A brief overview of dynamic altcoins from the top ten by capitalization
BCH/USD
Yesterday, consolidation near the 78.6% fib level (1346.81 USD) led to bullish impulse and an attempt to re-test the 100% fibonacci level (1543.26 USD). But the April high at 1574.37 USD held and the price of Bitcoin Cash rolled back to support in the price area of 1400.00 USD. Judging by the fact that the stochastic has already entered the overbought zone, in the future we should expect the price to return to the starting level of 78.6% fibo (1346.81 USD)
EOS/USD
As we expected the price yesterday EOS on its way to $20 per token met strong resistance at the 78.6% fib level (19.223 USD). All that the EOS/USD pair could achieve was to break through resistance and set a high at 19.637 USD. It was not possible to gain a foothold higher and today the price began to decline towards the support level of 61.8% fib (16.291 USD)
LTC/USD
Yesterday Litecoin was unable to gain a foothold near the high of 153.90 USD and today rolled back to the 150.00 USD zone. In the afternoon, a re-test of the lower border of the yellow range, which is located near the 61.8% fib level (144.61 USD), is possible. There is also a moving average here, which will further limit the price from falling below this level. If the stochastic shows a buy signal, you can enter long positions with a target of 180.00 USD. If there is no signal, you should remain neutral.
IOTA/USD
On May 2, after the low at 1.81 USD, the stochastic gave a buy signal. On the same day, the IOTA price soared to a maximum of 2.35 USD. Today, after the price sets another high, IOTA will roll back slightly to the area of 2.05 USD, where you can look for positions to enter longs with a target of 2.50 - 3.00 dollars per coin in the medium term. However, if there is no stochastic buy signal, then we should expect a deeper pullback to the support level EMA55 (1.80 USD)
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