Analyze charts: whether altcoins will rise after the recent draining?

If you are waiting for something new from the stock market, we have to disappoint you — the crypt is still falling. Chart Tron, EOS, Stellar and IOTA shows a complete lack of wanting to buy altcoins. On the market there are only coin holders and those who are trying to “jump off a burning train.” Whether to sell at the bottom and did the bottom? Analysis of the top four violas below.

EOS

Even traditional markets are losing momentum after periods of high volatility. This property is clearly seen by EOS, Aldon only konsolidiruyutsya in the horizontal channel. Even the recent drain could not dislodge the asset of this track. At the moment the main support level for coins zone remains 4 dollars.

Image source — NewsBTC

Under it, bears have a lot of space for sales — after falling below $ 4, the asset will only stop at the level of 1.5 dollars. Signal for bulls will be the penetration levels 7 and $ 9, only after that we can talk about opening long positions.

Stellar

We will remind, earlier XLM was in the process of consolidation that resulted in the formation of a bullish flag. The pattern didn’t work, and the cryptocurrency fell back to their previous level of support.

Image source — NewsBTC

Buy Stellar better after going above $ 0.25. Drop below 15 cents will signal for another wave of drain.

Tron

The Creator of Tron Justin Sana is always the best way to keep informed of your token. The other day he tweeted about the partnership with “industry giant a market capitalization of tens of billions of dollars.” As always, details of the deal remained secret.

One tweet San gave a good impetus for the TRX, but even he couldn’t roll back the token above 0.028 dollar. However, buyers have all chances to overcome this mark. In this case, Tron could grow up to 0.04 USD.

Image source — NewsBTC

Don’t forget that in the stock market very well, the rule “sell the news”. After the official announcement of the partnership is likely to be followed by a dump. Be careful in trading and use stop losses.

IOTA

But the IOTA everything is not the best way — cryptocurrency steadily slipping to a new support at 30 cents. Recently this asset has also formed a bullish flag, which has also been broken down.

Image source — NewsBTC

However, if buyers have the strength for the development of the dynamics above 60 cents, we can expect an increase up to one dollar.

The analysis of graphs carried in the Platform.

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