NEO, EOS, LTC, Monero, Lumens: Technical Analysis March 14, 2018

NEO, EOS, LTC, Monero, Lumens: Technical Analysis March 14, 2018

While there is an obvious slide of altcoins prices, there is hope for EOS, LTC and NEO. Technically, these charts are hinting of possible price appreciation with series of higher highs at lower time frames happening at key support lines.

NEO prices looks interesting and not only are sellers testing the main support line in the weekly chart but a buy signal in the daily chart and rejection of lower lows in the 4HR chart may mean a lift off past $90. On the flip side though, sellers can further erode prices and drive NEO to $55.

Lets have a look at these charts:

XLM/USD (Stellar Lumens)

XLM/USD Bittrex Daily Chart for March 14, 2018

Besides the strong bear Lumens trajectory, there is nothing much that can be said when it comes to price volatility. Fact is, since March 9 pin bar, prices have been slow and moving within that candlestick with no clear cut gains.

From a positive perspective, the middle BB at $0.30 is our logical resistance line. While Lumens prices are $0.02 from our key support line at $0.30, the rate of depreciation hasnt been that rapid to warrant a bearish break out and consequent sells.

In my view, prices can still go two ways. Either buyers feed the already bullish momentum or sellers continue with their drive towards $0.20.

The odds of the latter happening remain high and as long as prices trend below the middle BB and $0.30, bulls are subdued.

XMR/USD (Monero)

XMR/USD Bittrex Daily Chart for March 14, 2018

From the charts, $250 remains pivotal for our analysis. Its a key line that can either make or break Monero prices in the short to medium term and as it is, yesterday, there was a break below this key support line.

Even from a top down approach, sellers appear to be in charge and in the weekly chart not only are prices confirming last weeks bear pressure but are now below the 20 period MA.

However, before we go head first and sell, its imperative that todays candlestick confirms that view. I would like to see prices breaking past $230 or February 12 accumulation and thats when I will be recommending shorts on any pull back towards $250.

EOS/USD (EOS)

EOS/USD BitFinex Daily Chart for March 14, 2018

Admittedly, altcoins prices and those of EOS in particular have been in accumulation. Honestly, thats quite boring for traders who benefit from rapid price fluctuations. Like yesterdays view, our bullish overview is still intact. As long as sellers cannot push prices below March 9 lows of $5, then odds of a bullish comeback are high.

Besides, as per our hint, these side-way movements and higher highs relative to the lower BB can be positive for buyers. However, that is only valid if there is a push above $6.5 in line with the already bullish stochastic momentum.

Thats my expectation today and if that happens, then on March 15, buyers can buy on dips with stops at $5.

LTC/USD (LTC)

LTC/USD CoinBase Daily Chart for March 14, 2018

Generally, trading this coin has been tricky considering LTC prices have been ranging over the last couple of days. Well, even after yesterdays bearish candlestick, a clear stochastics buy signal is visible at the secondary chart.

Now, here is my view and trade plan for LTC.

First, we shall use March 9 high lows at $190 and $155 as our immediate resistance and support since prices have been moving along $180. It is not that reliable and $180 looks like a median price. If there is a break below $155 today, then we shall cancel our bullish forecast.

On the contrary, if buyers follow through and momentum increase leading to a break above $190, then buyers can think of going long. Otherwise, I know it gets boring but we are still neutral on this pair.

NEO/USD (NEO)

NEO/USD Bittrex Daily Chart for March 14, 2018

Now, even though its clear that NEO prices are trickling lower, I cannot suggest shorting this pair. The time is not ripe and you might ask why.

Well, in the weekly chart prices are at the periphery and testing the main support-the middle BB. In the daily chart, sellers seem to be on the lead yes but somehow stochastics are at the oversold territory with a buy signal.

These are conflicting set of data and patience is an asset now. In my view, there is a high probability of prices bouncing back and closing above $90 than further price erosion towards $55.

It is for this sole reason that Im neutral but ready to hop in and recommend longs our first condition happens.

All BitFinex, Bittrex and CoinBase charts courtesy of Trading View

14.03.2018 / 00:04 95
Bitcoin Price Technical Analysis for 03/14/2018  Waiting for a Triangle Break Bitcoin Price Technical Analysis for
Bitcoin Price Key Highlights Bitcoin price has formed lower highs and higher lows, creating a symmetrical triangle pattern on its 1-hour chart.
Cardano Price Technical Analysis  Can ADA/USD Break This? Cardano Price Technical Analysis Can
Key Highlights ADA price recovered from the $0.1850 swing low against the US Dollar (tethered), but faced sellers near $0.2230. There was a break
Altcoin Daily Technical Analysis: NEO, EOS, LTC, Monero and Lumens Altcoin Daily Technical Analysis: NEO,
Most altcoins didnt recover immediately as expected and even though most are, we shall remain neutral until after there is confirmation of our
Altcoin Analysis: NEO, EOS, LTC, Monero and Lumens Altcoin Analysis: NEO, EOS, LTC, Monero
The recent Monero surge has been impressive and at the moment, prices are testing a key resistance line at the 38.2% Fibonacci retracement level. We
Bitcoin Cash Price Technical Analysis  BCH/USD Testing Key Support Bitcoin Cash Price Technical Analysis
Key Points Bitcoin cash price was not able to move above the $1,280 and $1,290 resistance levels against the US Dollar. There is a key bullish trend
Altcoin Analysis: NEO, EOS, LTC, IOTA and Lumens Altcoin Analysis: NEO, EOS, LTC, IOTA
Of the 5 altcoins under our focus, I will recommend Lumens and EOS buys considering latest price action development. Yes, there is some minor
Comments (0)
Add a comment
Comment on