FxWirePro: Major Altcoins recovers slightly on rising Bitcoin prices, Stellar lumens top performer

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FxWirePro: Major Altcoins recovers slightly on rising Bitcoin prices, Stellar lumens top performer

Tuesday, August 7, 2018 1:52 PM UTC

EOS/USD:

Intraday trend  Slightly bullish

EOS has once recovered after hitting low of $6.7900.It recovered till $7.22 and is currently trading around $7.18.

Major support-$6.54 (Jul 12th 2018 low). Any break below $6.54 will drag the pair down till $6.45 (Jul 12th 2018 low)/$6/$5. The near term support is around $6.75.

Major resistance  $7.20 (200- H MA)/$7.37 (23.6% fibo)/$7.85.

It is good to buy on dips around $7.05-$7.10 with SL around $6.79 for the TP of $7.5/$7.85.

Stellar Lumens:

Intraday Trend  Slightly Bullish

The pair has shown a minor jump of more than 7% from the low on account of rising Bitcoin prices. The near term resistance is around $0.2489 and any break above targets $0.2598 (200- H MA)/$02690.

On the lower side, major support is around $0.200 and any violation below targets $0.17/$0.1400.

It is good to buy on dips around $0.2400 with SL around $0.2200 for the TP of $0.2690/$0.2850.

Cardano:

Intraday Trend  bullish

The pair has shown a good recovery after hitting low of $0.1216 after news that Cardano might be listed in coinbase exchange soon.

Major support – $0.1169 (Jun 29th low) and any violation below will drag the pair down till $0.100/$0.0780..

Major resistance – $0.1350 ( 200 H MA). Any break above targets $0.1500/$0.1540. The pair has formed temporary top around $0.1975 on Jul 18th 2018 and started to decline from that level. Any convincing break above will take the pair to next level till $0.2370 (Jun 3rd 2018)/$0.2830 (May 13th high).

It is good to buy on dips around $0.1290-95 with SL around $0.1200 for the TP of $0.1500/$0.1540.

 

 

 

 

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