The pullback from recent highs will soon slow, and the decline in prices will stop in a sideways consolidation.Determining possible support levels.
BCH / USD
Yesterday, sellers intensified their pressure and the BCH price rolled back to the level of average prices, and in the morning sank to the support of 38.2% fib (289.52 USD).
The market capitalization of bitcoin cash has dropped to $5.5 billion, but the asset now ranks fifth on the CoinMarketCap list, pushing Chainlink to sixth.
We believe that today the decline in the BCH price will stop at the level of the POC indicator line (288.93 USD), and in this area the pair will be able to gain a foothold in the sideways range for a short time.
LINK / USD
The LINK price returned to the weekly low yesterday and stopped its decline.
We believe that today the pair’s decline has not yet ended and the price of Chainlink may sink to the support of 14.00 USD, and the weekly minimum will shift to the area of 13.00 USD.
LTC / USD
Last night the Litecoin price rolled back to the areamark 64.00 USD and buyers tried to resume growth to the 100% Fibonacci level. However, the growth was not supported by volumes, and until the end of the day, buyers were unable to test the 100% fib level (69.40 USD).
Overnight the pair rolled back to the level of average prices andThe decline has slowed down slightly. We believe that today the pullback may continue below the 78.6% fibo level (59.31 USD), and in the area of the POC line (57.36 USD) the LTC price may find support and gain a foothold in consolidation.
EOS / USD
Yesterday, the support level of 3.65 USD could not stop large sales of EOS. The pair sank below the average price level and continued to decline at night towards the blue trend line.
This morning, sellers have already managed to push the EOS price out of the ascending channel. We believe that the decline will continue to the area of the POC line (3.05 USD), after which some recovery of the pair is possible.
XLM / USD
The bears pushed down the average price level yesterday, and during the Asian session they intensified their pressure and tested the POC line (0.101 USD) in the morning.
If today the pair fails to gain a foothold in consolidation with support at the psychological level of 0.100 USD, then the pullback may continue to the area of the 0.095 USD mark.