#EOS, Cardano, Stellar Lumens, Tron, IOTA Price Analysis: Price not a Worry, Australians Are Buying In

Positive #EOS, Cardano, Stellar Lumens, Tron, IOTA Price Analysis: Price not a Worry, Australians Are Buying In

A single day of BTC dip was enough to wreck havoc in altcoins valuations. It's because of that, that most coins under review as EOS, Cardano, Stellar Lumens, Tron and IOTA will end up bearish and likely resume a trip to new 2018 lows throughout this month. The only stand out in this red is Stellar Lumens. Jed MacCaleb's coin might reject lower lows and print higher more so if buyers reverse Sep 5 losses closing above 25 cents. It even gets better. Recent reports indicate that Australians are accumulating even as sellers step up.

Let's have a look at these charts:

EOS Price Analysis

From the News

It's true that in EOSIO, users have to pay for an account-and that's a deal breaker especially in a platform that wants to go global. Block One through its CTO have been looking for innovative solutions to rid this problem especially now that some block producers have been accused of hoarding network resources. At the moment, Block One is trying to circumvent this by slashing the cost of account creation and offering free 1400B of RAM. Two months ago, Dan had talked of a game changing development to potential bring an end to this. Needless to say, there has been no progress and/or update of the same.

Technical Analysis

In an otherwise steep market, EOS prices are stable and fluctuating between neutral to bearish. All in all, we retain a bearish outlook and in line with our EOS trade plan, we recommend shorts on every high in lower time frames. That's all because of Wednesday's high volume, wide trade range bear candlestick rejecting higher highs and collapsing from $7 triggering the next phase of a bear break out pattern set rolling by Aug 7 bear candlestick.

Cardano (ADA) Technical Analysis

From neutral point of view, ADA is in some sorts of consolidation and that's when we take into account that conspicuous dark cloud cover of early this week. While there is extra liquidity due to Bittrex addition of ADA/USD pair, we might as well see ADA print new lows. The best approach right now is to tow in and trade with the bear break out pattern set in motion by Aug 7-8 bears. In that case therefore, we consider recent near retest of 12 cents as a completion of a retest phase just like in EOS and Sep 5 collapse as resumption of bear trend. That's why selling at spot price with stops at around 10 cents and targets at 7 cents is modest if not safe.

Stellar Lumens Price Analysis

Contrary to most altcoins, our previous Stellar Lumens trade plans are solid despite the obvious volatility. According to our last trade recommendation, traders-risk off and on, can short at spot prices with stops at around 25 cents and first targets at 18 cents and later 8 cents. This is when we project a situation where sellers press on the gas pedal as they trade according to the set momentum of Sep 3.

In that line of thought, sell pressure would gain enough momentum to clear the 18 cents and 2018 lows and hit our targets with increasing volumes. On the reverse side though, our stops at 25 cents acts as a caution now that prices were in accumulation mode in the second half of Aug. Should prices spike, traders can mitigate losses and get a chance to trade with the trend.

Tron (TRX) Price Analysis

From the News

    After Ledger Nano S, Tron has announced its support for Ledger Blue

👉 $TRX now supported on Ledger Blue! @LedgerHQ https://t.co/jeAx1nWXpp

- TRON Foundation (@Tronfoundation) September 7, 2018

Technical Analysis

As expected, periods after rapid gains or losses are followed by a slow down. That's happening to TRX right now. Even if Tron Foundation is padding the way for future mass adoption, prices are not responding-at least at current valuation. Regardless, we expect fundamentals to be the impetus behind TRX revival and before that happens; selling at current prices with stops at around 2.2 cents is safe. Our ambitious targets at Jan 24 lows still hold true.

IOTA (IOT) Price Analysis

Like TRX, IOTA did break below the past two week's bull flag reversing those gains in the process. As they did, bears poured back into trend cancelling our previous bull proposals and instead triggering the wave of sellers which we recommend selling every time IOTA prints higher in lower time frames. So, with a one percent lose in the last day, we expect IOTA to end bearish this week setting the stage for trend resumptions below 50 cents.

Disclaimer: This is not investment advice and views represent that of the author. Do your own research before making an investment decision.

