Let's see if we spot a trade in any of the top three losers of the past seven days.
The negative news flow regarding its founder, Justin Sun, has kept the prices under check.
Currently, the price has again dropped to the immediate support of $0.022, below which a retest of $0.017740 is likely.
In a range, many times, the price can remain stuck, frustrating the investor.
If the price rises above 20-day EMA and the recent high of $13.88772, a retest of $20.80 is probable.
LINK/USDChainlink was among the top three losers last week and it has again found a place this week.
Though the price broke out of the downtrend line, it has not been able to scale the 20-day EMA. Hence, our buy recommendation did not trigger.
Currently, the price is stuck in a range between $2.0531 and $2.8498.
The traders can wait for the price to breakout and close above $2.8498 before initiating any long positions.
Contrary to our assumption, if the price turns down from either 20-day EMA or the top of the range and plummets below $2.0531, it can correct to $1.3202.
TRX, NEO, LINK: Top-3 Crypto Losers of the Week
gepubliceerd op Jul 27, 2019
by Cointele | gepubliceerd op Coinage
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