DASH, XLM, EOS: Top-3 Crypto Losers of the Week

With sentiment gradually turning bullish again after a period of profit booking, is it a good time to do bottom fishing? Let's look at the charts of the top three losers of this week and determine whether they offer a buying opportunity at current levels.

The price has been stuck between $95.4264 and $120.8464 for more than 15 days.

As the price is below both moving averages and RSI is in negative territory, bears have the upper hand.

There is a minor support at $86.3249, below which the digital currency will complete a 100% retracement of the rally and fall to $58.49, the level from where the up move had started.

If the price breaks out of the downtrend line and 20-day EMA, it will indicate strength but the pair will start a new uptrend after it breaks out of $120.8464.

If the price breaks down of $0.076, it will dip to $0.072545.

For the past seven days, the price has remained stuck in a tight range, which suggests that both bulls and bears are not waging a large bet as they are not clear of the next direction.

EOS/USD. EOS rounds up the top three losers with a marginal loss of just over 1% in the past seven days.

The first indication of a change in trend will be when the price breaks out of the moving averages.

We suggest traders avoid bottom fishing until the price remains below both moving averages.