Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 27

On August 24, the price again broke out of the downtrend line of the descending triangle, which is a bullish sign.

Any pullback attempt on the upside will face a stiff resistance at the 20-day EMA and above that at the downtrend line.

On the downside, any break of the $0.30 line will result in a drop to the August 14 low of $0.24508.

BCH/USD Bitcoin Cash has been trading in a tight range of $513.60-$544.5476 for the past four days.

We will wait for the price to close above the downtrend line before suggesting any long positions.

EOS/USD The bulls have held EOS above $4.50 for the past 10 days, but have been unable to break out of the 20-day EMA. The zone between the 20-day EMA and $5.65 might offer stiff resistance, above which a rally to the 50-day SMA is probable.

The rest of the position can be added if the price sustains above the downtrend line for a couple of days.

XMR/USD Monero is attempting to rebound from the strong support level of $81. The 20-day EMA, the 50-day SMA and the downtrend line will act as stiff resistance on the upside.

We may suggest a long position once the price sustains above the downtrend line.

IOTA/USD After consolidating in a tight range for about 10 days, IOTA is trying to break out of the 20-day EMA. If successful, it should move up to $0.6872 and thereafter to the 50-day SMA. As the price has sustained above the range and the 20-day EMA for the past few hours, traders can buy the IOTA/USD pair at the current levels with the stop loss at $0.46.