Analysis of Bitcoin Cash, EOS and Litecoin as of 07/09/2018

The altcoin flat continues. The consolidation will soon end. Positive price dynamics are expected

BCH/USD

Over the weekend, Bitcoin Cash set a high at 783.22 USD and tried to consolidate above the support level of 750.00 USD. Yesterday in the afternoon, the stochastic formed a signal to decline, and the pair broke through the level of 750.00 USD in the fall, receiving support only at the level of average prices. Today the price will continue to recover into the flat zone and, most likely, will be limited to a barely noticeable resistance level of 777.00 USD.

EOS/USD

The forecast for the pair to exit the flat has not yet come true. Saturday's bullish momentum restored the sliding price to its maximum at 8.99 USD, but soon the price still returned to the level of average prices. At the moment, the price is still beating in a narrow range, in the area of ​​​​the moving average EMA55 (8.650 USD). A repeated bullish impulse from this level will be able to implement an optimistic scenario by re-testing the resistance level of 9.282 USD. 

LTC/USD

Litecoin on Saturday set a maximum at 86.00 USD and the price gradually decreased all weekend. On Sunday, the price broke through the average price level EMA55 and stopped its decline, meeting the support of the green line at 82.00 USD. Trading volumes are quite small and the price barely deviates from the equilibrium level. Today the flat will continue, but soon we expect an exit from this range and the development of positive dynamics according to our optimistic forecast. 

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