Analysis of EOS, ADA, XMR as of 10/27/2018

Analysis of EOS, ADA, XMR as of 10/27/2018

Advice: remain neutral, wait for the exit from consolidation, stick to the bullish plan.

EOS/USD



Despite the low price of the asset, it is starting to gain momentum. At this point, according to our trading plan, we are expecting a bullish breakout. In this case, I would recommend waiting a couple of days. Once the price finally breaks above $7, traders can start buying dips and target $9. However, if the price falls below the stops at the October 15 lows, the price action will revert back to bearish. 


XMR/USD



As a result of the launch Bullet proofs, withdrawal of XMR from the Binance and Bittrex exchanges now costs clients only $0.01.

At the moment, the price of the coin is fluctuating at the lows of October 15. Since it is above $100 and below $120, we should stick to a neutral position. We are likely to see a bullish breakout above $120 soon, which will offset Monero's losses this year. Otherwise, a fall to $70 is inevitable. 


ADA/USD



There is no difference between weekly and daily volatility as long as the market continues to consolidate horizontally above the 7 cent mark. While we expect the price to rise to 9.5 cents, which would trigger a bull run, we also understand the implications of the price falling below 7 cents. So for now, I would recommend staying neutral but sticking to a bullish plan given the depth of the correction this year. A breakout in either direction will trigger trading with stops at the highs or lows of the breakout line. 


According to newsbtc.com

You May Also Like

2092022-08-14

Analysis and forecast for Bitcoin for the period from August 8 to August 13

Analysis and forecast of the Bitcoin picture for the period from August 8 to August 13 from the Kick Ecosystem analyst team.

Analytics
02018-12-15

Analysis of cryptocurrency pairs BTC/USD, XRP/USD and ETH/USD as of December 15, 2018

Yesterday's decline hit new yearly lows. The market consolidates slightly over the weekend

Analytics

Latest articles from Analytics category