Besides EOS that have subtle hints of higher highs following May 16 bullish pin bar or spring, other coins including Tron are printing negative gains in the last 24 hours. Of note is how Stellar Lumens prices are behaving despite good news. Despite everything, it is engaging the sell gear and slowly aiming for 30 cents, a key and important support line in our analysis. Overly, we remain bullish on EOS and Tron and all we should be doing is waiting for timely entrants with minimum risks to ramp up longs with targets at $22 at EOS.
Let’s have a look at these charts:
EOS Price Analysis
There is nothing much going on in the fundamental front of this coin. All we do know is that Dan and Vitalik would work together to make the blockchain community better for everyone. After all and unless Quantum computing becomes a reality, blockchain shall remain dominant in the coming years. Now, EOS blockchain launch is what investors are talking about and this is a good thing. Will the positive vibe seep through, prep buyers and help pump EOS prices? Well, that’s what I’m angling for now that EOS is up six percent in the last 24 hours.
Price wise, there are hints of price reversal especially if we pull May 16 candlestick. Then we saw EOS buyers rejecting lower prices because while the trend is negative, prices don’t follow suit. Instead it moved within a tight price range and yesterday’s candlestick was but a mere confirmation of those buyers. Yes, we have a long upper wick signaling sell pressure but if today’s close end up above $14, there is a valid reason to go long.
Litecoin (LTC) Analysis
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