BTC/USDBitcoin has broken out of both moving averages.
If the BTC/USD pair struggles to break out of the downtrend line of the triangle, the traders can trail the stops higher.
The 20-day EMA has flattened out and the RSI is also trying to move up into the positive territory, which shows that the selling pressure has abated.
If the bulls can break out of the downtrend line of the descending channel and the 50-day SMA, a change in trend is likely.
The levels to watch out for on the upside are $660, and above that $880.If the bulls fail to break out of the channel, the BCH/USD pair might remain stuck between $400 and the resistance line of the channel.
XLM/USDStellar rallied sharply for the past two days and has broken out of the range for the first time since September 11.
During the previous two occasions, the XLM/USD pair had risen vertically after breaking out of the 50-day SMA. Currently, both moving averages are on the verge of a bullish crossover and the RSI is also in the positive territory.
If the pair struggles to break out of the downtrend line once again, traders can tighten their stops.
XMR/USDThe bulls successfully defended the 50-day SMA on Monero from September 17-19 and have broken out of the downtrend line.
The 20-day EMA has flattened out and the RSI is moving closer to the neutral territory, which shows that the near-term selling pressure has reduced.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 21
Published on Sep 21, 2018
by Cointele | Published on Coinage
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