Terrible weekend: the end of the week for the stock market? Response graphs
Source:Chart of Litecoin gradually draws a new bottom, and the coin was confident a new line below $ 30. Other altcoins also continue to decline. The bulls, however, there is still hope for a small respite — the market is heavily oversold and in the near future cryptocurrencies may slightly restore to the resistance lines.
theEOS
One glance at a 1-day chart EOS clear that the coin is still at the mercy of the bears. The asset fell below the 4 to $ 3.15 per dollar, before this line was considered as the main trigger to open short positions.
image Source — NewsBTC
Now the majority of traders expect a decline to $ 1.5, they're playing the shorts with stop loss above $ 4. In other words, be careful and sharp rebound above this level close your shorts. The wave of liquidations may make asset above 5 and even $ 7. However, the probability of falling is still very high.
theRecall the recent trade pair with LTC added to the exchange Bitex, which became available to UAE nationals. It happened just five months after the local financial regulator issued a set of rules for firms that want to work with digital assets.
image Source — NewsBTC
On the chart Litecoin is no clear potential for growth, as the cryptocurrency fell below support zone of $ 50. However, before continuing the bearish trend of the asset may again test the line so be careful with short positions.
theStellar
XLM yesterday also got, in the last days the rate has decreased by almost 20% and is 14.44 cents. Now traders need to look at the level of 30 cents.
image Source — NewsBTC
Rising above it the bulls will open the way to a new local maximum in the area of 50 cents. However, the coin is actively Shortt. Today she crossed the important level of 15 cents.
theCardano
In the last 7 days Cardano fell more than a third — is not the best indicator. Unfortunately, the bears will continue to put pressure on the price of ADA in the coming days.
image Source — NewsBTC
A Less likely scenario — the growth of above 6 cents. In this case, the bulls will have the strength to push altcon up to 10 cents, but count on a long-term uptrend is still not worth it.
theMonero
The situation with the XMR is also no different from most coins. While coin is more profitable and safer to short until a new zone of accumulation. The signal for possible growth will be the successful penetration level of 70 dollars.
image Source — NewsBTC
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