As DASH reverse from 00, other crypto pairs are following suit especially IOTA which is now trending lower after stalling at .2. Generally, USD buyers are in charge across most currency pairs besides NEM.
Apart from these, I will shift my focus on LTC and chances of losing their Q4 2017 gains is high after failing to close above 5.
Let’s have a look at other charts
NEM RALLY AS BUYERS AIM AT
![NEM clears .1 as buyers aim at](http://s3.amazonaws.com/main-newsbtc-images/2018/01/04090827/XEMUSD-4HR-Chart-04.01.2018.png)
Price action sliced through .1 like a hot knife through butter.
My recommendation on December 4 was proven wrong and after pasting a Fibonacci extension between last week’s highs, then it’s evident that NEM prices have already cleared two key resistance levels at .35 and at $.176.
Buy pressure is intact. Even though there is a stochastic sell signal in place, we shall see how bears react at $.176. That is assuming there is confirmation of bear pressure.
Of course it will not be wise to sell in a strong uptrend but in a bid for recovery, any close below .76 with trend towards the middle BB is ideal for buyers looking to buy on dips.
DASH REVERSE FROM 00 AS SELLERS AIM FOR 0
![DASH reverse from 00](http://s3.amazonaws.com/main-newsbtc-images/2018/01/04090810/DASHUSD-4HR-Chart-04.01.2018.png)
After a doji candlestick on January 3, prices couldn’t get past 00 and this reversal is a surely a confirmation of the over-valuation in the weekly chart.
We expect prices to close below 00 in the coming sessions now that a stochastic sell signal is in place and DASH prices are turning from the 78.6% Fibonacci retracement level as per last week’s high-lows.
In light of this, sellers should aim for 0 and 0.
IOTA PATH TOWARDS EQUILIBRIUM IS ON COURSE.
![IOTA bears after reversing from .2](http://s3.amazonaws.com/main-newsbtc-images/2018/01/04090815/IOTUSD-4HR-Chart-04.01.2018.png)
Unfortunately for IOTA buyers, prices couldn’t get past .2 and this is important for sellers.
According to yesterday’s projection, we were short term buyers with ideal take profit target at .5. However, after today’s lower lows, IOTA path towards equilibrium is in progress invalidating that bull move.
Already there is a stochastic sell signal and obvious resistance at .2.
AFTER REVERSING FROM AROUND 0, MONERO SELLERS PUSH FOR 0
![Monero lower lows towards 0](http://s3.amazonaws.com/main-newsbtc-images/2018/01/04090832/XMRUSD-4HR-Chart-04.01.2018.png)
Monero price action is panning out as per yesterday’s recommendation and sellers are driving prices lower at around 0.
Besides that, there is a stochastic sell signal in place. This is in sync with the overall momentum in the weekly chart.
As usual, I will use the Fibonacci extension tool from last week’s high lows to mark out potential take profit levels.
As it is, Fibonacci projects them at 0, the 61.8% extension level. This is around the same price as our immediate support at 0. That’s where sellers should be aiming.
LTC BEARS MAY DRIVE PRICES TO 0
![LTC sellers aim at 0](http://s3.amazonaws.com/main-newsbtc-images/2018/01/04090820/LTCUSD-4HR-Chart-04.01.2018.png)
Sellers are definitely in charge and the bounce from 5 is impressive.
Because the over-all LTC trend is bearish, we should be looking to load shorts and aim at 0.
All charts courtesy of Trading View
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