FxWirePro: Top Altcoins Daily Outlook

EOS/USD:

Intraday trend  Weak

EOS has shown a minor recovery after hitting low of $6.86. It hits high of $7.31 and once gain started to decline. It is currently around $7.02.

Major support-$6.54 (Jul 12th 2018 low). Any break below $6.54 will drag the pair down till $6.45 (Jul 12th 2018 low)/$6/$5.

Major resistance  $7.15 (hourly Kijun-Sen)/$7.35 (55- H EMA)/$8..05 (200- H MA).

News update: Poloniex which is one of the best US crypto exchange has added support for EOS mainnet tokens but will not accept deposits of the ERC20 versions. 

It is good to sell on rallies around $7.35-$7.40 with SL around $7.85 for the TP of $6.55/$6.

Stellar Lumens:

Intraday Trend  Slighty weak

Major support- $0.2550 (Jul 21st low). Any break below will drag the pair to next level till $0.200/$0.1700. Any bearish continuation only below $0.1400.

Near term major resistance $0.2850 (hourly cloud top) and any violation above that level targets $0.3011 (200- H MA)/$0.3550.

News Update: Stellar Development Foundation is planning to launch own decentralized exchange named SDEX and is on the final stage. There is rumor that it will be released next month.  

It is good to sell on rallies around $0.2850-55 with SL around $0.300 for the TP of $0.2500/$0.200.

Cardano:

Intraday Trend  Weak

Major support - $0.1350 (Trend line support) and any violation below will drag the pair down till $0.1160 (Jun 29th low)/$0.100.

Major resistance - $0.1385 ( H Kijun-Sen). Any break above targets $0.1485/$0.1577 (200- H MA). The pair has formed temporary top around $0.1975 on Jul 18th 2018 and started to decline from that level. Any convincing break above will take the pair to next level till $0.2370 (Jun 3rd 2018)/$0.2830 (May 13th high).

News Update:

IOHK has launched the second Cardanao testnet which is for the IELE virtual machine.

It is good to sell on rallies around $0.1380 with SL around $0.1480 for the TP of $0.1160/$0.100.