Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 19

Published on by Cointele | Published on

We suggest traders avoid catching the falling knife if $5,900 breaks down.

If the bulls break out of the 20-day EMA, a move to the 50-day SMA is likely, with minor resistance at the downtrend line of the descending channel.

XRP/USDRipple bounced sharply from $0.27 on September 18 and broke out of the 20-day EMA. Currently, it is facing resistance at the 50-day SMA.If the bulls break out of the 50-day SMA, the next resistance is at $0.37390.

A break of the September 11 low of $408.0182 will resume the downtrend and the BCH/USD pair can slump to the next support zone of $280-$300.The bulls have to overcome the resistance from the 20-day EMA, the 50-day SMA and the downtrend line of the descending channel to signal a change in trend.

The EOS/USD pair will gain strength if it breaks out of $5.65.Though the 50-day SMA is sloping down, the 20-day EMA is trying to flatten out.

If the XLM/USD pair breaks and sustains below the range it will complete a descending triangle pattern, which is a negative sign.

LTC/USDThe bulls defended the critical support on September 18, but the pullback is facing resistance at the downtrend line and the 20-day EMA. Currently, Litecoin is consolidating in a large range of $49.466-$69.279 - a process, which began August 8.The LTC/USD pair will resume its downtrend if it sustains below $47.246.

We might suggest a long position on a break out of the range because it will indicate a probable double bottom.

The downtrend will resume if the bears force a break down from the range.

XMR/USDThe bulls are trying to defend the support at the moving averages but are finding it difficult to break out of $120. Monero has turned volatile and trendless in the past few days, as both moving averages have flattened out and the RSI is close to the neutral territory.

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