- Biggest gainer of the day.
- Intra-day chart suggest there’s room for more upside.
EOS is biggest gainer of the day among all the major cryptocurrencies after losing some ground through this week as the crypto loses some ground after printing new all time highs, the only crypto to do so after the sell-off this year.
EOS/USD up more than 6 percent on day at $18.216, but has lost more than 20 percent from all time highs of $23.029 printed on last Sunday. A close look at the 15-minute intra day chart suggests the gains of the day could extend some more as the penant pattern is in the making and a breakout could lead to further gains for this crypto.
Immediate resistances in the way of this crypto’s upmove now stand around $18.64 and $19.47 levels while supports are placed around $17.60 and $15.92 levels.
EOS/USD 15-minute chart:
BTCUSD Analysis: The latest recovery and the bigger picture [Video]
Bitcoin remains under pressure in 2018 with the market consolidating off the yearly low and still at risk for deeper setbacks. However, on a short-term basis, the recent break above $6,830 has triggered an inverse head & shoulders formation that has succeeded in taking the immediate pressure off the downside.
In this analysis, we take a look at Bitcoin each day, highlighting all of the need to knows for anyone looking to extract up to date information about major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding the crypto asset, looking for an idea of where they may want to consider making that next conversion.
The cryptocurrency update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with great value add to all.
IOTA (IOT) Technical Analysis:| JULY 23, 2018 |
IOTA (IOT) Technical Analysis
After three attempts by sellers, we now have a triple bottom right at 90 cents, our main support line and 2018 lows.
This line, borrowing from previous IOTA analysis, anchors our trade plan and we still maintain the same stand: As long as IOTA price action is trending within 90 cents and $1.3, we shall remain neutral.
The best approach here is to trade a break out in either direction and gains above $1.3 or July highs will no doubt help resuscitate buyers helping push valuation back to $2 or higher.
Tron (TRX) Technical Analysis:| JULY 23, 2018 |
Tron (TRX) Technical Analysis
Undoubtedly, Tron is doing everything it can to compete and with the release of Tron Link, developers would have an easy time to interact with the Tron blockchain. Through an API, they can freely contribute dApps to the Tron ecosystem without compromising on security thanks to the robust encryption is use. Tron Link is an end product of Tron Watch who are also the creators of the Tron Wallet and is simply a chrome extension.
Check out Tronlink, the Chrome extension built by @TronWatch! Developers will now be able to create and interact with DApps from a browser, a major step before our Virtual Machine Testnet launch on July 30! Stay tuned https://t.co/4BuNDvPDTX
— Tron Foundation (@Tronfoundation) July 21, 2018
A simple Fibonacci tool between last week’s high low and we can see that TRX prices are finding support right at the 78.6 percent retracement level. Despite this encouraging development, we still remain neutral with bearish expectations unless of course we see gains above 4 cents, a previous support line and immediate resistance.
Remember, TRX bears are technically in charge and it’s clear when we draw a simple trend line between May-July highs. As such, we remain positive on price recovery but should sellers dip below July lows at 3 cents then we recommend shorting on every pull back with targets at 2.5 cents.