Bears generally have control. Despite the recoveries, especially in Tron, Litecoin and EOS, sellers have to actively redeem at bargain price. Tron prizes are good thanks to the shocks from Justin Sun, but can get stuck if the cooperation mentioned does not meet the expectations of the community. In addition, there are news reports about Gemini who accept Litecoin deposits from today. This is positive for the price. Even if the trade starts three days later, it could inject additional liquidity from investors interested in regulation and insurance.
Let's take a look at these graphs:
EOS Price analysis
Often the market tends to slow down and even reformulate after periods of high volatility. That was the case yesterday. EOS returned, delayed and abolished two percent on the last day. Although this is positive for bulls, it is a great opportunity for traders to extract EOS at bargain prices because they expect a break of less than $ 4 for support.
This is very likely because the rapid losses of 11 October invited the sellers to complete a bear breakout. Therefore, in line with the previous EOS trade plan, the best way to trade this currency is to wait for closing disruptions and close $ 4.
Ideally, we would like an entire beer bar to print below $ 4. Once this is done, sellers can load pull-backs with the first goals for $ 1.5. Safe stops are just over $ 4 or the support summit of support.
Litecoin price analysis
We would like to announce that @litecoin (LTC) is now available on Gemini! From tomorrow we will start accepting Litecoin deposits and the trade will open all currency pairs on Tuesday. For more information, visit our blog @Medium https://t.co/it5xuF9Hr5
– Gemini (@GeminiTrust) October 12, 2018
The $ 50 backlash was spectacular, but well synchronized with the bearish melody set in motion by the big bear bar of October 11th. Further afield, risk traders who want to enter at better prices can unload at bargain prices with ideal stops at $ 55 or October 11 highs.
However, from our previous recommendation and our awareness of the volume behind the bearish adultery pattern, we suggest patience. This means that once a Litecoin meltdown price is lower than $ 50 and a whole bar is printed at that level, risk averse traders can participate.
It is not difficult to see why this is necessary. A pause and close under the head rest confirms a breakthrough of the two-month consolidation that began in early August. In addition, it signals the third phase of a boar outbreak, the trend continuation phase with the first targets at $ 25.
Stellar Lumens Price analysis
The striking dark clouds of 10 and 11 October are clear and clearly indicate the trend direction. Although we recommend patience until after 2018 lows below 20 cents, withdrawing is a chance.
In every high that is printed, XLM aggressive traders can unload on site with stops of about 25 cents. This is in direct response to previous losses and the sharp shifting of the momentum that invalidates the bullish sentiments of last week.
Nonetheless, risk-on, high volume traders should sell as soon as prices fall below 20 cents, according to our previous Stellar Lumens price analysis.
Tron price analysis
From Project Atlas that promises to create this hybrid content sharing platform between BitTorrent and Tron to updates of Tron mainnet and claims from Justin Sun that will beat Ethereum and EOS in speed and cost, the community has been bombed by shill.
– Justin Sun (@justinsuntron) October 12, 2018
But a single tweet from the founder of the platform claiming to work with a "tens of billions of USD valuation industry giant" supported the TRX prizes. As always, speculation is widespread, but Alibaba is out because it is a giant of hundreds of billions of USD valuation industry. Needless to say, if Tron is aboard a industry giant, the price will probably turn back 11/11 losses in the process.
TRX is undoubtedly a top performer on the card. Until now, buyers are lively and push back more than 70 percent of the previous day's losses. Anyway, our latest TRX trading plan is valid.
In fact, we recommend selling at bargain prices with a tight stop of around 2.5 cents and the first targets at 1.5 cents and later on 24 lows.
But the Conservatives must stick to the previous trade plan and wait for a liquidation of less than 1.6 cents or Sep 2018 lows before trading in line with the trend. Conversely, sharp profits above 3 cents cancel this bear projection and automatically trigger purchases.
IOTA price analysis
The damage of 11 October led to a bear that erupted under the lows of September 2018. The result was that our last bullish-position ended after the break and secondly, sellers are now in control.
From our earlier iterations, this withdrawal is ideal for buyers to sell at bargain prices, while risk-averse traders can sell as soon as there is a drop of less than 40 cents. Aggressive traders should target 30 cents as the first target.
On the other hand, if buyers build up enough momentum and raise prices of more than 60 cents, this bear projection is invalid.
Disclaimer: Opinions and opinions are those of the author and are not investment advice. Acting in any form brings risks, as well as your due diligence before you make a trade decision.