Without a doubt, the decline in the price of BTC is literally pushing the prices of EOS, NEO, LTC and Monero down. I would recommend direct selling at any of the highs on short time frames
XLM/USD
Our trading plan remains valid. However, given yesterday's lows and bearish confirmation at $0.30, we cannot discount the possibility of further price declines, especially when looking at the four-hour time frame. I will monitor further price movements; bears may push prices even lower than $0.30 in today's session. After all, the $0.30 mark is our support line on the four-hour time frame, and this is a very important point in our analysis.
As before, I recommend waiting until prices reach the BB average and $0.40 before we can start buying.
XMR/USD
Our bullish forecast for Monero has come true. While we remained neutral, yesterday's confirmation means sellers can set up entries on the four-hour time frame and target $300 or $255.
The average BB and $300 remain our first support level and are very important to us as we pursue a bullish strategy.
$255 will be the 38.2% fibonacci and will be a possible signal for an extended bearish breakout.
EOS/USD
Even after a small glimmer of hope for price growth, the charts show that EOS is moving steadily downward. In my opinion, price movements today may be much slower than yesterday, and prices may fall below $7, which is our support level ahead of $5.8.
In any case, as long as the candle continues to be bearish, there is a high chance that the price will fall below $7, sellers in this case should set up entries and target $5.8
LTC/USD
LTC was a prime example of what I always say: patience is important. Yes, we could see a bullish breakout on the four-hour time frame, but the price collapse after that became much more significant.
With the bearish candle approaching the BB average and $200, there is a high chance that prices will fall to the February 14 lows of $150.
NEO/USD
Our sell triggers are now active, and since prices are now below the support line, we will trade NEO in a bearish strategy with targets at $60.
This is the low of February 6th, and the short-term bullish candle failed to settle above $155.Bearish pressure on NEO may even increase if today ends on sellers' terms, as this will mean that the candles will be located along the lower BB
According to https://www.newsbtc.com
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