Has the uptrend changed for Stellar, Neo, Cardano, Tezos, and Qtum?

Published on by Cryptoslate | Published on

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.