ALT COINS STRUGGLE AGAINST THE USD

NEOUSD TECHNICAL ANALYSIS

NEOUSD Daily Chart
NEOUSD Daily Chart for 20.10.2017

New NEO twist and turns with a new sell signal  in place.  While we can interpret this as a retest on the resistance turned support resistance trend line after 17.10.2017 break out, a potential NEO rally can be invalidated if USD demand drives NEO price below $26. For that to happen, NEO prices should depreciate below that channel bounded by 13-17.10.2017 support trend line. So, for swing traders, we wait and see the reaction at $24-$26 support zone. Intraday traders should look to initiate shorts in lower time frames and take advantage of this bear momentum.

DASHUSD TECHNICAL ANALYSIS

DASHUSD Daily Chart
DASHUSD Daily Chart for 20.10.2017

Dash prices continue to trend lower and now that there is a break below our support trend line  at around $290. Additionally, stochastics hint of increasing bear momentum after a stochastic sell signal was printed after 16.10.2017. Candlestick characteristics shows demand supply forces resulting in bear dojis and the 20 period MA capping DASH appreciations above $310. With that close below that round number at $300, I recommend short positions in lower time frames with the first target at around $250 which is 09.10.2017 lows.

IOTAUSD TECHNICAL ANALYSIS

IOTAUSD Daily Chart
IOTAUSD Daily Chart for 20.10.2017

From IOTA price action characteristics, $0.45 is but another resistance zone. IOTA depreciation below 04.09.2017, 15.09.2017 and 12.10.2017 lows of $0.38 with increasing sell momentum means we go short and aim for $0.25. Furthermore,  volatility is increasing if you compare IOTA price range from the 20 period MA. Over the past 3 days, price has moved $0.08 away from this flexible resistance line and that is why $0.38 support remains significant.

MONERO XMRUSD TECHNICAL ANALYSIS

Monero Daily Chart
Monero XMRUSD Daily Chart for 20.10.2017

Monero price slide slowed down at around $87. This level is turning out to be 02.10.2017 lows and a minor support. We still retain our bearish move. Fact is, as long as the 20 period MA keeps Monero down, sellers should push prices lower towards our main support zone around $75-$80. Monero sellers have over the last 5 days increased bear momentum as shown by those diverging %k and %d.

LSKUSD TECHNICAL ANALYSIS

LSKUSD Daily Chart
LSKUSD Daily Chart for 20.10.2017

Since 14.09.2017 bear candlestick that broke below the 20 period MA, LSK price has struggled to close above it. Based on this, our conclusion is that as long as LSK prices fail to close above $5.5, then sellers are in charge. In case of that eventuality, we shall fine tune our short entry in the lower time frames. As we can see, there is a stochastic sell signal already. Any bear confirmation with LSK closed below $4.7 should be good news for sellers.

All charts courtesy of Trading View

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

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