April 23, 2024

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 09/22/2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 09/22/2019

Tonight, the pair broke through support for the average price level. Will the rollback continue?

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 09/22/2019

Since the beginning of the monthBCH price held above the ascending orange trend line. Yesterday, sellers were able to push through this powerful support and rolled back the price of Bitcoin Cash ABC to the level of the POC indicatorprofile volume(304.71 USD). 

Buyers today will try to restore the price tofour-hour EMA55, but with decreasing volumes it will not be possible to gain a foothold above the average price level. Most likely, the pair will continue to decline towards the psychological level of 300.00 USD. 

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 09/22/2019

After the pair fell out of the green ascending channel, buyers tried several times to restore the price using the support of the four-hour EMA55. 

However, sellers sold tonightthe level of average prices and the pair rolled back to the area of ​​70.00 USD. We believe that today LTC price decline will continue to support 100% Fibo (69.40 USD), near which the decline will stop.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 09/22/2019

Yesterday the pair consolidated under the orange trend line all day. Trading volumes did not exceed the average level, so buyers were unable to test the resistance of 4.10 USD. 

This morning the bearish impulse pulled the pair loweraverage price level. If buyers are unable to break through it, the decline will continue to the area of ​​3.70 USD, and next week it will reach support of 3.65 USD. 

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 09/22/2019

This week, the price of Stellar set a monthly high at 0.089 USD. The pullback was quite intense and it returned the pair to the average price area (0.070 USD). 

The four-hour EMA55 is currently supporting the pair, but if the bearish pressure continues, the decline will return the pair to the equilibrium price in the area of ​​0.058 USD. 

Stoch RSI indicator lines entered the oversold zone, so it is quite possible that before the beginning of next week the pair will be able to consolidate in the consolidation in the area of ​​0.070 USD.