FxWirePro:Top Altcoins Daily Outlook

EOS/USD:

Intraday trend  Weak

EOS has lost more than 15% from yesterday’s high of $8.470 till $7.16. It is currently around $7.30.

Major support-$7.10 (78.6% fibo). Any break below $7.10 will drag the pair down till $6.54 (Jul 12th 2018 low)/$6/$5.

Major resistance  $7.73 (hourly Kijun-Sen)/$8.27 (200- H MA).

News update: EOS surpassed Ethereum and Steem on Blocktivity’s transaction volume chart. The surge was due to crush of spam attack from smart contract called Blocktwitter

It is good to sell on rallies around $7.65-$7.70 with SL around $8.30 for the TP of $6.55/$6.

Stellar Lumens:

Intraday Trend  Slighty bullish

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 Kijun-Sen) and any violation above that level targets $0.3061 (200- H MA)/$0.3550.

Chart pattern- Bullish Divergence (CCI (50) in hourly chart).

It is good to buy on dips around $0.2600-65 with SL around $0.2400 for the TP of $0.3050/0.3500.

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).

Major resistance - $0.1569 (4 H Kijun-Sen). Any break above targets $0.1650/$0.1800. 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 $0.1570 with SL around $0.1650 for the TP of $0.1200.