There is the possibility of a trend reversal in case there is a break out of the price at $0.18 supply zone, traders should wait for the breakout at the upper supply zone or break down at lower demand zone to occur before taking a position.
Stellar has been ranging between these levels ($0.2 – $0.18), We may expect the break out of the price at $0.2 supply levels which may leads to increases in the rates.
XMR continues its downward trending after breaking of $130 distribution level, the pair will experience further downward movement and get exposed to another strong accumulation level at $55.
TRXUSD continues its bearish movement in the long-term outlook, there should be caution and patience in taking positions as the price could reverse its movement upward in case there is enough bullish pressure.
Last week, the EOSUSD was bearish, there is currently some form of consolidation in the market, which denotes a “pause” before the market resumes its movement.
The Long-term trend of ADA remained bearish throughout last week; things are much oversold in the market, and that signals a possibility of a reversal.
Stellar has been engaged in continual bearish movements, owing to fundamentals that aid the current bearish outlook; the cryptocurrency made some faint bullish effort that was often followed by further drop in the market.
Monero has been trending downwards for months, thus only a radical fundamental event can forcefully bring about a significant rally in the market.
TRXUSD continues experiencing persistent bearish movements; enough buying pressure needs to be generated, before a meaningful trend reversal can occur.