September 18, 2020

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.27.2019

Analysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.27.2019

The rollback from monthly highs has stopped, but the decline may continue next week.

BCH / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.27.2019

After a monthly maximum at 283.58 USD, which was established on Friday, the price of Bitcoin Cash ABC rolled back to the area of ​​240.00 USD. Yesterday, trading volumes decreased, and the pair consolidated in the area of ​​250.00 USD.

Today, a re-test of level 260 is possible.00 USD, and at the end of the day, a rollback is expected, which will continue next week. The level that can stop the decline is in the four-hour EMA55 area - this is support 230.00 USD.

After a brief consolidation, the pair will continue lateral movement, but at a different level, in the area of ​​the POC line (222.61 USD).

LTC / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.27.2019

After a weekly low at 47.24 USD, which was set on Wednesday, the pair began to show signs of recovery and tested the level of 50.00 USD. On Friday, a bullish impulse struck two resistance levels at once - 61.8% Fibo (51.38 USD) and 78.6% Fibo (59.31USD). The October maximum is set at around 64.00 USD.

On Saturday, trading volumes decreased, and the pair, using the support of the POC line (55.05 USD), was able to consolidate in the region of 57.00 USD.

Today, recovery may continue toresistance is 78.6% Fibo (59.31USD), but a pullback is expected at the end of the day, the depth of which can be in the support area of ​​54.00 USD. Next week, after a re-test of this level, the decline will stop in short-term consolidation.

EOS / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.27.2019

Last Friday, the bullish momentum indicatedmonthly maximum at 3.576 USD. Yesterday, the price rolled back to the support of 3.05 USD and felt at this level the support of buyers who restored the EOS price above 3.15 USD.

Today, the recovery may continue to the resistance area of ​​3.30 USD. We believe that the price can turn around at this level and begin to decline.

Next week, the decline will stop at the four-hour EMA55. The pair will be able to consolidate using the line Points control (2.944 USD) as support.

XLM / USDAnalysis of Bitcoin Cash ABC, Litecoin, EOS and Stellar Lumen on 10.27.2019

This week the price of Stellar Lumen receivedsupport in the area of ​​the POC line (0.058 USD). Until Friday, on small volumes, the price recovered to a four-hour EMA55, and on Friday evening, at rush demand, the pair broke through the orange trend line.

At night, during the Asian session, buyers set a monthly maximum at 0.074 USD, but until the morning the pair could not gain a foothold above the dotted orange support.

Yesterday the pair returned to the level of average prices andtrying to consolidate in a narrow range. Today, a re-test of the trend line is possible, which can act as a reversal level and send the pair down to the level of 0.061 USD. At the beginning of next week, the couple may return to the area fair value 0.058 USD.