and the support line. A break of either of these borders will be a clear signal to open a trading position.
image Source — NewsBTC
While Cardano increased by three percent. For a long-term uptrend bitcoin you need to break the level 12 cents. The following objectives for taking profits 20 and 40 cents.
Analysis of schedules prepared .
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