Market overview: how to behave in the most popular altcoins this week?

From the point of view of fundamental analysis this month was very successful for kriptonyte. Recently, representatives of the Foundation Grayscale said that institutional investors are increasingly showing interest in Bitcoin and Aldona. With almost half of recently surveyed the major players in the market are ready to invest in ICO. The effect of these news can be seen on long-term charts of the most popular altcoins.

The contents

Dash

Trading pair DASH/USD broke out of the support zone in the area is 64 dollars and continued upward movement. Now it is moving towards the resistance line of $ 103.

Source: TradingView

Given the market price of the asset, it could be a good candidate for opening a long position in the near future. Above the zone of 100-105 dollars next resistance will occur only in the region of $ 175.

NEO

This Aldon for a long time, trading in a narrow horizontal channel. Now NEO close to its upper bound. If testing the last will end with a line break, I suggest to open long.

Source: TradingView

At the moment it is better to abstain from trading a couple NEO/USD and to turn their attention to other coins.

Binance Coin

Price BNB is also preparing to test the local line resistance at $ 10. This area since August of 2018 is a very difficult hurdle for the bulls.

Source: TradingView

Technical indicators on a 1-weekly chart of BNB/USD indicate a rise, so after breaking out of resistance too, should open a long position.

EOS

In the case of EOS , traders should focus on the 20 EMA line in a scale of 1-week schedule. While the price of cryptocurrency is under the moving average, growth in the medium term should be expected.

Source: TradingView

If the break line would be successful given the large trading volumes, then the next resistance will serve the area 3,8723 dollar.

Ethereum

Yesterday the Ethereum showed some of the best results among the top 10 coin market. Cryptocurrency has almost reached $ 150 and going to test another resistance.

Source: TradingView

At the moment we recommend to wait for the resistance breakout. A large part of the price movement has already taken place, so long there can be dangerous.

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