Analysis of Bitcoin Cash, EOS, Litecoin and IOTA as of 05/03/2018

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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