Technically, we remain net bearish of EOS, Litecoin, Stellar Lumens, Tron and Cardano (ADA). Nevertheless, of all these coins, Cardano is at a point of inflection and should sellers resume last week’s momentum then we will see new ATLs for ADA. The same applies for Tron and Litecoin which is finding temporary support after yesterday’s double bar bullish reversal pattern. Any move above the last three or four days consolidation might trigger a wave of buy pressure towards Sep 5 highs.
Let’s have a look at these charts: