It has dipped below its pattern target of $192 and made a new 52-week low at $185.12 on September 9.The next support to watch on the downside is $176. Though the trend is down, the RSI is deep in the oversold territory, which points to a probable pullback within the next few days.
The trend remains firmly down with both moving averages sloping down and the RSI in the negative territory.
BCH/USDBitcoin Cash broke below the August 14 low of $473.9060 on September 7, resuming its downtrend.
A break above $5.15 can carry the EOS/USD pair to the 20-day EMA, which is just below $5.65.If the bears force a break below $4.4930, a retest of the critical support zone of $4.1778-$3.8723 is probable.
The traders should note that during all of the three previous occasions on which the XLM/USD pair had dipped below $0.184, the bears could not sustain the lower levels.
The breakdown will be considered valid only if the bears succeed in getting three consecutive closes below $0.184.We are not suggesting a buy at the current levels because the moving averages have turned down after remaining flat for the past few days, and the RSI is also in the negative territory.
LTC/USDLitecoin has been holding on to the $52 mark for the past two days, below which a fall to $49.466 is probable.
ADA/USDCardano has broken below the critical support of $0.083192, which increases the probability of a fall to the pattern target of $0.054541.
XMR/USDMonero found support at the downtrend line on September 9 but the bulls are facing a stiff resistance at the moving averages, located close to $111.If the XMR/USD pair turns down from the overhead resistance and breaks below $100, it can retest the $81 line.
IOTA/USDIOTA is trying to bounce off the $0.5 level, but is facing a stiff resistance at the 20-day EMA. If the cryptocurrency turns down from the current level, it can slide to $0.45 and below that to the August 14 low of $0.4037.Both moving averages are sloping down, which shows that the sellers still have the upper hand.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 10
gepubliceerd op Sep 10, 2018
by Cointele | gepubliceerd op Coinage
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