Most altcoins have not started to recover as expected, we should remain neutral until we wait for confirmation of our previous forecast
A recovery could happen today, I'm particularly keeping an eye on Monero, NEO and Lumens which are showing reactions at support levels.
Lumens and LTC moved horizontally along $0.30 and $180 respectively, and it is quite expected that a breakout may occur in the next sessions. Therefore, I will be keeping a close eye on these two altcoins.
Let's look at the graphs:
XLM/USD
Obviously the price action was positive yesterday, however Lumen is still moving around $0.30 which has been our level of interest for the last couple of weeks.
In my opinion, until the price breaks $0.35 on the daily time frame, we will stick to a bearish strategy and expect prices to fall below $0.25. We still have to wait for good buy/sell signals, just like in our previous forecast.
XMR/USD
Basically, Monero prices are falling at the moment, however, if you compare it with other altcoins, the bulls are not pushing prices down as much.
Yesterday's candle was bullish, but buyers can only open their positions when the price exceeds yesterday's high. В идеале, если начнется фаза восстановления, я ожидаю, что цены превысят отметку в $350.
For swing traders, I would recommend buying on every stochastic signal and placing orders below $250 in the short term.
EOS/USD
Following the March 10th price action, we expected buyers to push EOS prices higher, recovering the price from the March 9th dip. This did not happen, but the chances are still high that prices will recover in the coming sessions.
In my opinion, given the oversold stochastic, EOS buyers should wait for an opportunity for a long entry in the short term. Stops should be placed at the lows, which were on March 9 at $5.2.
On the other hand, conservatives should expect bullish confirmation at $9.5. Fibonacci 50% and BB average $7.5 could serve as the first bullish trigger level.
LTC/USD
The total increase in the value of LTC over the past three days was almost zero.. If the chart continues to move in this direction, we can expect the average BB to shrink near the $180 mark.
Remember that the main thing is patience. At this point, if yesterday's bullish candle continues to rise, chances are high that the $200 high will be reached.
NEO/USD
As long as NEO trades above $85 and %61.8 fibonacci, I would stick to a bullish strategy. Ultimately, $85 is a key support level in our analysis.
While yesterday's candle was bullish, I would recommend staying neutral until the price goes above $100. This will only happen today if buyers can push prices higher.
According to https://www.newsbtc.com
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