This aggregated story was originally published on this site. Follow the link in the word Story at left to read the full article.
Though altcoins are finding reprieve following rapid depreciation mid this week, the fact that most are trading at new 2018 lows as IOTA, Litecoin while some as EOS and Stellar Lumens are retesting important support line means the market might add to their losses in coming days/weeks. However, there are potential upsides especially if the SEC comes up with favorable decision on VanEck SolidX Bitcoin ETF–the reason behind recent market fracture.
h2 data-trid=”298″>EOS Technical Analysis
EOS Daily Chart by Trading View
Two days of high volume, high trade range trading days saw EOS prices plummet below our intermittent support and sell trigger line on Aug 7 and 8.
On a weekly basis, that was a 22 percent decline in prices and as expected, confirmation of such events are not usually accompanied by high volumes or trading ranges.
p data-trid=”307″>In fact prices tend to
View the full story:
Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: Altcoins Stabilize and Likely to Retest Recent Break out Levels