The consolidation of the altcoin market continues, in the second half of the week a bearish breakthrough is possible.
BCH / USD
Yesterday morning, buyers continued to pump the price.BCH and broke through the resistance of 275.00 USD. The daily maximum was set at 299.36 USD, after which the price fell back to support the level of 38.2% Fibo (289.51 USD).
In the Asian session, growth continued and the monthly maximum moved to the point of 306.78 USD, but it did not work out to consolidate in the region of the maximum. In the morning, the price again returned to the level of 38.2% Fibonacci.
The hourly chart shows how buyersusing the support, they are trying to resume growth in the area of 320.00 USD. But on the daily time frame, the Stoch RSI indicator lines are in the overbought zone, and in the near future an intensive decline is expected.
LTC / USD
Yesterday, the EMA55 sentinel level suspended declinepairs, and the price was able to recover above the level of 78.6% Fibo (59.31 USD). Tonight, buyers tried to continue the recovery, but the morning began again from the support of 78.6% of the Fibonacci.
Consolidation Corridor Tapering In Bluedotted triangle. Today, a re-test of its upper limit is possible at around 60.00 USD. We believe that by the end of the week the pair will break through the lower border of the triangle and roll back to the support area of 54.00 USD.
EOS / USD
Yesterday, the price of EOS continued lateral consolidation in the narrowing range. The night after a re-test of support of 3.30 USD, the pair recovered to the upper limit of the range.
Today, the level of average prices has suspended a smooth decline to the lower border of the blue triangle. Until the end of the day, the pair will continue to consolidate, and at the end of the week, a rollback to the area of 3.05 USD is possible.
XLM / USD
Yesterday, the XLM price again tested the level of 0.070 USD, but could not gain a foothold in the maximum area.
Consolidation of the pair along the upward trending orange line continues. From deep pullbacks, the price is kept by the two-hour moving average EMA55.
Today, in the area of average prices, we expect a reversal andrecovery above the dashed line of a local trend. In the second half of the week, a breakthrough of the average price level and a rollback to the support area of 0.054 USD is possible.