There is no doubt that IOTA has had problems with sellers that have lowered prices. However, after that closing above $ 4.2, many investors simply decided to buy IOTA.
Of course, after last week's highest rise, setbacks and breakdowns, they expected LTC to become fashionable after waking up from a 2-week dream, but it was not like that.
Instead, we are seeing a series of lower lows and that's fine, since any reversal of $ 255 is a new test that is quite attractive to buyers.
The prices are pretty good and for the buyers of NEM, there is no reason to complain.
For the moment, we have that double reversal pattern of 3 bars, a star pattern in the second Fibonacci extension line at $ 1.76.
I am of the opinion that this level is a good activation line for the "bulls" especially if there is a convincing investment that leads to close this obvious line of resistance.
We have a Dash closing above $ 1300
We can go on and on about the $ 1300 effect and how the DASH settlement arises each time the price action tests that level. On January 6, we had a post that was about the need for DASH buyers to press more than $ 1300-CONVINCING! I am not seeing anything of the kind that justifies a commercial exchange that, if given, taking into account the long consolidation, the explosion would be "strong" and clear!
From my point of view, the minor support trend line is proving to be important in the short term and any interruption then means we have to wait for the Fibonacci key entries
IOTA
For the first time in more than 12 days, IOTA buyers are trending more than $ 4.2!
This qualifies to be a breaking operation and as such, we should be looking to enter this opportunity.
Monero had more than $ 430 with an upward holding
Regardless of the sell signal in the weekly chart, I recommend buying at $ 350, since it matches the 50% Fibonacci retracement level anchored at last week's low maximum. On the contrary, any explosion higher than $ 430 cancels this small correction and gives way to a new wave of strong upward pressure. Either way, our ultimate goal is December 20 maximum of $ 500.
Litecoin keeps the price $ 255 for the second time
All LTC operators should be grateful for the current setback despite the strong LTC bull shank on January 6.
It is typical of trade exchanges taking into account that the real break occurred after that explosion above $ 255 and, as it is, these lower casualties are simply a new test that is great.
I went ahead and placed a Fibonacci tool between the low last week and guess what? The $ 255 falls at the 50% level and that's where I'm recommending that we go further even if you've bought more than $ 290.
That's All! Thank you for reading and be sure to follow me!
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