Analysis of the prices of Bitcoin Cash, Litecoin, Cardano, EOS and Stellar for 08/11/2020

Buyers in small volumes were unable to overcome the nearest resistance levels yesterday. Will they be able to todaybulls to break through the highs?

BCH / USD

Trading volumes remained low yesterday morninglevel and the price of bitcoin cash gradually rolled back from the resistance of 310.00 USD. During the day, sellers were already able to test the support of 38.2% fibo (289.52 USD). 

In the afternoon, the pair recovered to the area of ​​average prices and is still consolidating in a narrow sideways corridor. 

The bulls still have chancesto test the resistance of the 50% fib (356.25 USD), and the bears are ready to increase the pressure below the support of the 38.2% fib (289.52 USD) to return the price to the upper border of the wide blue corridor. 

LTC / USD

Yesterday buyers tried to restore the price higherresistance 78.6% fibo (59.31 USD), but purchase volumes remained at a low level. The Litecoin price was able to break through this resistance several times, but each time sellers returned the pair to the average price area. 

Today, attempts to break above the 78.6% Fibonacci level will be repeated. If the pair manages to consolidate around 60.00 USD, then growth will continue to a new monthly high (66.00 USD). 

If the bears push through the support of the two-hour moving average EMA55, then the price may roll back to the 61.8% fib level (51.39 USD). 

ADA / USD

Yesterday the price of Cardano, in the morning, did notwas able to overcome the resistance of 0.150 USD and rolled back to the support of the two-hour EMA55. In the afternoon, when sales volumes declined, the pair was able to gain a foothold in a narrow consolidation at the level of average prices. 

Today, buyers can take anotherassault on the upper border of the wide side corridor 0.150 USD, in which the pair has been since the end of July. If the bulls are able to push the price out of this sideways range, the price will test the 0.160 USD mark. 

If the bears increase pressure, then the price of ADA will break through the support of 0.140 USD and roll back to the area around the 0.130 USD mark. 

EOS / USD

Yesterday, the EOS price was able to recover into an ascending channel above the blue dotted trend line. The growth was not supported by large volumes and this morning the pair returned to the average price area. 

If sellers push through the two-hour EMA55, the decline will continue below the psychological level of 3.00 USD. 

If the pair remains in the area of ​​the moving average EMA55, then the bulls will still have a chance to break into the monthly high zone (3.50 USD). 

XLM / USD

Yesterday, trading volumes for Stellar remained at a low level and the pair consolidated in the area of ​​average prices until the end of the day. 

At night, buyers tried to recover to the resistance of 0.110 USD, but this morning the price again returned to the support of the two-hour EMA55. 

If bearish pressure intensifies, the price will drop below the psychological mark of 0.100 USD and stop the decline in the area of ​​the POC line (0.096 USD).