Informative analysis IOTA, NEM, Litecoin and Monero

 Today I bring an analysis of informative rather than technical style. I've  spent the whole night awake trying to finish some reports so if you  find spelling errors or words with some kind of wrong conjugation, I  apologize 🙂

There is no doubt that IOTA has had problems with sellers that have lowered prices. However, after that closing above $ 4.2, many investors simply decided to buy IOTA.

Of  course, after last week's highest rise, setbacks and breakdowns, they  expected LTC to become fashionable after waking up from a 2-week dream,  but it was not like that.

Instead, we are seeing a  series of lower lows and that's fine, since any reversal of $ 255 is a  new test that is quite attractive to buyers. 

The prices are pretty good and for the buyers of NEM, there is no reason to complain. 

 Judging from  last week, which by the way ended up being bullish against my  expectations, looking for buying opportunities is, after all, a  profitable activity and that is what we should face this week.

For the moment, we have that double reversal pattern of 3 bars, a star pattern in the second Fibonacci extension line at $ 1.76.

I  am of the opinion that this level is a good activation line for the  "bulls" especially if there is a convincing investment that leads to  close this obvious line of resistance. 

We have a Dash closing above $ 1300

 We can go on and on about the $ 1300 effect and how the DASH settlement arises each time the price action tests that level. On January 6, we had a post that was about the need for DASH buyers to press more than $ 1300-CONVINCING! I  am not seeing anything of the kind that justifies a commercial exchange  that, if given, taking into account the long consolidation, the  explosion would be "strong" and clear!

From my point  of view, the minor support trend line is proving to be important in the  short term and any interruption then means we have to wait for the  Fibonacci key entries 

IOTA

 For the first time in more than 12 days, IOTA buyers are trending more than $ 4.2!

This qualifies to be a breaking operation and as such, we should be looking to enter this opportunity. 

 

Monero had more than $ 430 with an upward holding

For the week ending January 7, Monero increased prices from $ 114 towards the main resistance to $ 400. Now, here is the deal. Do you see that bear candlestick reverting from the $ 400 following long wicks since January 6? These are indicators and point to a potential correction to minimums of January 5 of around $ 350.

Regardless  of the sell signal in the weekly chart, I recommend buying at $ 350,  since it matches the 50% Fibonacci retracement level anchored at last  week's low maximum. On the contrary, any explosion  higher than $ 430 cancels this small correction and gives way to a new  wave of strong upward pressure. Either way, our ultimate goal is December 20 maximum of $ 500. 

 

Litecoin keeps the price $ 255 for the second time

All LTC operators should be grateful for the current setback despite the strong LTC bull shank on January 6.

It  is typical of trade exchanges taking into account that the real break  occurred after that explosion above $ 255 and, as it is, these lower  casualties are simply a new test that is great.

I went ahead and placed a Fibonacci tool between the low last week and guess what? The $ 255 falls at the 50% level and that's where I'm recommending that we go further even if you've bought more than $ 290.

That's All! Thank you for reading and be sure to follow me! 

Let's Cook!