Crypto newsletter: Markets take a breath after last week declines

Summary:

Most of crypto markets have settled down this week following the last week declines
EOS is stuck in a bullish channel
IOTABTC keeps rising

Most of cryptocurrencies saw noticeable declines last week. On the other hand, most of them have been moving nowhere so far this week as no major revelations have come in. It’s also worth noting that Bitcoin has fallen below $8k this week but it then has managed to recover above this line.

EOS is moving within the bullish channel between $2.6 and $3.06. Note that bulls may face some difficulties nearby the 50DMA. On the other hand, if they break above this line, they may go toward $3.14. Source: xStation5

Looking at the IOTABTC chart one may notice quite the encouraging bullish trend. The instrument is currently testing its important trend line. Once bulls keep control, a move toward $0.352 could be on the cards. Otherwise, one may count on a pullback toward $0.295. Source: xStation5

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