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The market data are taken from HitBTC exchange.
The total trade volume of the crypto-market is decreased. This shows that the current owner does not want to sell at the current rates. At the same time, potential investors, the wait still believe that the time has not come for the entry into the market.
This state of equilibrium is not likely to continue for long. Soon one or the other to do something about it.
If the crypto-currencies fall below their critical support levels, could be cracks the investors to Panic selling. When prices rise, on the other hand, those who are still waiting to buy, probably Krypto or the rally to miss. This will attract more investors, and the upward movement to continue forward.
The upcoming events in October and November can provide these much-needed boost. An event, on the particular waiting is the decision of the U.S. securities and exchange Commission (SEC) about the fate of nine-Bitcoin exchange trading funds (ETFs). This decision is still in front of the 5. November fall.
Although the courses are short in front of their year lows, institutional investors in crypto-currencies supported-focused Fund. Industry experts believe that soon there will be a floor for Bitcoin and other Altcoins. What the Charts predict? Let us find out.
BTC/USD
There were hardly any movements in the case of Bitcoin, because it is still traded within a narrow range at a low volume. This weak activity is probably too long. It should soon come to a rise on the margin, or to a case and a new movement to usher.
Currently, the BTC/USD Pair in the range between 6.831,99 US-Dollar (5.973 Euro) and 6.341 US Dollar (5.543 EUR). The rate has been at each of these levels twice.
A rise of about 6.382 US Dollar (5.579 Euro) prevents the descending triangle pattern, which is a positive Signal. The next level below, one should keep in mind is 7.400 US Dollar (6.469 euros).
below would encourage a case under 6.341 US Dollar (5.543 euros) to sales and the important support level of between about 5,900 US dollars (5.158 Euro) and 6.075,04 US Dollar (5.311,22 euros) could be tested again. In a case under 5.900 US dollars (5.158 Euro), we expect that some Stop-Loss Limits are triggered. This will pull the rates on 5.450 US Dollar (4.764 euros) 5,000 US dollars (4.371 Euro). Thus, traders should be your Stop Loss Limits in their Long positions at 5,900 dollars (5.158 Euro) left.
ETH/USD
It looks like Ethereum is not much different. He is still in a narrow range between US $ 200 (174 Euro) and $ 250 (218 Euro).
The 20-day EMA is flat and the 50-day SMA flattens out slowly. Currently, the RSI is close to the center. Therefore, the indicators give no indication of which direction the price will move.
A rise of about $ 250 (218 Euro) would probably signal a 1-2-3-bottom and, thus, aggressive buyers to attract. The first target price is located above at 300 US dollars (EUR 262). In addition, the bulls will try again to come across the level of 322,57 US Dollar (282,01 Euro).
below would be a case of under US $ 200 (€174), the ETH/USD Pair to the lows of 12. September, the was 167,32 US Dollar (146,28 Euro). Including the sales should increase. Traders should still wait for a purchase-constellation, before opening Long positions.
XRP/USD
In the case of Ripple to be posted soon wins, as he has not managed its upward trend after a short consolidation, continue. The course, it is difficult to hold above the 20-day EMA, which is a negative Signal. We expected that the crypto-currency from the moving average upward jumps.
Both moving averages are flattened and the RSI is now close to the middle. Signaling a trade within a range. The crypto-currency could be trying to hold the Fibonacci Retracement levels of 0,45832 US Dollar (0,3989 Euro). Among these, the crypto-currency is negative. Therefore, a Trader can through your Stop Loss Limits in their Long positions at $ 0.42 (0.37 euros) left.
A jump back to the top of 0,55 US-Dollar (EUR 0.48), and in the case of 0,625 US Dollar (0,544 Euro) on a resistor. The XRP/USD Pair will continue its upward trend only if it can hold above 0,625 US Dollar (0,544 Euro).
BCH/USD
Bitcoin Cash in the last five days in support of moving averages. Currently, he is trying to jump from there back to the top.
The BCH/USD Pair indicates a probable trend change, when it comes to over 600 US-Dollar (524 euros). The first level after a rise, you should keep in mind, is located at 660 US $ (577 Euro). After that, there could be a rally towards $ 880 (769 Euro).
