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
에 게시 됨 Jul 27, 2019
by Cointele | 에 게시 됨 Coinage
Coinage
이 기사에서 언급
최근 뉴스
모두보기
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.