09/08/2018 / 00:02:01 Source: newsbtc

1 BTC=$3,928.22
1 XRP=$0.3196
1 ETH=$145.15
1 EOS=$3.80
1 BCH=$141.57
1 XUC=$2.14

News Feed 50

Ccn Neutral - Vanguard CIO Greg Davis Just Issued a Dire Warning for the US Stock Market read more.
02/12/2019 / 20:32:35
Bitcoin.Com Neutral - Two US Public Pension Funds Back New $40 Million Crypto VC read more.
02/12/2019 / 20:32:33
Ambcrypto Neutral - Bitcoin SV’s [BSV] Craig Wright hits back at WikiLeaks as Twitter feud escalates read more.
02/12/2019 / 20:30:20
Cointelegraph Neutral - Top 20 Cryptos Make Small Gains While Stock Futures and Oil Indexes See Green read more.
02/12/2019 / 20:29:00
Cointelegraph Neutral - Japanese IT Giant GMO Confirms Launch of Yen-Backed Stablecoin GYEN in 2019 read more.
02/12/2019 / 20:22:00
Cryptobriefing Neutral - Blockchain Advances In Africa, Overcoming Funding Hurdles read more.
02/12/2019 / 20:03:52
Newsbtc Neutral - Police Mistake Crypto Mining Rigs For Drug Den in Raid Gone Wrong read more.
02/12/2019 / 20:01:30
Dailyhodl Neutral - Bitcoin Lightning Torch Hits Tron CEO Justin Sun – Will Kobe Bryant Grab the Crypto Bounty Next? read more.
02/12/2019 / 19:58:54
Ccn Neutral - Exclusive: Bitcoin Cash Developer Amaury Sechet Comes Clean on Satoshi Claims read more.
02/12/2019 / 19:53:47
Cointelegraph Neutral - China: New Guidance to Implement Blockchain in Agriculture Finance Sector read more.
02/12/2019 / 19:51:00
Ambcrypto Neutral - #XRP/USD Price Analysis: Coin could soon go for a bullish ride read more.
02/12/2019 / 19:30:38
Cryptoslate Neutral - Morgan Creek’s Venture Fund Raised $40 Million to Invest in Blockchain and Cryptocurrency read more.
02/12/2019 / 19:30:19
Cryptobriefing Neutral - Western Union Acknowledges Experiments With Ripple Tech read more.
02/12/2019 / 19:14:03
Trustnodes Neutral - Former Prime Minister Bigs Up Bitcoin Amid Power Struggle in Bangkok read more.
02/12/2019 / 19:13:38
Newsbtc Neutral - XRP and Ripple Stand to Benefit if the World Bank and McKinsey Projections are True read more.
02/12/2019 / 19:00:56
Bitcoinist Neutral - Santander Bank Ordered to Keep Brazilian Bitcoin Exchange Account Open read more.
02/12/2019 / 19:00:47
Ambcrypto Neutral - Cryptocurrency News – 12th Feb – Ripple partner raises $1.7M, Coingate adds LTC LN support and more read more.
02/12/2019 / 19:00:32
Cryptoglobe Neutral - 'It's Virtually Certain': Bitcoin ETF Will Be Approved, Prominent Analyst Argues read more.
02/12/2019 / 18:50:00
Ccn Neutral - This US Senator Wants to Legalize Weed, Should Investors Get High on Pot Stocks? read more.
02/12/2019 / 18:30:33
Ambcrypto Neutral - Bitcoin [BTC] volatility works to investors’ advantage, says Financial advisor read more.
02/12/2019 / 18:30:05
Coinspeaker Neutral - SEC to Clarify ‘Overly Broad’ Regulation for Crypto Token Sales read more.
02/12/2019 / 18:30:02
Cryptobriefing Neutral - Pensions Count On Bitcoin Eggs For Retirement read more.
02/12/2019 / 18:24:55
Bitcoin.Com Neutral - Crypto Broker Voyager Digital Lists on Canada’s TSX Venture Exchange read more.
02/12/2019 / 18:21:57
Coingape Neutral - BitMEX Research On Next Global Crisis: Retail Banking & Payment System Unlikely to be Under Threat read more.
02/12/2019 / 18:21:13
Cryptopotato Neutral - Crypto Market Update Feb.12: Bitcoin Dominance Declines as Altcoins Skyrocket read more.
