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?
gepubliceerd op May 16, 2019
by Cryptoslate | gepubliceerd op Coinage
Another mainstream company is seeking approval to invest in crypto
Anthony Scaramucci's investment firm, SkyBridge, seeks approval from the SEC to invest in crypto.
COVID-19 popularized decentralization, but blockchain may not catch on
On Nov. 9, drugmaker Pfizer announced that its COVID-19 vaccine is 90-plus percent effective, and even though it may be premature to proclaim the pandemic's end - as the virus continues to rage in the United States and Europe - once can at least speculate: Where will blockchain adoption stand when the crisis abates?
Bitcoin hits new 2020 high at $16.7K -Traders expect bigger breakout
The price of Bitcoin hit a new yearly high at $16,717 on Binance.
The next big crypto market could be fantasy sports, says Messari
As "Digitally native" ecosystems like esports continue to synergize with blockchain technology, industries like fantasy sports could be primed for mass adoption, says digital research firm Messari.