Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 7

Published on by Cointele | Published on

The key level to watch on the downside is the support zone of $5,900-$6,075.

A break of the $0.24508-$0.27 support zone will resume the downtrend and push prices to the next support level at $0.24001.

BCH/USDThe bulls defended the critical support of $473.9060 on September 6 but are facing selling at the $529 mark.

If support breaks, Bitcoin Cash could plunge to $400.If the support holds, the BCH/USD pair will again attempt to break out of the moving averages.

EOS/USDEOS broke below the $5.65 support and the trendline on September 5.

If the bulls fail to defend the support zone of $4.50-$4.80, the EOS/USD pair can retest the August 14 low of $4.1778.Any pullback from the current level will gain strength only if bulls sustain above $5.65.

LTC/USDThe recovery attempt in Litecoin met with strong resistance at the downtrend line and the 50-day SMA. On the downside, the 20-day EMA and $62.319 failed to provide any support.

XMR/USDBulls have been attempting to support Monero at the moving averages for the past two days but have not been able to push prices higher.

If the trendline support breaks, the XMR/USD pair could retest the $81 level.

As the first support level has held, we recommend traders hold their long positions with the stop loss at $90. Market data is provided by the HitBTC exchange.

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