Overly, Bitcoin and most altcoins were up by week ending March25. According to data from Coin360, Bitcoin and ETH, the two most liquid coins in the world are up 11.45% and 5% respectively.
This means somehow altcoins were supported and its definitely good news. EOS leads the recovery with a 54.96% gain in the past 7 days.
Let’s have a look at these charts: Technically, Stellar Lumens is in a down trend and more often than not, I won’t recommend fading the general trend. In this case though-and over the past 48 hours or so, Lumens buyers are obviously rejecting lower lows.
Therefore because of this outlay, I will still maintain my previous stand and encourage short term longs with targets at $0.30 on the upper edge or we exit trades when a stochastic sell signal prints. Otherwise, it will be interesting to see how prices react at $0.25 or around the resistance trend line connecting February-March highs.
From our last preview, our position on IOTA remains neutral. However we remain net bullish if only prices surge past $2, the 61.8% Fibonacci retracement line and our immediate resistance line in our entry chart. Read more from newsbtc.com…
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