Bitcoin Cash, Litecoin, EOS and Stellar
Lumen price analysis on 04/17/2020
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| Bitcoin Cash, Litecoin, EOS and Stellar Lumen price analysis on 04/17/2020 |
ill buyers today be able to stay in the middle price range and continue to grow? Yesterday, after the bitcoin cash price rebounded from the support of 23.6% Fibo (206.96 USD), buyers were able to continue the recovery and the pair overcame the resistance level of 230.00 USD. The BCH price has fixed in the blue side corridor, and at night at small volumes, buyers tried to continue to grow, setting a nightly high near the mark of 240.00 USD.
This morning, the pair rolled back from the maximum zone to the lower border of the blue range, which so far keeps the price in the side corridor. If this level copes with support, then growth may continue to the upper limit of the blue range.
However, if sellers sell the lower end of the range, then the BCH price will roll back below the average price level. In this case, the POC line (222.57 USD) could be support. Yesterday, the resistance level of 38.2% Fibonacci could not hold back a strong bullish momentum, which broke through the two-hour moving average EMA55 and set a maximum near the level of 44.00 USD. By the end of the day, the pair rolled back a little and consolidated in a narrow range, and this morning sank into the middle price range.
If sellers sell the moving average, then the decline may stop in the region of 38.2% Fibo (40.26 USD). If the average price level keeps the pair from falling, then buyers will try to restore the LTC price to the area of the fifty percent fibonacci level. Yesterday, a good rebound from the weekly low zone was continued in the form of a strong bullish impulse, which broke the level of 2.60 USD. Already at declining volumes, buyers tried to test an upward green trend line, but after a weekly high at 2.74 USD, the pair rolled back to support 2.60 USD.
Today, the decline may continue to the level of average prices, if it stops the rollback, then buyers can resume attempts to test the target three-dollar level. Yesterday, a powerful bullish impulse broke through the resistance level of the two-hour EMA55 and the price of Stellar tested the psychological mark of 0.050 USD. The pair could not gain a foothold in the ascending green channel and rolled back to the middle price area.
If the moving average keeps the XLM / USD pair from further decline, then the bulls can continue to recover and fix the Stellar price above the green trend line.
If the bearish pressure resumes, the pair will return to the zone of the weekly minimum.
This morning, the pair rolled back from the maximum zone to the lower border of the blue range, which so far keeps the price in the side corridor. If this level copes with support, then growth may continue to the upper limit of the blue range.
However, if sellers sell the lower end of the range, then the BCH price will roll back below the average price level. In this case, the POC line (222.57 USD) could be support. Yesterday, the resistance level of 38.2% Fibonacci could not hold back a strong bullish momentum, which broke through the two-hour moving average EMA55 and set a maximum near the level of 44.00 USD. By the end of the day, the pair rolled back a little and consolidated in a narrow range, and this morning sank into the middle price range.
If sellers sell the moving average, then the decline may stop in the region of 38.2% Fibo (40.26 USD). If the average price level keeps the pair from falling, then buyers will try to restore the LTC price to the area of the fifty percent fibonacci level. Yesterday, a good rebound from the weekly low zone was continued in the form of a strong bullish impulse, which broke the level of 2.60 USD. Already at declining volumes, buyers tried to test an upward green trend line, but after a weekly high at 2.74 USD, the pair rolled back to support 2.60 USD.
Today, the decline may continue to the level of average prices, if it stops the rollback, then buyers can resume attempts to test the target three-dollar level. Yesterday, a powerful bullish impulse broke through the resistance level of the two-hour EMA55 and the price of Stellar tested the psychological mark of 0.050 USD. The pair could not gain a foothold in the ascending green channel and rolled back to the middle price area.
If the moving average keeps the XLM / USD pair from further decline, then the bulls can continue to recover and fix the Stellar price above the green trend line.
If the bearish pressure resumes, the pair will return to the zone of the weekly minimum.