We suggest traders avoid catching the falling knife if $5,900 breaks down.
If the bulls break out of the 20-day EMA, a move to the 50-day SMA is likely, with minor resistance at the downtrend line of the descending channel.
XRP/USDRipple bounced sharply from $0.27 on September 18 and broke out of the 20-day EMA. Currently, it is facing resistance at the 50-day SMA.If the bulls break out of the 50-day SMA, the next resistance is at $0.37390.
A break of the September 11 low of $408.0182 will resume the downtrend and the BCH/USD pair can slump to the next support zone of $280-$300.The bulls have to overcome the resistance from the 20-day EMA, the 50-day SMA and the downtrend line of the descending channel to signal a change in trend.
The EOS/USD pair will gain strength if it breaks out of $5.65.Though the 50-day SMA is sloping down, the 20-day EMA is trying to flatten out.
If the XLM/USD pair breaks and sustains below the range it will complete a descending triangle pattern, which is a negative sign.
LTC/USDThe bulls defended the critical support on September 18, but the pullback is facing resistance at the downtrend line and the 20-day EMA. Currently, Litecoin is consolidating in a large range of $49.466-$69.279 - a process, which began August 8.The LTC/USD pair will resume its downtrend if it sustains below $47.246.
We might suggest a long position on a break out of the range because it will indicate a probable double bottom.
The downtrend will resume if the bears force a break down from the range.
XMR/USDThe bulls are trying to defend the support at the moving averages but are finding it difficult to break out of $120. Monero has turned volatile and trendless in the past few days, as both moving averages have flattened out and the RSI is close to the neutral territory.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 19
gepubliceerd op Sep 19, 2018
by Cointele | gepubliceerd op Coinage
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