In the case of a decrease below the plain there might be, however, a re-Test for the low averages. Traders can keep the Stop-Loss Limit of 400 US-Dollar (349 Euro). Including the virtual currency would continue its downward trend only to continue.
EOS/USD
EOS is above the moving averages, but has not managed to come across the symmetrical triangle. A breakout and close above the triangle would signal the beginning of a new upward trend.
below could bring a case under the triangle, the EOS/USD Pair to the key support at 4,493, US Dollar (3,911 euros). A small support it would be 5 US dollars (4,37€). Therefore, traders can Loss their Long positions with Stop-Limits at 4.90 US Dollar (€4.28).
If the virtual currency does not break out within the next five days, would be the symmetrische triangle is invalid.
XLM/USD
Stellar in the last five days in a tight range between the 20-day EMA and 0,24987525 US Dollar (0,2175 Euro).
If the cops make it to 0,24987525 US Dollar (0,2175 Euro), the XLM/USD Pair sales of the downward trend line of the descending triangle. The digital currency is positive, if the price can hold above the downtrend line.
If the bears make it, on the other hand, under the 20-day EMA, may slip the crypto-currency on the 50-day SMA, and below, on 0,21489857 US Dollar (0,1870 Euro). Traders can keep the Stop-Loss Limit for your Long positions at 0.21 US-Dollar (EUR 0.18). Below this level, the case could extend up to 0,184 US Dollar (0,160 euros).
LTC/USD
Litecoin is for the 8. August continues to be within the margin between 49,466 US Dollar (43,049 Euro) 69,279 US Dollar (60,292 Euro). A breakout above or below this two-month span, will likely undergo a significant movement.
A breakout and close above the overhead resistance of $ 70 (61 Euro) is likely to bring an upward trend to the roles that can catapult the LTC/USD Pair to the next level of 94 US dollars (82 euros).
If the bears create a decline to below 49 US dollars (42 euros), continuing the downward trend and may lead to lower levels. A Trader should wait for the breakout and close above the range before you buy.
ADA/USD
Cardano has risen above the 20-day EMA and tries from 50-day to break out of the SMA. If the bulls manage a breakout above 0,094256 US Dollar (0,0820 Euro), could come to the Couple quickly up to the overhead resistance of 0,111843 US Dollar (0,0973 Euro).
If the cops don’t make it out of the overhead resistance to break, could the ADA/USD Pair is still a couple of days in a range. The flat moving averages, and the RSI is above 50, showing a balance between buyers and sellers.
This equilibrium will shift when rising above 0,094256 US Dollar (0,0820 Euro) to the benefit of the bulls and a case under 0,073531 US Dollar (0,0640 Euro) to the benefit of the bears. Traders should wait for a breakout and closing (UTC) on the overhead resistance, before you try a trade.
XMR/USD
Monero remains in a narrow range near at 115 US dollars (100 Euro). Further to the above, he has not managed it the last three times to hold above 120 US-Dollar (EUR 104). If the bulls manage a close above US $ 120 (104 euros), an increase on 128,65 US Dollar (112,47€) and then to 142 US dollars (124 euros).
below the level of 107,80 US Dollar (94,25 Euro) is a very important. Including the bears would get the upper hand. The lower levels offer a support are located at 103 US dollars (90 Euro), and including at 96 US dollars (83 euros).
The flattened moving averages and the RSI is neutral, in the short term on a probable consolidation. Traders can protect their Long positions in the XMR/USD Pair with a Stop-Loss Limit at $ 100 (87 Euro). Aggressive traders can raise your Stops to just below the first support at 106 US dollars (92 euros).
TRX/USD
TRON has done it in our analysis, since he is now on place 10 of the most valuable crypto-currencies by market capitalization.
The TRX/USD Pair was in the last two months, in a range between 0,0183 US Dollar (0,0159 Euro) and 0,02815521 US Dollar (0,0245 EUR). Currently, the bulls trying to get out to the range to break and to start an upward trend. The objective of this upward trend in the short term, in the case of 0,038 US Dollar (0,033 Euro).
The slowly rising 20-day EMA and the RSI is in the positive area, show that the buyer is returning so slowly. But it’s still better to have a conclusion (UTC) on 0,02815521 US Dollar (0,0245 EUR) to wait before opening a Long Position.
The market data are taken from HitBTC exchange. The Charts for the analysis come from trading view.
