Analysis of altcoins NEO, EOS, DASH and Lumen

All altcoins are bearish and all coins have given up gains from last week's bull run. LTC, EOS, NEO, Lumen and even DASH are all on a downtrend and testing last week's lows

XLM/USD

So far, Lumen is in a downward trend and you can determine the end point of the bearish trend, which is at the intersection of the candle with the lower border of the triangle.

The fact is that this week was more bearish - we can track what happened over the past couple of days. If you look at the four-hour time frame, you will notice that the bearish momentum is weakening, while the candle begins to move away below the BB average, and the stochastic is in oversold territory.

This does not mean much, and is not the basis for our analysis, but it is a good clue for those looking for a buy signal. If the bullish engulfing candle moves prices above $0.38, then I would recommend going long, and if not and prices fall below $0.30 today, then we should look for opportunities to sell, because below this number a bearish breakout will begin.

DASH

Like Lumen, DASH is in a downtrend and if we look at the price development in the four-hour chart, we will notice that sellers are taking risks if the price falls below the BB level.

On the daily time frame, we are at a crossroads and would not advise buying or selling until there is a signal for the end of the bearish pressure. We remember that the average BB and the price near $620 remains the key mark and we still have to find out whether this will be a retest or the price will continue the bearish trend, despite the bullish mood that was last week. In my opinion, buyers need to wait for the price to rise, and if the price is above or equal to $620, then this could be a signal to buy and the candlestick just re-tested the middle BB.

EOS

Due to confirmation of yesterday's bearish sentiment, we remain neutral until we see what happens to EOS at $6 and $7. These are the lows of 2018, and in the short term they will affect the price. The average BB will act as our first resistance level at $9.5, being a bullish indicator, suggesting that there will be strong momentum at $7.

LTC

Judging by the chart, selling is prevailing over buying, and as yesterday's bearish pressure on LTC continues, there is a chance that the average BB and price will intersect at $160. We continue to stick to our strategy, and it remains to be seen how the token reacts at $180. If prices slow down, and if a bullish candle appears near the support level on the four-hour time frame, then bulls may enter the market with purchases. A price break below $160 cancels our bullish strategy.

NEO

Guys, all we can say is that NEO is falling above yesterday's low by $10 and the bearish trend continues for now. sliding. Before determining the trend, the price must test the $100 line.

According to https://www.newsbtc.com