LSKUSD BREAKS BELOW SUPPORT TREND LINE AS MONERO FINDS SUPPORT AT $82


Summary Notes
• NEOUSD is finding support at $24.
• Should Monero consolidate above $80, then we expect range bound price action.
• LSKUSD is trending lower after 21.10.2017 bear break out. Immediate remains at $4
• DASHUSD bears are pushing prices towards 09.10.2017 lows of $250.
• USD bulls are still in charge in IOTUSD. $0.38 support remains significant for bears.

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LSKUSD TECHNICAL ANALYSIS
LSKUSD Daily Chart for 23.10.2017

Lisk bears are driving prices lower. After 21.10.2017 break below support trend line, a stochastic sell signal was printed. On 22.10.2017, USD bears retested support turned resistance trend line and the 20 period MA at around $5 before closing lower. Minor support is found at $4.3.  Should LSKUSD breaks below psychological $4 support level, USD bulls might drive LSK prices lower and within $2.5 and $4 range. For now, LSK bears are in charge and therefore intraday traders should look to enter short in lower time frames with stop losses above $5.

DASHUSD TECHNICAL ANALYSIS
DASHUSD Daily Chart for 23.10.2017

It’s apparent that USD bulls are in charge in this DASHUSD pair. Well, after that break out below support trend line and $290 trigger, DASH bears have been in charge. Stochastic show bearish momentum while DASHUSD price action is hugging the lower BB. Going forward, the 20 period MA and the support turned resistance trend line will be our immediate resistance zone. Any DASH appreciation above $300 accompanied by a strong bullish candlestick will signal DASHUSD bear to bullish trend reversal. It is highly likely that DASH might breach $250, 09.10.2017 lows.

IOTUSD TECHNICAL ANALYSIS
IOTUSD Daily Chart for 23.10.2017

First off, notice that USD bull surge on 21.10.2017. Daily average volumes were obliterated but surprisingly, IOTUSD didn’t trend lower. IOT depreciated $0.09 initially but ended up as a doji with some long lower wick meaning buying pressure. It also closed above our support line of $0.38. There is a stochastic buy signal but as long as IOTUSD price action remain below our resistance trend line and resistance zone of $0.45, USD bulls are in charge.

MONERO TECHNICAL ANALYSIS
Monero Daily Chart for 23.10.2017

For 38 straight trading days, Monero is consolidating within a $20 range. The BB squeeze is also extending as each day pass. Furthermore, we note that over the last 14 days-beginning 09.10.2017, support marked at $80 has been retested 8 times. As long as Monero remains below the 20 period MA and $100, USD bulls are in charge. Support break below, means Monero might depreciate up to $60 support turned resistance.

NEOUSD TECHNICAL ANALYSIS
NEOUSD Daily Chart for 23.10.2017

For 10 trading days now, NEOUSD has been consolidating horizontally in a tight $10 range. After 12.10.2017 highs of $34, NEOUSD retested those highs on 17and 18.10.2017 but slid back to support at $24 marked by that support trend line before trending lower after that. There is a stochastic buy signal showing NEO bulls yesterday. If NEOUSD manages to stay below 20 period MA, then our USD bulls will be in charge. Otherwise, NEOUSD within a tight consolidation and a BB squeeze. The longer it stays there, the stronger the break out will be. Support remains at $24 while NEO bulls surging above $34 means a NEOUSD rally.

All charts courtesy of Trading View

 

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