Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, Dash: Price Analysis, September 28

Published on by Cointele | Published on

The downtrend will resume if the bears break below the September 12 low of $167.32.XRP/USDRipple has been trading between $0.45 and $0.58 for the past few days.

The target objective is a retest of the September 21 high of $0.7644.If the bears break below $0.42, the XRP/USD pair can slump to $0.35 and below that to $0.26913, completing a 100 percent retracement of the recent rally.

BCH/USDIn the past two days, Bitcoin Cash has rallied sharply, breaking out of both moving averages and the resistance line of the descending channel.

A break down of the 20-day EMA will indicate weakness and can result in a retest of the recent lows at $408.0182.The downtrend will resume if the BCH/USD pair breaks down of $408.0182.

Our bullish view will be invalidated if the EOS/USD pair breaks down of $5. Therefore, traders can raise the stops on their long positions to $4.9.XLM/USDStellar is stuck between the downtrend line of the descending triangle and the 20-day EMA. A break out of the overhead resistance zone of $0.275-$0.305 will invalidate the bearish pattern, which is a positive sign.

ADA/USDThe recovery in Cardano has again hit a roadblock at the 50-day SMA. The bears will now try to break down of the 20-day EMA and push the price to the lower support at $0.071355.

The ADA/USD pair will attract buyers if the price breaks out of the 50-day SMA and the highs of September 23.We didn't find a reliable buy setup at the current levels.

The bears will now attempt to break below the 20-day EMA and push the price towards the 50-day SMA.If the XMR/USD pair breaks down of the symmetrical triangle, it can slide to $96.390 and $87.382.

The first bullish sign will be a break out of the downtrend line, which can result in a rally to $140.DASH/USDDash has been holding the 50-day SMA for the past three days but is struggling to sustain above the 20-day EMA. It has formed a symmetrical triangle, a break out of which can push the price above the overhead resistance of $224.830.On the other hand, if the DASH/USD pair breaks down of the triangle, it can decline to $160, followed by a retest of the lows.

The next move will start when the price breaks out or breaks down of the triangle.

x