Hello everyone, a big thank you for all those who recently followed our community space on steemit. Here is an update on the watchlist that we created last week . a quick review on where we are on some of the high market cap coins that are currently undervalued. Aim: watch for reversal signals and make some profits:
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#1 There are some mixed views on #LTC price. on the weekly and daily chart, price found strong support at 0.0182 but if we look at the general trend it is still considered to be in a downtrend specially if we look at the 4 hours chart to see that is trading below moving averages but still above the support level at 0.0194. conclusion: lets just wait a few more days to see if price will gain momentum or fulfill a further correction back down to 0.0182 level
#2 Looking at #Neo in our watchlist, the price is still in a downtrend and didn't reach support levels yet, but it is getting there, any reversal signs on the 0.00874514 or 0.00803703 may indicate an excellent entry point.
#3 #Eth is still in a strong downtrend and is now trading below both moving averages on the daily and weekly charts, look out for reversal signals around 0.0687 levels and 0.0526 levels respectively and wait for a confirmation for change in trend.
#4 ADA Cardano was not able to find support at 0.00002535 level and seems to be heading down to 0.000017 or 0.0000157 support level . ADA has a number of milestones to be achieved and founder Charles Hoskinson gave a great speech on cardano at the london school of economics last week and these people are really serious about what they r doing globally. stay tuned for reversal signals.
Thank you very much for the insights! Keep up the good work
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