The 50-day SMA has been flat for the past few days, which increases the probability of a consolidation in the near term, whereas the falling 20-day EMA shows that the bulls will make another attempt to break the support zone.
The RSI continues to decline deep into the oversold territory without a trace of buying support.
XRP/USD Ripple has continued its journey southwards to the major support of $0.24001.
BCH/USD As expected, Bitcoin Cash fell close to the critical support of $537.8221 on August 11.
Any pullback attempt will meet with a stiff resistance at the 20-day EMA. We anticipate a strong support in the zone of $3.8723 - $4.3396.
XLM/USD Stellar has bounced off the critical support at $0.184.
LTC/USD Litecoin plummeted to an intraday low of $55 on August 11, just below our target of $57. The next level to watch on the downside is the support zone of $48 - $52. The RSI has entered the oversold territory; hence, a relief rally can't be ruled out.
ADA/USD Cardano has been hanging on to the critical support with the skin of its teeth.
On the upside, the 20-day EMA will act as a stiff resistance, above which the upward move can extend to the downtrend line, closer to $130. On the downside, if the $87.023 level breaks, the fall can extend to the $78 - $82 support zone.
We expect the bulls to defend the psychological support threshold of $0.5.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 13
Published on Aug 13, 2018
by Cointele | Published on Coinage
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