Analysis of EOS, ADA, XMR as of 10/25/2018

Analysis of EOS, ADA, XMR as of 10/25/2018

Overall, traders are bullish and expect prices to break through the key resistance line as ADA/USD and EOS/USD begin to gain traction. This could indeed happen, given that the possible launch of a Bitcoin ETF will not only boost the price of Bitcoin, but also the growth of altcoins.

Let's look at the charts:


EOS/USD



At the moment, the price of EOS is fluctuating in narrow price ranges on weekly and daily time frames. Experienced traders see this as an opportunity to buy dips on lower time frames. We maintain a bullish forecast and, if the price does not fall below $4.5 or $4, we expect the price to rise to $7.


ADA/USD



According to the statement Charles Hoskinson, founder of the Cardano platform, the Trezor hardware wallet will add ADA support in the near future. 

According to our trading plan, we remain neutral as the price of ADA is currently fluctuating in the 1 cent range. Our plan is for ADA to break through the resistance line at 9.5 cents.

If ADA price breaks the major resistance line at 12 cents, conservative traders can buy the dips and target 20 cents.


XMR/USD



Even though the Monero price is trying to show gains at the moment, I recommend taking a neutral position until the bulls push the price above the $120 resistance line. More aggressive bulls will target the $150 mark, which is another important buy signal.

However, any price drop below the $100 mark will signal the first wave of selling with targets at $70 and $30 if the momentum is strong enough.


According to newsbtc.com

You May Also Like

112018-12-19

Analysis of EOS, Stellar Lumen, Bitcoin Cash and Litecoin as of 12/19/2018

How deep will today's pullback from the overnight high be? Will growth continue?

Analitics
02018-11-25

Market overview of the main cryptocurrency pairs for the current week (from 11/19/2018 to 11/25/2018)

In today's review, as always, we summarize the results of the outgoing week and analyze the overall price dynamics

Analitics

Latest articles from Analitics category

Fresh video on our Channel