The recovery and consolidation stage is still ongoing, but the decline will soon resume
BCH/USD
Yesterday, having turned at a minimum of 900.00 USD, the price of Bitcoin Cash began to consolidate with a large amplitude. The range was so large that it accidentally updated the minimum to the level of 896.00 USD, and on recovery the pair could have broken through the 38.2% fib resistance (975.92 USD). Now the amplitude of the consolidation has faded a little and the price has stabilized near the level of 950.00 USD.
The stochastic indicator is still in the neutral zone, so it is possible that the recovery will continue for some time and the price will still test the fibonacci level of 38.2% (975.92 USD). The next local minimum will be formed in the area of 870.00 USD.
EOS/USD
Yesterday the pair consolidated between two strength levels of 11.22 USD and 10.61 USD. When the price breaks the support of 10.61 USD, the consolidation will fall below the 23.6% fib level (9.595 USD). The intense decline will not end there yet. The estimated target minimum is somewhere in the area of 7.900 USD.
LTC/USD
Litecoin nervously consolidated along the 105.00 USD line yesterday. On both the eight-hour and four-hour time frames, the stochastic shows an increase in price. Perhaps today there will be a retest of the zero fibonacci level (110.00 USD), but even if it triggers a rebound, the price will not immediately fall to the target support of 93.93 USD. At the psychological mark of 100.00 USD, a desperate struggle for the level should unfold. True, we don’t yet know how long it will last, but we can already guess who will win and push the price down.
IOTA/USD
IOTA yesterday consolidated on medium volumes, resting against support one hundred percent fibonacci level of 1.331 USD and did not want to fall below it. As a result, the pair managed to recover to the heroic level of 1.450 USD. However, the stochastic is trying to generate a signal to reduce the price and, if sales volumes increase, then the support will still not be able to keep the pair above the level of 1.331 USD for a long time. And below this support, the first local minimum is expected in the area of 1.219 USD.
Subscribe to our Tradingview profile and never miss another review! https://ru.tradingview.com/u/FilFox/
You May Also Like
Analysis of Bitcoin Cash, Stellar Lumen, EOS and Litecoin as of November 28, 2018
The recovery of altcoins that began yesterday will continue today. Will it be protracted? We are trying to determine reversal levels.
Analysis of cryptocurrency pairs BTC/USD, XRP/USD and ETH/USD as of December 26, 2018
Market growth is still possible, it all depends on the reaction of the bears at key resistance levels. If sellers give up psychological levels without a fight, the market will remain in the green zone
