Tuesday, July 16, 2019

Stellar, EOS and Binance Coin Price Prediction and Analysis for July 17th; XLM, EOS, BNB

Stellar Price Analysis (XLM/USD)

On an hourly chart, XML/USD pair continues the downwards pressure.  The downtrend was buttressed by the 21 day MA that gravitated above the 7 day MA that signaled a bearish outlook.  XLM has down surged by 4.6%, having begun trading at $0.08982 and is currently at $0.08572 over the last 24hrs. 

The pair’s price experienced sideways price movements after a price fall that placed new resistance level at $0.08986 and support level at $0.08572.  Presence of a four-price Doji was also seen repeatedly. This showed that the market dealt with a small number of transactions.

The Relative Strength Index was also touching below level 30 at several instances that indicated an oversold market condition.  This also showed that the bears had dominated the market momentum in the last 24hrs.

The market is at the moment recovering as reflected by the RSI indicator that has upped from level 29 to level 42.  This also indicated the reluctance of traders to go short in anticipation of better prices.

stellar price chart

Stellar Price Prediction

The 21 day MA is still trading above the 7 day MA that indicated a strong bearish signal.  This shows incoming bearish momentum in the next few hours. New targets should be set at $0.08200.  The support level is imminent to be broken.

EOS Price Analysis (EOS/USD)

Like XLM, EOS/USD pair has also undergone a bearish outlook over the last 24hrs.  EOS is down by 3.7% with a circulating supply of 923,253,298 coins. It started the sell-off at $4.4622 and is currently at $4.3032.  The pair’s price faced a slight dip yesterday. The RSI X indicator that was seen trading below level 30, the oversold territory reflected this.

A sideways momentum that placed resistance level at $0.31635 and support level at $0.29914 followed the bearish momentum.  Notably, both levels were tested severally. The RSI indicator was later seen heading upwards as it had moved from a low of 20.13 to a high of 49.75 that reflected an increase in buyouts.

Like XLM, the pair’s price RSI indicator is currently heading north which shows the unwillingness of traders to go short hoping for better prices.

eos price chart

EOS Price Prediction

At the press time, the 7 day has crossed over the 21 day MA.  This indicates incoming bullish momentum. The resistance level is likely to be breached while the new target should be set at $4.5000.

Binance Coin Price Analysis (BNB/USD)

BNB, on the other hand, is down by 5.7% over the last 24hrs.  It began trading yesterday at $29.36 and is currently at $27.70, which showed a significant fall.  The bearish pressure was supported by the 21 day MA that was seen gravitating above the 7 day MA.  

BNB/USD pair saw a short-term period of consolidation below $28.73 level that was later dropped below $27.35 that confirmed the downtrend.  The RSI indicator was also seen at 15:00 and at 0000h below level 30 that indicated the oversold market condition. 

The dip in BNB price has affected investors sentiments negatively that led to lack of confidence in the coin as reflected by the RSI indicator that is currently trading flat.  This also showed a lack of momentum in the market. Additionally, neither the bulls nor the bears have currently the upper hand.

binance coin price chart

Binance Coin Price Prediction

The 21 day MA is still above the 7 day MA that indicates a bearish signal.  A further downtrend is to be expected. New targets should be set at $26.1860.

Cryptocurrency Charts By Tradingview

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

Image(s): Shutterstock.com

The post Stellar, EOS and Binance Coin Price Prediction and Analysis for July 17th; XLM, EOS, BNB appeared first on NullTX.



Stellar, EOS and Binance Coin Price Prediction and Analysis for July 17th; XLM, EOS, BNB

Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.


Blockchain 101 · Crytpo Currency Market
---------------------------------------------------
Trezor: Hardware Wallet
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange

Simplify Crypto Trading with SwitchDex, the Decentralized Exchange by Switch.ag

Diversification is key for any investment portfolio and this remains true for cryptocurrencies. With thousands of tokens to choose from, crypto exchanges offer people a chance to benefit from the opportunities they provide. However, in the race to offer the best of services and differentiate, exchanges have become overly complex for average token holders.

SwitchDex is a decentralized exchange that creates a unique trading environment that is powerful, yet simple at its core. With its bare bones, yet fully functional features, the exchange has garnered the interest of major players in the digital industry, including John McAfee as a leading advisor.

Easily Switching Tokens

SwitchDex has been designed by the team behind the Switch.ag platform. The simple crypto-swapping platform allows anyone to switch one digital asset with another within a minute with only a few clicks. SwitchDex, their fully functional trading platform, carries the same principle of trading of being as easy as possible. The crypto exchange offers:

  • Over 100 tokens already listed, tradable with 6 base pairs.
  • Decentralized ecosystem where users are in control of their assets.
  • Lowest fee with only 0.2% as taker fee. This, however, can be reduced to zero with a one-time payment.
  • Passive earning through holding DESH (native token of Switch.ag platform) and SDEX (SwitchDex’s own token). 50% of both platform’s profits are airdropped to token holders.
  • Traders from all over the world (including the United States) can sign up and trade.

The ESH Token

Apart from the DESH and SDEX token, the Switch platforms have launched another token, the ESH. The token has been listed on the SwitchDex platform and holders of the ESH token are also given the opportunity of passive earning, as they will be distributed the rest of the gross profit from both Switch platforms.

Apart from the local listing, the ESH token is also listed on Instant Bitex and DOBI exchanges. Two other exchanges, Mercatox and IDEX, have also confirmed that they will list the token soon. Furthermore, the Switch team is already in talks with other exchanges to get the ESH further listed.

Project Advisors

The SwitchDex platform has already caught the eyes of industry leaders and many have joined the project as advisors. Leading the list is John McAfee, the man behind the McAfee anti virus and a pioneer in the digital security arena. His expertise in digital security gives the platform a competitive advantage by offering unparalleled security.

Mate Tokey is another big name in the digital sector advising the project. He has a streak in creating crypto websites that have become market leaders, such as Bitcoin.com and Bitcoinist. Editor in Chief of Crypto Coin Network (CCN) Simon Cocking, is yet another reputable name making this list.

The SwitchDex platform has all the right mix of simplicity and functionality that makes it the obvious choice for traders who want all of the action, but are not adept at technical trading aspects.

For more information on how easy it is to use a decentralized exchange, visit the website:  https://switchdex.ag/

Disclosure: This is a sponsored article

The post Simplify Crypto Trading with SwitchDex, the Decentralized Exchange by Switch.ag appeared first on NullTX.



Simplify Crypto Trading with SwitchDex, the Decentralized Exchange by Switch.ag

Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries.


Blockchain 101 · Crytpo Currency Market
---------------------------------------------------
Trezor: Hardware Wallet
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange