Top 3 price predictions on Bitcoin, Stellar Lumens and EOS for today: BTC/USD, STR/BTC and EOS/BTC short-term analysis

  • BTC/USD saw sellers show up at $9750 and push the price down to $8660
  • Stellar Lumens is reacting to the upside, gaining around 10% in the European opening

The main Cryptocurrencies saw losses across the board yesterday, with bears looking to continue their run today and Bitcoin price likely developing further down.

Another storyline is Stellar Lumens rising about 10%, the first Altcoin reacting to the upside after the recent dip and enjoying a rising momentum.

We are also focusing today on EOS/BTC. EOS has been one of the main movers this month, trading from March lows at 0.000529BTC to the current 0.001678BTC. This cross is not showing any kind of exhaustion, although the current bullish slope doesn't seem sustainable in the mid-term.

BTC/USD 4H chart

Bitcoin fell down more than 7% yesterday, reaching an intraday low at $8707. BTC/USD is continuing today its retracement, with an intraday support at $8658. The first meaningful support, though, is located at $8400, followed by $8137 and $7851.

On the upside, important resistance at $8940, a necessary step if BTC/USD wants to attack again relative highs at $9150 or even up to $9642.

MACD in the Bitcoin 4-hour chart keeps a clearly bearish profile, although still on the positive side of the indicator. Midpoint will probably be reached in the next hours, which could favor some bullish bounces.

Directional Movement Index in the 4-hour chart is showing sellers and buyers at similar activity levels despite the recent slide, a positive scenario in the short-term. ADX is relaxing but still at high levels.

STR/BTC 4H chart

Stellar Lumens is one of the features of today, enjoying rises over 10% on the day and reaching 0.000044BTC. This is a difficult level to breach in the first attempt, where the price already failed last 19th and 20th April.

Below the current price, the first support is located at 0.000040BTC, followed by 0.000038BTC and 0.000036BTC. On the upside, first target at 0.000047BTC, followed by 0.000058BTC and last resistance before a flying-free scenario at 0.000062BTC.

MACD in the STR/BTC 4-hour chart has just crossed to the upside and is showing a very positive profile. Just the proximity to the mid-level of the indicator brings a certain limitation to the bulls.

Directional Movement Index in the same chart shows buyers taking back control although failing to cross the ADX to the upside, which would bring much confidence to the bulls.

EOS/BTC 4H chart

EOS against Bitcoin is reaching today 0.001653BTC, keeping with the recent bullish runs that this Altcoin has enjoyed during the last weeks.

In the 4-hour chart, some exhaustion is showing up during the last days, with a bullish congestion that might indicate some retracements are coming up in the next days. Below there, supports are located at 0.001567BTC, 0.001459BTC and 0.0013BTC.

On the upside, there are no resistances of any type besides the all-time high from last April 24th located at 0.0017BTC.

MACD in the EOS/BTC 4-hour chart is showing some exhaustion in the indicator, although with a high chance of bullish terminal moves. The structure is not diverging in the last bullish leg, which is a positive sign.

Directional Movement in the same chart shows a very interesting point: buyers have decreased in the last steps of the bullish ride, but sellers are not showing up. Vertigo after the huge rise might have generated some profit-taking. Trend is at high levels, with no apparent change in the short-term.

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