Today, during the day, some recovery in altcoin prices is possible
BCH / USD
Yesterday, the BCH price continued consolidation in a narrowing range. Bitcoin Cash ABC is one of the few altcoins whose price has been above the hourly EMA55.
Due to the fact that trading volumes decreased significantly, sellers were not able to push through the average price level, and buyers could not gain a foothold above 38.2% Fibo (289.51 USD).
Now the pair is held at the lower border of the orange triangle. Today, there is a chance of a breakthrough of the upper boundary of the triangle, followed by a rollback to support of 275.00 USD.
LTC / USD
Yesterday, early in the morning, the price tested the upper border of the blue triangle and rolled back to the level of average prices.
In the afternoon, sellers were able to increase volumes above the average and sell support for the watch EMA55. The price of LTC fell outside the triangle, but was able to stay in consolidation on the POC line (58.20 USD).
At night, buyers tried to return to the blue triangle, but could not overcome the resistance of the moving average EMA55.
Today, attempts to recover will continue andre-test of the upper boundary of the triangle is possible. We believe that the local maximum may be located around 61.00 USD. Toward the end of the week the pair will roll back to the support of 54.00 USD.
EOS / USD
Yesterday the level of average prices for a whilesuspended the decline in EOS, and the pair recovered to the upper limit of the narrowing range. However, in the afternoon, sellers began to build up pressure and sold the watch EMA55. The price went beyond the lower border of the triangle and broke through the support of 3.30 USD.
The decline stopped only in the areapurple line support. Buyers were able to seize the initiative and restore the pair to the level of average prices. It is not yet possible to rise above the level of 3.30 USD, but during the day buyers will continue their attempts to recover to the POC line (3.34 USD).
During the rollback, the purple trend line will hold the EOS price in the lateral direction.
XLM / USD
Sellers yesterday sold the level of average prices and rolled back the pair to the POC line (0.063 USD). The pair was able to consolidate near the fair price, and EMA55 kept the price from a re-test of 0.065 USD.
Today, buyers will make another attemptrecover and may break through the resistance of 0.065 USD. We believe that the local maximum will be in the region of the ascending orange trend line. She will unfold the price of Stellar to decline.