July 24, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/08/2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/08/2020

Today, there is a chance of updating the January maximum, but to gain a foothold in this zone will not work.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/08/2020

Yesterday, the bulls still managed to break through the resistance of 246.00 USD, but this morning the price is still consolidating below this level. 

If today the bulls manage to make another attempt to break above this resistance, then the maximum is possible in the area of ​​260.00 USD. 

On the other hand, the market is largelyoverheated, so buyers may not have enough strength to update the January maximum. There is a high probability that with low trading activity the pair will roll back to the support of 230.00 USD. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/08/2020

Yesterday evening, the bulls broke through the 50% fibo level (45.82 USD) and at the end of the day they set a high around 47.00 USD. 

Tonight, buyers managed to continue growing and update the January high to 48.62 USD. In the morning, volumes decreased significantly, and the price rolled back slightly. 

If buyers are able to increase volumes again, then the monthly maximum will be able to be established in the area of ​​49.30 USD. A subsequent pullback could return the price to the fifty percent Fibonacci level. 

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/08/2020

Yesterday, buyers could not overcome the level of 2.82 USD, and tonight a powerful bullish impulse set a maximum in the region of 3.00 USD. 

After a small pullback, growth may continue toresistance of 3.05 USD, but it will not work to gain a foothold in the zone of maximum. According to our calculations, the rollback will stop at the level of the hourly EMA55 (around 2.70 USD)

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 01/08/2020

After the January maximum around the 0 mark.052 USD the price of Stellar yesterday rolled back to the four-hour EMA55 level. In this area, buyers have found support and are trying to restore the price to the monthly high zone. 

We believe that today a resistance re-test of 0.053 USD is possible, but soon the price will roll back to the POC line (0.046 USD).