Alt coin Analysis: NEO, EOS, LTC, IOTA, and morning Asian trading roundup: the leading altcoin is Dentacoin
We expect a short to medium term alt coin recovery and considering these set ups, I recommend buying LTC, Lumens and NEM.
Reason? The depreciation has been rapid and right now, these pairs are recovering at key Fibonacci or price action support levels.
Let’s dissect these charts:
Scalp Lumens and target $0.7
XLMUSD 4HR Chart for February 3, 2018
It’s pretty nice price action is reversing from the head of the previous inverted head and shoulder pattern.
While the general XLM sentiment is bearish, buyers can find some momentum especially if prices break and close above the minor resistance trend line and the middle BB.
I recommend buys with immediate targets at $0.70.
NEM Recovers Right at Main Support
XEMUSD 4HR Chart for February 3, 2018
From yesterday’s price action, our NEM bear targets have been cleared and like most alt coins, prices are recovering.
I’m still pessimistic about this “bull” move but while at it, I recommend buys with targets at $0.75 as I wait to see what happens at those resistance levels.
Of course if there is a surge, I shall move my stops to break even and enjoy the ride towards $1.14.
EOS Bounces from $9
EOSUSD 4HR Chart for February 3, 2018
Laser surgery and we should keep our EOS strategy as per yesterday’s recommendation.
Buy LTC
LTCUSD 4HR Chart for February 3, 2018
Undoubtedly, will all the FUDs and drama and regulation talks, it’s time to buy the coin.
History cannot change and referring to previous price action, fear is at the peak. while investors and pundits continue with their barrage, prices are bottoming up and syncing at fair prices.
In the 4HR chart, not only did prices react at $100 but a strong bullish engulfing pattern is right at the 78.6% Fibonacci retracement level.
Encouragingly, prices are also reversing from last year’s break out line and I can say the second phase of a major bull break out pattern is complete. I recommend buys when LTC prices close above $140.
NEO Back in Consolidation
NEOUSD 4HR Chart for February 3, 2018
In a flash, NEO prices dropped below the 50% retracement line in the daily chart but buyers managed to shore this prices.
Even though there is a humongous bullish candlestick in the 4HR chart, we shall maintain our bearish view until prices touch or even close below the 61.8% Fibonacci retracement in the daily chart.
If indeed there is a welcomed reversal, then price action or buyers must lead the way and remove any nestles along the way as they drive prices above the middle BB.
Otherwise, I recommend shorting on every high.
All charts courtesy of Trading View
Morning Asian trading roundup: the leading altcoin is Dentacoin
FOMO Moments
The carnage on the crypto markets has continued this morning. Asian trading is bleak and everyone is selling, it looks like the mass media is winning the battle and reveling in a falling cryptocurrencies. Or it could be a prelude to Chinese New Year, markets fall every year during these months though this time around it is a harder fall from a higher height. Looking through the charts for a winning altcoin is not easy when everything is red.
One of the few altcoins enjoying some upward motion today is Dentacoin. DCN has had a little revival over the past 24 hours and is trading 23% higher than the same time yesterday. The dentistry based token is extremely undervalued at the moment, it shot to an all-time high of $0.0082 on January 8 which admittedly doesn’t sound that great. DCN has since pulled back over 80% to $0.0011 where it trades today however the movement over the past 24 hours has been upwards when all other coins have plummeted. The seven day picture isn’t as pretty, DCN has lost 30% since this time last week.
The inherent problem with Dentacoin is that there are 2 trillion of them in circulation so prices are never going to be higher than fractions of a cent. Continued partnership announcements have caused the recent uptake in interest for this toothy contender.
Following yesterday’s pattern DigixDAO is still performing well, up 24% on the day. The gold based token is ascending yet again today trading at over $400 from $350 yesterday. Stable coins are likely to do well during times of panic as gold does well when stock markets fall. DGD reached an all time high of $451 a couple of hours ago and the momentum is still strong with this token.
As Bitcoin barrels towards the crucial $8,000 mark it is pulling nearly all of its siblings down with it. For those that are still in panic mode, zoom the charts out to six months and smile!
More on Dentacoin can be found here: https://dentacoin.com/
FOMO Moments is a new section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals.
Click on the VOTE and get your the reward $ after in 7 days
............................ 
again your stupid USD analysis. report to BTC not USD
si creo que las cryptomonedas son mas dificiles de blanquear y una ves tu te animas a usarla para actividades honestas, no es complicado su uso.
Pero su acelerado descenso de valor bitcoin, ya me esta preocupando
When political leaders assert that cryptocurrency must be regulated due to money laundering concerns, what they really mean is “We’re largely powerless to prevent fiat currency laundering so we’re going to focus our efforts on cryptocurrency instead”.
There should be a public database on a public website with an easy interface that lists all hot coins, as well as the details of why they are hot and who entered the data. Eventually there should be a way to tag coins, at the individual wallet level, so you personally can choose not to accept coins that have a certain origin, and exchanges can make that choice as well. Then there will be $10k btc, $500 btc and $30 btc, depending on the coin's history.
Talk about a bias article....
laundering is not as easy as 'walking in to a casino', those places have cameras every square inch now days and your every move is monitored. And then your other option.. just buy a business... You try laundering 400 million dollars through a business while the heat is watching your every move. Hope you have a god version of Sol Goodman.
Thanks but I'd rather take the completely anonymous approach of spending a few weeks moving my $400 million to multiple wallets that I can sell from.
You watch too much tv buddy.
talking from life experience mate, not that you even need the life experience to draw this obvious conclusion
This year, do not explain the transfer, SSH is encrypted, there are people trying to break the brute force. Public online VPS, while 22 ports are open, a lot of scans and an attempt to log into the system will be conducted every day. I had to look for fail2ban.
hahahaha I know right they are never even decent. I would never use these posts to trade with. What a joke lmfao.