If the price breaks out of the wedge, it can move up to $97.9733 and above it to $120. Therefore, aggressive traders can buy on a close above the wedge and keep a stop loss of $65.Contrary to our assumption, if the price fails to sustain above the wedge, bears will again try to break down below it.
In the short term, both moving averages are flat and the RSI is just below the midpoint, which points to consolidation.
BCH/USDThe second-largest fantasy sports service Fanduel has added support for cryptocurrencies, including Bitcoin Cash for members to top up their accounts.
If the pair plummets below the neckline, it will complete the bearish H&S pattern, which can drag the price to $105.On the other hand, if bulls push the price above $360, it is likely to pick up momentum and rise to $515.35.
Traders can initiate long positions on a breakout and close above $360 with stops below the neckline.
Cantering Clark, a hedge fund manager and co-founder of Blockroots, believes that altcoin rally will start after Bitcoin breaks out to new highs or if its dominance drops below 40%. However, with the launch of Bakkt nearing, the spotlight is likely to remain on Bitcoin for the next few weeks.
The up-sloping moving averages and RSI above 50 show that bulls hold the advantage.
Our bullish view will be invalidated if the price reverses direction from current levels or the downtrend line of the triangle and plummets below $9,080.
A breakdown of this zone will reduce the probability of a new high in 2019.DASH/USDDash has partnered with IQ CashNow, which specializes in cryptocurrency ATMs. This move will add over 1,000 additional merchants who accept Dash and integrate over 250 additional ATMs. The Dash Investment Foundation plans to start investing on behalf of the Dash network.
In the last week of August, the DASH/USD pair dipped below the 78.6% Fibonacci retracement level of the rally, which is a bearish sign.
Top-5 Crypto Performers: XMR, EOS, BCH, BTC, DASH
Published on Sep 8, 2019
by Cointele | Published on Coinage
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