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As altcoins drag lower syncing with Bitcoin (BTC) drop, fundamentals and technical formations are clearly divergent. Yes, sellers are in charge and are even cancelling the last Stellar Lumens (XLM) bullish attempts of mid-July. However, while we are yet to see proper sell signal below key support lines in Litecoin (LTC), EOS and IOTA for example, we have a bearish leaning thanks to trend resumption of last week and that strong bearish engulfing candlestick by week ending Aug 5.Let’s have a look at these charts:EOS Technical AnalysisFrom the NewsYou can now withdraw EOS from BinanceTechnical AnalysisEOS Daily Chart by Trading ViewBy dropping one percent yesterday, it means prices are narrowly consolidating along our main support line and sell trigger.We have been clear in our past EOS technical analysis and what we wait now is a conclusive, clear close below $7. Should that happen today then we shall execute according to
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EOS, IOTA, Stellar Lumens, Tron, Litecoin Technical Analysis: Altcoins Waiting on Bitcoin (BTC)