Stellar Lumens, Litecoin, EOS, IOTA, Tron Technical Analysis

Despite the stable prices in some altcoins as EOS and Litecoin, most coins under our review are yet to recover. IOTA for example is last week’s top loser shedding more than 50 percent on a weekly basis and is down 12 percent in the last day. Tron (TRX) is also on a down trend. The bad thing though is that with every low, sellers are pushing prices to oblivion. The only bright spot from yesterday is Stellar Lumens (XLM) which is up seven percent and most likely going to stabilize…

‘Game Over’ for Bitcoin, Claims Bearish Technical Analyst

If the bitcoin price falls below the important year-to-date support level, the dominant cryptocurrency will suffer irreparable damage in the marketplace. This is the opinion of Renaissance Macro Research, quoted by CNBC on Thursday Aug. 9. Bitcoin May Be ‘Permanently Impaired’ According to the financial analysis firm, what bitcoin is facing right now could be much more significant than just a brief bear run or a retracement. The cryptocurrency could in fact be facing an existential crisis, with its key year-to-date support level being the buffer between it and more…

IOTA Price Technical Analysis: No Room for Recovery

The IOTA token value on Wednesday tumbled by over 20% against the US Dollar. The IOT/USD pair in July had established a monthly high at 1.254-fiat. But owing to the cryptocurrency market’s poor health, the pair failed to sustain its peak and fell towards 0.881-fiat. The level proved to be a decent support and influenced IOT/USD to attempt a successful recovery. The pair, however, formed a consolidation range, never attempting a breakout above 1.254-fiat. On August 3, the IOT/USD slipped past its strong support in consequence of poor fundamentals. Reports believed…

EOS, IOTA, Stellar Lumens, Tron, Litecoin Technical Analysis

As altcoins drag lower syncing with Bitcoin (BTC) drop, fundamentals and technical formations are clearly divergent. Yes, sellers are in charge and are even cancelling the last Stellar Lumens (XLM) bullish attempts of mid-July. However, while we are yet to see proper sell signal below key support lines in Litecoin (LTC), EOS and IOTA for example, we have a bearish leaning thanks to trend resumption of last week and that strong bearish engulfing candlestick by week ending Aug 5. Let’s have a look at these charts: EOS Technical Analysis From…

IOTA, EOS, Litecoin, Stellar Lumens, Tron Technical Analysis

Even with our altcoins optimism, there seem to be no demand to buoy further higher highs. We can rightly see that in Stellar Lumens, Litecoin and IOTA charts. Most noteworthy from all altcoins under our review is IOTA which is simply ‘flat” despite announcement of IOTA Hub. This hub allows for easy exchanges integration and listing of IOTA. By all accounts that was bullish but as long as prices are below $1, we are neutral but with a heavy bearish leaning. EOS Technical Analysis From the News Dan Larimer, the…

XRP Technical Analysis Weekend Recap

If we may ask a legitimate question, what is draining crypto valuation and XRP in particular? With every new low, there is saturation of theories—flimsy and authoritative. No matter the explanation, it doesn’t really matter because at the end of the day, prices are down and your investment in XRP is taking a rather painful hit. Today we summarize why, despite all the down turns, there are valid and encouraging reasons to stay put and wait for the next big XRP bullish run: First, let’s talk about the welcoming Malta.…

IOTA, EOS, Stellar Lumens, Tron, Litecoin Technical Analysis

As fundamentals and coin related news thin out, so are buyers. At current spot prices, altcoins are weak and IOTA, EOS, Tron and XLM sellers are wreaking havoc, reversing last week’s gains. Overly, the bear break out pattern that is so clear in our daily charts might pan out. At the rate of this alt-coin price erosion, sellers might follow through confirming the trend resumption phase. EOS Technical Analysis EOS Daily Chart by Trading View Regardless of the increasing number of exchanges listing EOS and dApps launching on EOSIO, still…

Ethereum (ETH) Technical Analysis: ETH Bulls Shaky

The Ethereum (ETH) blockchain has different user case application and undoubtedly, that what generates value. It’s a proven platform that is secure and investors stand to reap big. At current prices, Ethereum (ETH) is stable, decoupling from BTC influence and likely to sink if at all bulls cannot overcome sellers aiming to reverse July 24 gains. From the News The Commonwealth Bank of Australia used the Ethereum blockchain for their international shipping and logistics. For demonstrations, they successfully exported and tracked 17 tons of Almonds from Australia to Hamburg, Germany.…

EOS, Tron (TRX), Litecoin, Stellar, IOTA Technical Analysis

The crypto market is back in loss making territory and as Tron (TRX) and EOS lead the loss with a cumulative drawn down of eight percent in the last day, Bitcoin dominance is up three percent to 48 percent. Both ways, judging from the chart, it seems like it is a disappointment for Tron (TRX) investors. As such, it’s highly likely that sellers shall set in and drive prices down. Let’s have a look at these charts: EOS Technical Analysis From the News Eva, a new ride sharing app that…

Bitcoin (BTC) Price Technical Analysis

SEC is taking a cautious stand and while Bitcoin (BTC) traders digest the news, it did register decent gains. In the last week for example, it’s up 10 percent adding to week ending July 22 buy demand. This recovery is likely opening up doors for a bullish Q3 2018. From the News Perhaps the disapproval of Bats BZX Exchange by the US Securities and Exchange Commission (SEC) to list the Winklevoss Bitcoin ETF dominated headlines over the weekend.  It might also the reason why the price of BTC took a…