May 28, 2023

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/18/2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/18/2020

Today, buyers will try to gain a foothold in the region of average prices.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/18/2020

Yesterday in the market for large sales already was not, trading volumes fell below the average level and the price of BCH stopped the intensive decline.

Buyers were able to restore the price above the level of 400.00 USD and on the way to the level of 61.8% Fibo (422.97 USD), the pair loses its positive dynamics and goes into consolidation.

If today volumes continue to decline, thenthe pair will consolidate in the lateral range with support at the psychological level of 400.00 USD. If buyers can increase volumes, the price will return to the two-hour EMA55.

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/18/2020

Yesterday the level of 100% Fibo (69.40 USD) was able to keep the price of Litecoin from a further decline to the support of 64.00 USD. On declining volumes, the pair recovered to the Point Of Control line.

At night, buyers continued their recovery and tested the average price level. If today the pair consolidates above the POC line, then in the future the price will reach the resistance area of ​​77.70 USD.

A drawdown below a one hundred percent fibonacci level will cast doubt on further growth in the region of the annual maximum.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/18/2020

Yesterday, the EOS price stayed on the POC line (4.23 USD), and in the afternoon, buyers tried to restore the price to 4.666 USD. However, trading volumes were quite low, and the pair was stuck in consolidation around 4.46 USD.

If today customers will be able to increasevolumes, the couple will test the level of average prices. If volumes continue to decline, the pair will again roll back to support the Point Of Control line (4.23 USD).

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 02/18/2020

Yesterday, buyers seized the initiative andrestored the price to the area of ​​the mark of 0.073 USD. At night, this level was used as support, but buyers can not continue to grow, and the pair is consolidating in a narrow range.

If today the pair holds out in this area insideways, it will soon be able to test the two-hour moving average EMA55. If the price rolls back below the POC line (0.072 USD), then the decline will continue to support 0.065 USD.