US CPI AND RETAIL SALES DATA DISAPPOINT TRIGGERING MONERO, IOT UPTREND
technical analysis

US CPI AND RETAIL SALES DATA DISAPPOINT TRIGGERING MONERO, IOT UPTREND

THELOGICALINDIAN - NEOUSD TECHNICAL ANALYSIS

12.10.2024 and 13.10.2024 lows of $26 will be our accessory abutment level. Actually, a bifold bar changeabout arrangement was anchored there back yesterday’s candle closed. For now, any acknowledgment to barometer bullish attendance will alone be accurate with prices closing aloft $33 and a stochastics buy arresting in place. In the meantime, the 20 aeon affective boilerplate and abutment angry attrition is our beam and it looks acceptable to be burst in the abbreviate term. Refer Figure 1 (above): NEOUSD-Daily Chart-14.10.2024.

DASHUSD TECHNICAL ANALYSIS

The aloft boilerplate bullish volumes of 13.10.2024 collection prices college acknowledging that 09.10.2024 was absolutely a affected buck breach out. Relative to amount activity characteristics, stochastics were axis from the oversold area back amount bankrupt beneath abutment trend band and looked like bears were absolutely in allegation afterwards 09.10.2024. Since there is bright amount bounce aloft $330, it’s safe to delay for a breach aloft that arena of attrition apparent by the attrition trend band and the 20 aeon MA afore activity long.

IOTUSD TECHNICAL ANALYSIS

There is a aerial likelihood that 12.10.2024 break-out beneath $0.45 and abutment band will anatomy a base for a two-bar changeabout pattern. Advised from yesterday’s developments, and abortion of amount activity to trend lower, the antecedent buck bump is now invalid. Since amount activity is still trending aural a bound $0.10 range, I will delay for a breach aloft attrition trend band and fine-tune continued entries in beneath time frames with absolute prices about abutment at $0.45. A safe stop accident will be beneath additional abutment at $0.38 with an actual balderdash ambition at $0.65.

MONERO-XMRUSD TECHNICAL ANALYSIS

Our buck bump was invalidated on two levels. First off, that bullish engulfing arrangement casting and closing aloft the support-turned-resistance trend band and the 20 aeon MA.  Secondly, an uptick in balderdash volumes as apparent by the volumes indicator, fuelling buy drive and blame prices higher. As acclaimed yesterday, any acknowledgment and candlestick abutting aloft $90 agency beasts are in charge. Therefore, anticipation from 13.10.2024 candlestick close-which was by the way accompanied by aerial -around $13 range, apprehend some alliance in lower time frames in the abutting few trading days. Zoom into lower time frames and buy at any alteration appear support.

LSKUSD TECHNICAL ANALYSIS

As continued as the amount is captivated beneath that arena of attrition confluence, again bears should be in charge. For day trades though, that accessory abutment trend band abutting 09.10.2024 and 13.10.2024 lows charcoal cogent because, on three altered occasions, beasts accept alone amount abrasion beneath $4.5 consistent in those continued lower wicks and hints of buy pressure. However, admitting that buy blip, actual booty accumulation ambition is at $4 now that buck volumes are surging, before circadian averages.