NEO, EOS, LTC, IOTA, Lumens: Technical Analysis March 22, 2018

NEO, EOS, LTC, IOTA, Lumens: Technical Analysis March 22, 2018

Our highlight of the day is EOS. Even if most altcoins as NEO, LTC, Lumens and IOTA didnt record impressive gains, that surge and close above the middle BB is important.

Because of that and the fact that momentum is generally positive for most altcoins including EOS, bulls may as well look for buying opportunities in lower time frames.

Lets have a look at these charts:

XLM/USD (Stellar Lumens)

XLM/USD Bittrex Daily Chart for March 22, 2018

In a trending market, stochastics often provide a clear picture when it comes to the strength of underlying bears or bulls.

In this case, Lumens are obviously in a bull trend and even though recent gains have been low, it looks like buyers are pushing for higher prices. Indicative of this projection is the diverging %k and %d stochastics signals which already have a buy signal. Then again, from yesterdays analysis there is a stochastics buy signal in place.

As it is, buyers are finding resistance at the middle BB which from the chart looks to have been a huge obstacle for bulls in the recent past.

Nevertheless, I still recommend buys with targets at $0.40 with possibilities of further gains if there is a convincing break and close above the middle BB.

In the mean time, buyers should fine tune their entries in the 4HR chart and look to enter long when a stochastic buy signal prints or if prices explode past March 20 highs at $0.28-whatever happens first.

IOT/USD (IOTA)

IOT/USD BitFinex Daily Chart for March 22, 2018

From the chart, its obvious that IOTA buyers are finding resistance at the middle BB and the 78.6% Fibonacci retracement level at $1.45.

Even though we are net bullish at least in the short term, any bearish confirmation below $1 will most likely cancel signal bear trend resumption as per the weekly chart trend.

In my view, the best way to fine tune long entries is to wait until prices close above $1.45.

Alternatively, short term traders can wait for stochastic buy signals to print from the oversold territory in the 4HR chart because the daily chart stochastics is turning from the oversold territory.

After all, zooming in you can see bears are in charge and no wonder yesterdays bearish close. Anyway, if our bullish conditions are met and today ends up bullish, March 21 forecast will remain valid.

EOS/USD (EOS)

EOS/USD BitFinex Daily Chart for March 22, 2018

For the first time since the bearish trend on January 30, EOS buyers are trending above the middle BB. Furthermore, with March 21 bullish candlestick, there is confirmation of the Morning Star bullish reversal pattern meaning there might be further gains in days to come.

Evidently, this line remains a strong resistance line and with yesterdays breach, we can as well look for entries in the 4HR chart.

I will remain net long and advocate bull targets at $9.5 especially if prices continue to trade above last weeks highs of $6.2 or thereabout. Any pullback will be a loading opportunity as buyers recover previous losses.

LTC/USD (LTC)

LTC/USD CoinBase Daily Chart for March 22, 2018

Yesterdays candlestick looks like a doji meaning buy and sell pressures are equally matched. However, considering price set up, chances of LTC supporters edging higher as per our plan remains high.

Because of this skew-and with complementing stochastic buy signal-I will recommend longs with first targets at $190. Thats slightly above the 61.8% Fibonacci retracement level as visible in the daily technical chart.

Further appreciation may see prices testing $230 and thats where conservative positional traders may enter with tight stops just below $200.

NEO/USD (NEO)

NEO/USD Bittrex Daily Chart for March 22, 2018

Prices are stalling but regardless, as long as they are still held within March 20 high lows, chances of higher highs is elevated.

Remember, stochastics are generally bullish and with change of fundamental fortunes, there might be something nice in the offing for NEO. Our view remains constant and the moment buyers place their heads above $90, positional traders can enter with stops below $80.

All BitFinex, Bittrex and CoinBase charts courtesy of Trading View

21.03.2018 / 14:40 58
NEO, EOS, LTC, IOTA, Lumens: Technical Analysis March 21, 2018 NEO, EOS, LTC, IOTA, Lumens: Technical
It was our expectation that altcoin prices: NEO, LTC, IOTA, EOS and Stellar Lumens will continue edging higher as the market gets a reliever. But
NEO, EOS, LTC, IOTA, Lumens: Technical Analysis March 20, 2018 NEO, EOS, LTC, IOTA, Lumens: Technical
These high liquid alt-coins- Lumens, NEO, LTC, Monero, IOTA and LTC continue to edge higher. As per our expectation and as history shows, often
NEO, EOS, LTC, Monero, Lumens: Technical Analysis March 17, 2018 NEO, EOS, LTC, Monero, Lumens:
Be it a brief altcoins recovery or not, this is exactly what the cryptocurrency market needs. From Lumens, NEO, LTC, Monero and even EOS, there is
NEO, EOS, LTC, Monero, Lumens: Technical Analysis March 14, 2018 NEO, EOS, LTC, Monero, Lumens:
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
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
Comments (0)
Add a comment
Comment on