If the support level at $0.135 is broken to the downside, then XLM could retrace to the next level of support at $0.12.
Now, NEO is trading between a strong resistance and support level.
On the 4-hour chart, the TD Sequential Indicator gave a sell signal with a green 9 candlestick trading right at the $13.7 resistance level.
To the upside, breaking above the 7 MA could give NEO a boost to try to break above the $13.7 resistance level.
QTUM has already reached the target given by the pattern as it approached the $3.6 resistance level.
The pattern will be validated if the next daily candlestick closes below $0.083, which could take it to the $0.074 support level.
A move above $0.1 could invalidate the bearish formation and ADA could rise to the $0.11 resistance level.
If ADA trades below the 7 MA, there could be a further drop that could find support around the 30 or 50 MA. If Cardano continues to trade above the 7 moving average, it could continue the bullish trend to try to test the resistance level at $0.11.Tezos.
Now XTZ is trying to break above the $1.85 resistance level.
Hopefully, the support levels will hold the market valuation of these cryptos followed by a bounce off to new local highs.
Has the uptrend changed for Stellar, Neo, Cardano, Tezos, and Qtum?
Published on May 16, 2019
by Cryptoslate | Published on Coinage
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