Red Friday: what will happen to Althingi next?
Source:
Almost all altcoins coins from Coinmarketcap top (in addition to ) is now trading below its major support levels. The fall of the stock market continues, and the most famous cryptocurrency every day to update their bottom. Now the behavior of altcoins is largely dependent on Bitcoin, which has not yet committed to change its trend. Let us examine in detail the situation on the charts.
theEOS
As before, the EOS is in free fall. Falling below $ 4, the coin continues its movement to the bearish targets at the level of 1.5 dollars. If this line can not stand, there is a high probability of further decline to 50 cents.
image Source — NewsBTC
In the near future, it is recommended to refrain from trading Aldona. The market situation is not the best, he is unlikely to break even asset not to mention profits.
theLitecoin
But Litecoin still have a chance to turn around a bit. The price of cryptocurrency has already bounced from the support level in area $ 27. True, it is not to succumb to temptation and long trades value.
image Source — NewsBTC
For strong growth in the pair lacks momentum. To appeared on the market of fuel for the new bullrun, buyers need to overcome the line resistance in the zone $ 35.
theStellar
The XLM for a very long time maintained its position in the market, but the recent sharp drop of all digital assets reflected on it. The support level of $ 0.15 punched, now the coin drops to bearish targets 8 cents.
image Source — NewsBTC
Here, too, we recommend you not to get involved in trading on a stock exchange. Judging by the technical indicators, Stellar's still room to fall.
theMonero
Recall, Monero is already available on . The coin itself is not issue any positive signs. Like the EOS, XMR is in free fall.
image Source — NewsBTC
It is unknown where the search for DNA lead Monero at this time. Now the next support area on 1-day chart can serve as a level of 30 dollars.
theCardano
ADA was one of the worst investments this year. Today, cryptocurrency has managed to refresh historical low at some exchanges. Positive fundamental news, technical analysis talking about selling. However, if in the near future the mood will still change, Cardano could test resistance in the region of six cents.
image Source — NewsBTC
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