Though altcoins are finding reprieve following rapid depreciation mid this week, the fact that most are trading at new 2018 lows as IOTA, Litecoin while some as EOS and Stellar Lumens are retesting important support line means the market might add to their losses in coming days/weeks. However, there are potential upsides especially if the SEC comes up with favorable decision on VanEck SolidX Bitcoin ETF–the reason behind recent market fracture.
h2 data-trid=”298″>EOS Technical Analysis
Two days of high volume, high trade range trading days saw EOS prices plummet below our intermittent support and sell trigger line on Aug 7 and 8.
On a weekly basis, that was a 22 percent decline in prices and as expected, confirmation of such events are not usually accompanied by high volumes or trading ranges.
p data-trid=”307″>In fact prices tend to