During the current session, the prices of the largest altcoins are consolidated after the March 5 rally.
EOS / USD
After a sharp jump in the price of EOS from the March lows, the token is adjusted, mostly holding in the range of $ 3.7424-3.8490. The boundaries of the range formed by the key resistance levels.
At the time of the market review, the EOS / USD pair is quoted at $ 3,8309. The session maximum of the EOS price is fixed at $ 3.9685, on the false breakdown of the key resistance level of $ 3.8490. The current price is supported by the moving average EMA100, which in turn strengthens support at the level of a weekly pivot of $ 3.5800.
The short-term trend of the EOS / USD pair is classified as ascending. Buyers of a cryptoactive asset control the price of a cryptoactive asset on their territory and retain the advantage of increasing the volume of purchases of coins above the level of a short-term trend reversal.
The values of the relative strength index are held in the area of active purchases, above level 60 on the indicator chart, which indicates that bulls are ready to develop an upward movement of the pair.
Short-term EOS purchases are recommended from the lower end of the price range – $ 3.7424, with targets of $ 3.9050 and $ 4,0110.
XLM / USD
Against the background of the growth of the largest cryptocurrency, Stellar remains, from a technical point of view, in a vulnerable position. On the first wave of growth, the bulls failed to break through sales resistance at the level of the weekly pivot $ 0.0877. Testing of resistance at the opening of the current session confirms the high concentration of applications for sales of XLM / USD above the reversal level of the short-term trend.
The price of the coin was rejected to the dynamic support level, formed on the line of the moving average EMA100 with the current value of $ 0.0864 and further, at a false breakdown of support, a session minimum was recorded at $ 0.0852.
At the time of the review, the EOS price is kept in a narrow range of $ 0.0864-0.0877. The RSI14 indicator line is directed horizontally at a neutral level, which indicates the uncertainty of the short-term course of the coin.
EOS purchases are possible only after confirmation of the resistance breakdown at the level of $ 0.0877 with targets of $ 0.0888 and $ 0.0900.
ADA / USD
On a strong upward impulse on March 5, the Cardano price reached $ 0.0430, but already at the opening of the Asian period of the current session the bears broke through the price support at the level of a week pivot $ 0.0424. To date, the ADA / USD pair is trading against the background of attempts by the bulls to regain control over the price above the designated level.
Resistance to sales at the level of the reversal of the short-term trend is reinforced by the moving average EMA100. The values of the relative strength index are in the purchasing area, but the RSI14 line is turning down, indicating the likelihood of a deepening price correction. ADA / USD buyers are expected to confirm support at the February level of $ 0.0420.
IOTA / USD
At the peak of the current Asian session, bears on the IOTA market tested price support and its session low was fixed at $ 0.2732, against the opening price of trading – $ 0.2877.
Candlestick analysis confirms the readiness of bulls to buy back large amounts of IOTA below the local support level of $ 0.2795.
At the time of the market review, the IOTA / USD pair is trading at $ 0.2860 with the growth of quotations towards the weekly pivot $ 0.2895. The coin price is exerted by the moving average EMA100 with the current value of $ 0.2803. The values of the relative strength index are in the neutral region, the RSI14 line is directed upwards at the intersection of the neutral level 50 on the indicator graph.
It does not exclude an attempt to test at the price of resistance of sales at the level of $ 0, 2895, however, the scenario with a sideways movement of the IOTA price in the range of $ 0, 2895-2795 has a high probability.
Trading recommendations are not a guide to action. Following the recommendations, you assume the associated risk of loss of funds.
After a sharp jump in the price of […]