Even with our altcoins optimism, there seem to be no demand to buoy further higher highs. We can rightly see that in Stellar Lumens, Litecoin and IOTA charts. Most noteworthy from all altcoins under our review is IOTA which is simply ‘flat” despite announcement of IOTA Hub. This hub allows for easy exchanges integration and listing of IOTA. By all accounts that was bullish but as long as prices are below $1, we are neutral but with a heavy bearish leaning.EOS Technical AnalysisFrom the NewsDan Larimer, the CTO at Block One is proposing new ways of better improving network efficiency, network resource redistribution and utilization. As it stands, the EOSIO network has no better way of resource distribution which in turn opens channel for retail or small scale users to spam the network or even lock up resources. Dan is proposing EOS token holders to lend out their resource and allow others to have access to bandwidth without the risk of losing their initial capital.EOS community! REX tokens! What are they? Find out here in this summary of Dan Larimer’s proposal ‘EOS Resource Renting & Rent Distribution’ https://t.co/5SRU3NizUd #Blockchain #blockchaintechnology #EOS #EOSUK #eosio #cryptocurrency pic.twitter.com/exUnFtob5g— eosuk.io (@eosukbp) August 5, 2018
Technical AnalysisEOS Technical AnalysisEOS Daily Chart by Trading ViewFrom a top down approach, EOS is inside a $2 trade range and what’s conspicuous (in the weekly chart) is that clear bearish engulfing pattern after last week’s close.It could set the precedence, inviting sellers now that EOS has been stuck within a tight trade range in the past four days or so as they hug the main support line at $7.In any case, any high volume break below $7 means the validation of a bear break out pattern set rolling by June 22 bearish engulfing pattern as laid out in our past EOS technical analysis. Before that happens, we shall take a neutral stand but with a heavy neutral leaning.Litecoin (LTC) Technical AnalysisLitecoin (LTC) Technical AnalysisLitecoin Daily Chart by Trading ViewOur small size sell positions set in motion after July 30 break below $80 are live.Even though the general  plan here as set out in our prior Litecoin (LTC) trade plans is for a convincing break below $70 and validation of June 10 triggered bearish break out trade pattern, traders need to stay solid despite Aug 4 rapid depreciation. Litecoin is actually well within our “neutral” $20 range with lower limits at $70. As such, before we commit waiting for clear signals is but prudent.It’s worth noting that week over week, Litecoin is down 12 percent. As such, with last week’s strong bears, there is a high chance that sellers might break below $70 now that Bitcoin is also falling.Stellar Lumens (XLM) Technical AnalysisStellar Lumens (XLM) Technical AnalysisStellar Lumens Daily Chart by Trading ViewAs far as Stellar Lumens (XLM) price action goes, our longs are valid in line with our last Stellar Lumens (XLM) technical analysis. Then we said 22 cents is our immediate support and any breach cancels our two week bullish position.However, like most coins under our preview, when we take a top down approach then we realize that it might be a different story now that a double bar bearish reversal pattern is printing at key resistance levelsBecause of this, we need strong market involvement by buyers to reverse Aug 4 and 5 losses before we suggest buys. If not and we see a dip below 20 cents or June and July lows, then we recommend selling on pull backs with targets at 8 cents.Tron (TRX) Technical AnalysisTron (TRX) Technical AnalysisTron Daily Chart by Trading ViewSo far, so good and our Tron (TRX) trade plan is firm as it gets. First, not only are our sells active but with every lower low, our first target at 2.5 cents is likely to be hit.Remember, this is coming at the back of Justin Sun’s bullish statements saying their VM would compete with that of Ethereum’s in days to come. Nonetheless, bearish events of last week pour cold water on this.Should there be a confirmation of those TRX sellers this week, then Tron (TRX) might exceed our bearish projection and dip to 2 cents.IOTA (IOT) Technical AnalysisFrom the NewsAfter announcement of IOTA Hub, prices jump 20 percent. IOTA Hub is an open source solution uses a gRPC API and the foundation said it will solve all the network problems service providers as crypto exchanges faced. It’s a milestone for the blockless development because all service providers have to do is connect to the Hub and within weeks investors would be buying the coin.The IOTA Hub is finally on Github. It simplifies wallet and key management and makes it easier to integrate #IOTA. Very much looking forward to all the new wallets, exchanges and other services using it. Feel free to reach out if you need assistance https://t.co/5Kqbkswu7R— Dominik Schiener (@DomSchiener) August 4, 2018
UpBit, one of the largest South Korean exchanges now supports IOTAMore big news for #IOST! We are officially being listed on #Upbit, Korea’s biggest exchange and the fifth largest exchange in the world! With 500K supporters from over 150 countries, IOST is truly a global blockchain project growing stronger every day! pic.twitter.com/c9jQZIImAZ— IOStoken (@IOStoken) July 25, 2018
Technical AnalysisIOTA (IOT) Technical AnalysisIOTA Daily Chart by Trading ViewContrary to our expectations, IOTA buyers didn’t find enough moment to edge past $1 or even July highs days after the announcements. Instead, what we do have is a bearish pin bar but encouraging enough prices are above 90 cents.From previous IOTA trade plans, 90 cents remains a key anchor in our analysis and for conclusive sell or buy decision we must see a whole bear candlestick closing below 90 cents to warrant sells.So, considering the past three days events, we are still neutral with a heavy bearish skew on IOTA.Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

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