We will turn positive when the price scales the 50-day SMA.If the price breaks down of the symmetrical triangle, a retest of August 14 lows could be possible.
The 20-day EMA has turned flat while the 50-day SMA is trending down, which shows that selling has subsided.
The XRP/USD pair will show signs of a change in trend if the bulls break out and sustain above the 50-day SMA, which is just above the upper end of the range.
Traders can buy the breakout and close above the 50-day SMA and keep the SL at $0.309.
BCH/USDAfter being stuck in a tight range from August 15 to August 31, Bitcoin Cash rallied sharply on September 1 and 2 and broke out of the downtrend.
The BCH/USD pair is currently facing resistance at the 50-day SMA. If the bulls break out of the 50-day SMA, a rally to $880 is probable.
The 50-day SMA has turned flat while the 20-day EMA is gradually turning up.
EOS/USDEOS triggered our buy recommendation when it closed above the 50-day SMA on September 1.
EOS has been consolidating close to the 50-day SMA for the past three days.
We maintain our buy call initiated on August 27.LTC/USDLitecoin is showing signs of a turnaround, and is currently trying to break out of the downtrend line and the 50-day SMA. If successful, it can quickly move up to $74. The 20-day EMA has turned up while the 50-day SMA is flattening out.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 4
gepubliceerd op Sep 4, 2018
by Cointele | gepubliceerd op Coinage
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