EOS vs Stellar Lumens: the overtaking

A historic day for Eos which, with a 20% leap from yesterday afternoon’s levels, returns to over $2.3 and for the first time wins fourth place in the ranking, managing to overtake even Stellar Lumens (XLM) who just a few days ago had also overtaken Bitcoin Cash (BCH), the latter now slipped under Litecoin (LTC) and managed to recover the week’s position in the ranking of the most capitalised.

EOS vs Stellar Lumens

The week before Christmas seems to be restoring confidence in the sector. A rebound attempt is ongoing for all the major cryptocurrencies which, after having reached the lowest levels of the year, are reviewing last week’s resistances.

Scrolling through the list of the top 50 of the ranking, the colour green stands out, even with double-digit rises. In the most sparkling week of the year, the hopes of investors shine again, accompanied by the desire to leave behind the most difficult year in the history of cryptocurrencies.

EOS vs Stellar Lumens

After almost breaking the 100 billion dollars of total capitalisation over the weekend, today’s concerted rise brings the values back over $110 billion. The failure to break the psychological support is due both to bitcoin, that despite its weakness manages to maintain the dominance at 55%, and the recent Stable Coins that over the past two months have been injecting the market with new liquidity. In fact, by unbundling these market shares, the total capitalisation of Altcoins during Saturday, November 15th, reached its lowest point since July 2017.

EOS vs Stellar Lumens
Search: https://it.tradingview.com/symbols/BTCUSD/

Bitcoin (BTC)

The snapshot of the last 24 hours brings prices back close to $3600, recovering more than 12% from Friday night values. The further drop in the last few days has pushed prices to update the low of the year, close to $3,000. The volumes of the day remain in the average of the last days. To strengthen the push upwards, more decisive purchases are needed. The return above $3750 could be an opportunity to restore confidence in the short term.

EOS vs Stellar Lumens
Search: https://it.tradingview.com/symbols/ETHUSD/

Ethereum (ETH)

More tonic is the ascent of Ethereum that from the lows of Friday evening goes up more than 15%. The prices try to go above 100 dollars once again, a technical and psychological value which was abandoned at the beginning of the month. The recovery of 105 dollars would also provide the double minimum technical signal to consider for the coming weeks. Under $88, however, there is a lot of space downard.

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Federico Izzi
Financial analyst and independent #trader – S.I.A.T. & Assob.it partner. He operates actively on stock and derivatives markets (futures and options) since 1997. A precursor of cyclic-volumetric analysis he is known for having identified the most important upward and downward movements in the financial markets of recent years. He participates annually as a speaker at the ITForum in Rimini since the 2010 edition and InvestingRoma and Napoli since the first edition of 2015. He is a guest and market expert on the "Trading Room" and "Market Driver" broadcasts of Class CNBC, Borsa Diretta.tv and on the evening news of Traderlink. Since July 2017 he is a permanent guest on LeFonti.TV, the only weekly national space dedicated to cryptocurrencies alongside the most important international experts in the field. Since May 2017 he is officially a Bigbit technical analyst. He was interviewed as a #cryptocurrency expert for Forbes Italia, Panorama, StartupItalia and DonnaModerna. He was recognized as the first Italian technical analyst to have published the first secular cyclic analysis on #Bitcoin. Periodically publishes articles on ITForum News, Sole24Ore, MILANOFINANZA, TrendOnLine and Wall Street Italy. Federico Izzi is... "Zio Romolo".