Of all the cryptocurrencies, NEO remains resilient and seem to rebuff all attempts for lower lows. We cannot say the same of NEM, IOTA or even LTC because as it is, the candlestick pattern looks like a minor bear break out and resumption of sell pressure.
On the other hand, if Lumens continue stalling below the minor resistance line then bears will continue to rule. Besides the influence of $1.14, NEM price action is subtly moving within a descending minor wedge with obvious resistance at the middle BB.
Now here is the thing, any bear close below $0.90 and we can as well forget about going long as sellers will be in charge as they complete the bear break out pattern right from the support line. If not, and prices close above the upper limit of the wedge and $1.14, we load our longs.
That’s my game plan for today. Nothing significant has happened after what appeared to be a promising close above middle BB.
In fact XLM bears are back again, retesting the 20 period MA and probably eyeing $0.43. However, despite this slight dip, XLM price action is still confined within the two break-out candlesticks-from yesterday’s close above middle BB. Read more from newsbtc.com…
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