BITCOIN / U.S. DOLLAR
Price Analysis
After falling out of the Bollinger Bands region and below the $10500 support level, Bitcoin is now being pushed up by the bulls. Bulls are trying to take the price back into the Bollinger Bands zone, and if they do not increase some strength and momentum, BTC might slip below the $10000 crucial support. As of around 22:00 UTC, Bitcoin made a high few points above its lower Bollinger Band at $10644 and closed the price above the $10500 mark at $10,560 on Friday, 4th September 2020. The bulls are trying to save the asset from going down below the $10000 level by buying the low at $9965.7, almost two hours before the daily candle closes today. As the fifty-day MA goes on sloping up, bulls need to increase the magnitude of its momentum to push the asset back above the $11,000 resistance. Traders and investors are eagerly waiting for BTC's price to increase to make profits.
Key points to mark:
Immediate resistance that BTC is facing = $10,629.5 (lower BB). If bulls take the price above this level, it will test $11,000 (50 MA), followed by $11,558 (basis of BB) before rising to $12,325 and then $12,487.5 (upper BB) resistance levels.
Immediate support that BTC is facing = $10,500. If the price falls below this level, it will test $10,000 before going below the $9800 support level.
Indicators
MACD has decreased a lot. The MACD line moves in negative momentum below the 0 level, and the signal line also almost near it. RSI in the overbought zone has sloped up at "39 level" with price corrections.
ETHEREUM / U.S. DOLLAR
Price Analysis
Ethereum is trading between the $380 and $410 levels back again. The Bears tried to push the price out of the Bollinger Bands area, but the Bulls did not let this happen and bought back ether above the $380 mark. As of around 22:00 UTC, ETH made a high just a few points below its twenty-day exponential moving average (EMA) at $400.8 and closed the price at $391.6 on Friday, 4th September 2020. The bulls are currently not allowing the asset to slip down below the $380 level and out of the Bollinger Bands by buying the low just a few points below the lower BB at $355.5, around two hours before the daily candle closes today. The fifty-day MA still continues to slope up significantly with traders & investors who smartly invested in the Ethereum project taking advantage of some price corrections.
Key points to mark:
Immediate resistance that ETH is facing = $406 (20 EMA) and then $410. If the bulls can take the price above these levels, ETH will test $437 before rising to $459 (upper BB) resistance level.
Immediate support that ETH is facing = $380. If the bears push ETH below this level, it will test $368.5 (50 MA) and then $361 (lower BB) before going down to test the $316.5 support level.
Indicators
MACD has increased its deceleration and the MACD line seems to move away from the signal line below it, both above the 0 level. RSI has slightly sloped up at 47.8 indicating bulls still have the upper hand.
RIPPLE / U.S. DOLLAR
Price Analysis
Ripple, after breaking below the $0.255 support level and out of the Bollinger Bands, has recovered a little by closing above the lower Bollinger Band. The bulls are trying to take the price above the $0.255 level. If they are successful, we can expect Ripple to consolidate in the lower half of BB region for some time, otherwise, the bears might push it out of the Bollinger Bands again. Ripple made a high at its fifty-day MA at $0.265 and closed the price just below the $0.255 mark at $0.254 on Friday, 4th September 2020. The bulls are trying to save XRP from slipping out of the Bollinger Bands by buying the low at $0.240 today. The bulls need to increase the magnitude of their momentum. Traders and investors after filling their bags with more Ripple, now patiently wait for the price to enter into the upper BB zone.
Key points to mark:
Immediate resistance that XRP is facing = $0.255 and $0.266 (50 MA). If the bulls push XRP above these levels, $0.271, $0.276 (20 EMA), and $0.282 (basis of BB) will be tested, followed by $0.309 before testing $0.314 (upper BB) resistance level.
Immediate support that XRP is facing = $0.250 (lower BB). If bears push XRP below this level, it will decline to $0.241 support level.
Indicators
MACD has increased its deceleration. The MACD line is moving towards negative values below the "0 level" and the signal line is almost near it. RSI is sloping up at 42, indicating that the bulls are still very much in the game.
LITECOIN / U.S. DOLLAR
Price Analysis
Litecoin after falling below the $51 support level out of the Bollinger Bands region, is currently trading around the lower Bollinger Band. The bulls are trying to take the price above the lower BB. As of around 22:00 UTC, Litecoin made a high of $52 and closed the price at the lower Bollinger Band at $51 on Friday, 4th September 2020. The bulls are currently stopping LTC from sinking below the $46 mark by buying the low precisely at $46, almost two hours before the daily candle closes. If the bulls increase in strength and momentum to push Litecoin above the $51 level and maintain their strength, we can expect it to consolidate in the lower Bollinger Band zone for some time. Traders and investors after taking advantage of the lower dips, now wait for this price correction to take an uptrend soon.
Key points to mark:
Immediate resistance that LTC is facing = $51 (lower BB). If the bulls can take the price above this level, LTC will test $55.7 (50 MA), $57.6 (20 EMA), $59.7 (basis of BB), and then $64 before moving up to $68.8 (upper BB) resistance level.
Immediate support that LTC is facing = $46. If the bears push the price below this level, LTC will sink to the $39 support level.
Indicators
MACD has decreased a lot. The MACD line moves further into the negative zone below the "0 level". RSI has sloped upwards at 40.9 level indicating the bulls are still holding up.
BITCOIN CASH / U.S. DOLLAR
Price Analysis
After Bitcoin Cash fell out of the Bollinger Bands and tested the $217.5 support level, it recovered slightly as the bulls try to push it above the lower Bollinger Band. As of around 22:00 UTC, Bitcoin Cash made a high of $240 in the lower half of BB and closed the price at the lower Bollinger Band at $233.7 on Friday, 4th September 2020. The bulls are currently trying their best to save BCH from slipping off below the $217.5 mark by buying it back from a low of $212, almost two hours before the daily candle closes. While buying more XRP at lower levels, traders and investors carefully watch out for the next move. The bears might try to push the price further into the lower levels again. The bulls need more strength to take the price above the $260 support and into the upper half region of Bollinger Bands to witness profitable levels again.
Key points to mark:
Immediate resistance that BCH is facing = $233.6 (lower BB) and $246. If the bulls take BCH above these levels, it will face resistance at $260, followed by $271 (20 EMA), $278.8 (basis of BB), and then $280.5 before testing $324 (upper BB) and $330 resistance levels.
Immediate support that BCH is facing = $217.5. If the bears push BCH below this level, it will test $200 support level below, and then the price might sink down further into a lower level.
Indicators
MACD has seen a significant decrease. The MACD line is further sloping into negative below the "0 level". The signal line is also moving in a negative trend below the "0 level". RSI has sloped upwards at "36.8 level" in the overbought area indicating that bears are trying to take over.
