FxWirePro: Top Altcoins Daily Outlook

EOS/USD:

Intraday trend  Slightly bullish

EOS is consolidating after hitting low of $6.75.It recovered till $7.17 and is currently trading around $7.08.

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  $7.32 (hourly Kijun-Sen)/$7.85 (200- H MA).

Chart pattern - Bullish Divergence (CCI 50) daily chart.

It is good to buy on dips around $6.75-80 with SL around $6.50 for the TP of $7.35/$7.5.

Stellar Lumens:

Intraday Trend  Slightly weak

The pair has broken major support- $0.2550 (Jul 21st low) and declined till $0.2444. This confirms minor weakness a dip till $0.200/$0.1700. Any bearish continuation only below $0.1400.

Near term major resistance $0.2606 (hourly cloud top) and any violation above that level targets $0.2740 (100- day MA)/$0.2945 (200- H MA)/$0.3550.

It is good to sell on rallies around $0.2650 with SL around $0.2750 for the TP of $0.200.

Cardano:

Intraday Trend  Weak

Major support - $0.1169 (Jun 29th low) and any violation below will drag the pair down till $0.100/$0.0780..

Major resistance - $0.1315 ( 34 H EMA). Any break above targets $0.1415/$0.1530 (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).

It is good to sell on rallies around $0.1315 -20 with SL around $0.1420 for the TP of $0.1160/$0.100.