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.
This week, the crypto market continued the bear trend. Major cryptocurrencies suffered price delince more than 10%. Among which, XRP got hammered and experienced greates loss of 26.2%. Apart from emotional factors, the major reason for this hit is the news that SEC rejected the application of Bitcoin ETF. We’ll dive deeper into this issue in the report.
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.
This report presents data on the cryptocurrency market movements in 2018, with special attention paid to the analysis of changes taking place over August 2018, most notably August 6-12, 2018.
This report covers data on ICO market trends of 2018, with special attention given to the analysis of market movements in August 2018, most notably August 6-12, 2018.
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.
This week, the whole crypto currency market experienced slight decline after the BTC ETF got rejected by SEC. Among top 5 crypto currencies, EOS experienced greatest loss of nearly 17%.