02/12/2019 / 18:15:52
Ethereumworldnews Neutral - EOS (EOS) Price Initiating Break Above the Daily Range Bound read more.
02/12/2019 / 18:11:41
Cryptoslate Neutral - Ripple Grants $2 Million to University of Kansas, Funds 29 Universities to Conduct Blockchain and Crypto Research read more.
02/12/2019 / 18:08:54
Cointelegraph Neutral - Mt. Gox Trustee May Have Crashed Bitcoin in 2018 by Dumping It on an Exchange, but There is Still Hope read more.
02/12/2019 / 18:08:00
Cryptonewsreview Neutral - Australian police mistake crypto mining rig for suspected pot farm read more.
02/12/2019 / 18:03:55
Newsbtc Neutral - Are TRX Prices Dumping Because “Changpeng Zhao and Justin Sun are Scheming”? read more.
02/12/2019 / 18:00:58
Ambcrypto Neutral - Cryptocurrency-hijacking malware ‘Clipper’ discovered on Google’s Play Store read more.
02/12/2019 / 18:00:16
Ccn Neutral - Gaming Giant Activision Blizzard Stock Could Get Crushed [Again] Tonight read more.
02/12/2019 / 17:59:00
Cryptopotato Neutral - #Weekly Price Analysis Overview Feb.12: Bitcoin, Ethereum, Ripple, Dash and Monero read more.
02/12/2019 / 17:58:39
Bitcoinmagazine Neutral - Morgan Creek Bags $40M Raise, Attracts Industry First Funding From Pensions read more.
02/12/2019 / 17:51:05
Cointelegraph Neutral - Software Giant Oracle Expands Its Enterprise Blockchain Platform read more.
02/12/2019 / 17:50:00
Cryptonewsreview Neutral - Firefox to offer cryptomining blocking in May release read more.
02/12/2019 / 17:36:48
Livebitcoinnews Neutral - Ethereum (ETH) Up 3 Pct at $120, as Bitcoin (BTC) Rallies 5 Pct at $3,600, Litecoin Also Poised to Rise read more.
02/12/2019 / 17:36:29
Cointelegraph Neutral - Payment Processor Netpay to Integrate Blockchain-Based Tool: Report read more.
02/12/2019 / 17:32:00
Ambcrypto Neutral - Tron [TRX/USD] Technical Analysis: Cryptocurrency succumbs to the bear again as prices stagnate read more.
02/12/2019 / 17:30:21
Ethnews.Com Neutral - Distributed Digest: Tuesday, February 12, 2019 read more.
02/12/2019 / 17:30:12
Dailyhodl Neutral - Payments Giant Western Union Preparing for Crypto, Tests Ripple and XRP read more.
02/12/2019 / 17:20:41
Cryptoglobe Neutral - Cryptocurrency Analysis Firm Chainalysis Raises $30 Million read more.
02/12/2019 / 17:20:00
Ccn Neutral - Did TRON Acquire a Liability in $126 Million Purchase of BitTorrent? A Record 3,300 Lawsuits Hit Platform’s Users read more.
02/12/2019 / 17:16:51
Ambcrypto Neutral - Bitcoin [BTC]: WikiLeaks provides evidence debunking Craig Wright’s claim to be Satoshi Nakamoto read more.
02/12/2019 / 17:15:47
Ccn Neutral - Why Asset Manager Canaccord Says Tesla Stock Will Explode by 40% in 2019 read more.
02/12/2019 / 17:15:08
Cryptobriefing Neutral - Bitcoin Cash / USD Technical Analysis: Still Going Down read more.
02/12/2019 / 17:02:39
Ambcrypto Neutral - Ripple’s CTO clarifies that Interledger Protocol [ILP] is not connected to the RippleNet yet read more.
02/12/2019 / 17:00:29
Bitcoinist Neutral - Binance Chain Decentralize Exchange Testnet Will Launch Next Week read more.
02/12/2019 / 17:00:06
Coindesk Neutral - Co-Founder Quits Avalon Mining Chip Maker Canaan Over ‘Differences’ read more.
02/12/2019 / 17:00:06
Newsbtc Neutral - Bitmain S15 Firmware “Very Buggy”, Will This Claim Affect BTC Prices? read more.
02/12/2019 / 16:58:38

Latest comments: