Analyze graphs: altcoins again in free fall
Source:
Today the stock market again not feeling well for the past day most popular altcoins have noted quite a strong decline, some of them even broke their key support levels. The situation in the market is tight, as it is under the threat of a new drain.
The Overall situation looks like this:
the-
the
- capitalization of the stock market decreased to 114 billion; the
- , the price fell below the support zone of 2.40 dollar; the
- has lost more than 7 percent of its value in days; the
- after a few weeks of rapid growth shopping the couple went to roll back; the
- price again in bearish zone below the support at 0.04 per dollar.
Graphs of almost all coins shows a persistent bearish trend. Let us consider each of them.
theTechnical analysis
Last week, the Cash was not able to break through the resistance line at $ 130 and fell back down. Now the asset price is on its way to the area of $ 100 — there was placed a new psychologically important level of support. The same applies to EOS — after a failed test of the resistance Aldon fell almost to 2.30 to the dollar.
At this time, holders of Tron come to life after a heavy fall of cryptocurrency that «erased» almost all of its growth over the past week. Try «to buy bottom» TRX/USD is very dangerous, so I advise you to refrain from opening trading positions.
Source: Included
Cardano fell below support zone of 0.04 USD, which is a relatively «good» sign to open a short trading position. In any case, the rapid growth of the pair ADA/USD in the near future will take place exactly. This is also the chart says the market capitalization of the market. If the trend continues for another couple of months, it may well fall below $ 100 billion.
We Remind that the rates of cryptocurrencies better to follow .
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