Aug 19, 2019
Altcoin Analysis: BTC, ETH, XRP, EOS, LTC Cryptocurrency Review
August 19, 2019, by Marko Vidrih on ALTCOIN MAGAZINE
Over the weekend, the cryptocurrency market showed an increase of 3.8%. The capitalization indicator is currently at around $271 billion. So far, the growth is more of a technical nature, although there is still a small local upward trend. The first signs of mood improvement appear.
It may interest you to know that Altcoin Magazine, with its intention to expand its services, has launced a private Altcoin Magazine Index Fund. This crypto fund was created such that anyone interested will be able to make an investment that is as low as $10, and as much as the person can afford, in an index fund protocol that is secure, and one where there will be real professionals on hand that will help investors perform trades, as well as help them ensure that their crypto portfolio is properly managed for a token fee that is an annual payment of 3%.
Furthermore, it is imperative that you know about the added feature that lets you monitor and track the activities of our professional trader with your portfolio. This tracking can be done with the aid of the Altcoin Analysis that gets published on the Altcoin Magazine website. This publication will be made 3 times/a week.
Interestingly, and as a way to take the stress of trading off you, you will be able to get live feeds about your portfolio, as well as its performance, and thus it gives you an idea about the trades and the attitude of the portfolio at the time. This feature is made available on your desktop, or betterstill, users can utilize the ICONOMI mobile app to check.
Altcoin Magazine has succeeded in making crypto investment easier for anyone, hence, this is the time to get involved with the Altcoin Magazine Index Funds, and begin to enjoy the profitability that comes with crypto investments. Do not miss this opportunity to have investments in the Altcoin Magazine Index Fund, because there are only 100 slots available. Have you kept thinking about how to join the crypto community as a crypto investor, then this is for you, because there are several benefits attached.
Only invited can invest, so if you want to be one of them, reserve your spot by reaching out to us on cryptoinfo365@gmail.com.
Bitcoin
The BTC price found support around $9800, after which, over three trading days, consolidation takes place on average volumes. This pattern of coin movement is observed after investors dropped crypto throughout the market at the time of accelerating a decline under the influence of emotions. In this regard, volatility indicators at the end of last week increased sharply. From a technical point of view, a rising triangle figure has formed on the chart, so a confident breakdown of the upper resistance will be the first signal to start trading from purchases.
Ethereum
ETH has a rather interesting technical picture. A triangle figure acts as a reversal figure, which is not so common. The breakdown of the upper resistance made it possible to make the first test purchase, however, at present, a reversal in the market is still being formed. The potential of this wave is limited by resistance in the region of $204. For those who did not have time to buy, there will still be plenty of opportunities. In the current situation, both the movement to the red line region ($204) and the decrease to the trend line indicated on the chart by the green line are equally probable. In the case of chart approaching the green line, it also makes sense to trade from purchases as part of an emerging uptrend.
Ripple
There is some kind of animation in XRP. At the level of $0.27 a local resistance was formed, after the breakdown of which a small impulse is observed. If the position has not begun to take shape on the breakdown, then it is definitely not worth rushing now with purchases. So far, we can only draw conclusions that there are positive changes in the dynamics of the coin. We monitor the activity of the participants, and in case of another approach of the chart to the red support line ($0.27), or to the green trend line, it makes sense to open a position on the first part of the limit with a short stop-loss.
EOS
Against the background of a general market rebound, EOS is trying to get out of the trading range upwards. Since the upper limit of the range is not clearly defined, there must be some additional confirmation to identify the reversal, which may appear a bit later. At the moment, there are tools with a more understandable technical picture, so careful monitoring of the dynamics and a wait-and-see strategy still remain relevant.
LTC
In LTC, chart went beyond the upper boundary of the downward channel somehow uncertainly. The price continues to move sideways, with borders of $72- $78, so a signal to start trading from purchases in this coin may be a breakdown of the upper limit of the trading range.
DISCLAIMER: All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.
Author: Marko Vidrih
