BITCOIN / U.S. DOLLAR
Price Analysis
Bitcoin after keeping us waiting for ten days finally broke above the $10.5K resistance level with solid bull momentum. It's currently trading between the $11K - $10.5K levels. As of around 16:00 UTC, bulls have increased a lot of strength to take the price above $10,500 making a high of $10,773 and closing the price at $10,734 on Monday, 14th September 2020. The bulls are trying to save the asset from going down below the $10K level by buying the low at $10,259, almost seven hours before the daily candle closes today. As the fifty-day MA goes on sloping up and crosses above both the twenty-day exponential MA and the basis (middle line) of Bollinger Bands that are sloping down along with both the bands, bulls need to maintain their increasing momentum to take the asset back above the $11,000 resistance. Traders and investors after accumulating more at lower levels for 10 days, are now super excited with the price rise and eagerly wait for Bitcoin to escalate back higher to witness great profitable levels.
Key points to mark:
Immediate resistance that BTC is facing: $10,740 (20 EMA) + $10,837.7 (basis of BB) + $11,000. If bulls take the price above these levels, it will test $11,284 (50 MA), followed by $11,500 before rising to $12,085.6 (upper BB) + $12,325 resistance levels.
Immediate support that BTC is facing: $10,500. If the price falls below this level, $10,000 will be tested before it goes down to $9589.7 (lower BB) support.
Indicators
MACD has reduced its deceleration a lot. The MACD line has slightly sloped up touching the signal line, both still below 0. RSI has sloped up, much out of the overbought zone, at 48 with bulls in demand.
ETHEREUM / U.S. DOLLAR
Price Analysis
Ethereum is trading between the $380 to $365 levels with the bulls now aiming to push the price above the $380 resistance level. As of around 16:00 UTC, the bulls have increased their strength and successfully made a high above the $380 level at $385 and closed the price exactly at $380.9 on Monday, 14th September 2020, which is a positive signal. The bulls are currently not allowing the asset to slip down below the $365 mark by buying the low from a few points below it at $356, almost seven hours before the daily candle closes today. The fifty-day MA continues to slope up and has crossed above both, the twenty-day exponential MA, and the basis (middle line) of Bollinger Bands. Traders & investors who smartly invested in the Ethereum project are eagerly waiting for it to enter back into the upper half of the Bollinger Bands region. They are excited as bulls increase their strength and make positive close above Ether's 20-day EMA.
Key points to mark:
Immediate resistance that ETH is facing: $386 (basis of BB) + $387.9 (50 MA). If bulls can take the price above these levels, ETH will test $410 before rising to $437 and then $456 (upper BB) resistance levels.
Immediate support that ETH is facing: $365. If bears push ETH below this level, it will test $315.8 (lower BB) + $316.5 before going down to test $288.7 support level.
Indicators
MACD has reduced its deceleration a lot and the MACD line is moving in negative momentum, parallel to the signal line, both below 0. RSI has sloped up at 50 indicating bulls have the upper hand.
RIPPLE / U.S. DOLLAR
Price Analysis
Ripple continues to trade between the $0.255 to $0.241 levels and bulls continue to try their best to push the price above $0.255. As of around 16:00 UTC, bulls have increased some momentum and made a high at $0.249 and also closed the price at $0.248 on Monday, 14th September 2020. Bulls are trying to save the asset from slipping below the lower support of $0.241 by buying the low at $0.239, almost seven hours before the daily candle closes today. Bulls need to increase more magnitude of their momentum to take the asset above the $0.255 mark. Traders and investors after filling their bags with more Ripples now patiently wait for the price to enter into the upper BB zone.
Key points to mark:
Immediate resistance that XRP is facing: $0.254 (20 EMA) + $0.257 (basis of BB). If bulls push XRP above these levels, $0.271 + $0.273 (50 MA) will be tested, followed by $0.285, before testing $0.293 (upper BB) resistance level.
Immediate support that XRP is facing: $0.241 + $0.220 (lower BB). If bears push XRP below this level, it will decline below $0.200 support level.
Indicators
MACD has reduced its deceleration a lot. The MACD line has slightly sloped up, almost touching the signal line, both still moving in negative values below 0. RSI is sloping up at 44.7 out of the overbought region, indicating bulls have the upper hand.
LITECOIN / U.S. DOLLAR
Price Analysis
Litecoin continues to trade between the $51 and $46 levels. The bulls are trying their best to take the price above the $51 mark. As of around 16:00 UTC, bulls could take LTC to a high of $49.8 and closed the price above the $46 level at $49 on Monday, 14th September 2020. Bulls are not allowing the altcoin to sink below the $46 mark by buying the low at $47, almost seven hours before the daily candle closes today. The twenty-day exponential MA and the basis (middle line) of Bollinger Bands including both the bands are significantly sloping down. If bulls increase more 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 more 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. If bulls can take the price above this level, LTC will test $51.9 (20 EMA) + $52.8 (basis of BB) + $56.5 (50 MA), followed by $60.5 and then $64 (upper BB) resistance level.
Immediate support that LTC is facing: $46. If bears push the price below this level, LTC will test $41.9 (lower BB) before it falls to the $39 support level.
Indicators
MACD has reduced its deceleration a lot. The MACD line is moving further into the negative zone below 0, along with the signal line which is currently parallel to both. RSI has sloped up at 43, out of the overbought zone, indicating bulls are trying to take over.
BITCOIN CASH / U.S. DOLLAR
Price Analysis
Bitcoin Cash is trading between the $246 to $217.5 levels and still hasn't been able to cross $235 for ten days now. As of around 16:00 UTC, the bulls tried to take the price above it, but could only make a high of $229 in the lower half of BB and closed the price at $227 on Monday, 14th September 2020. The bulls are currently trying their best to save the cryptocurrency from slipping off below the $217.5 mark by buying it back from a low of $219 level, almost seven hours before the daily candle closes today. Traders and investors, while filling in more at lower levels, are eagerly waiting for the next move by bulls to take Bitcoin Cash upwards. The 20 EMA and the basis of BB including both the lower and upper bands are sloping down significantly, but if bulls increase more strength and momentum, this altcoin can go above the $260 level and into the upper half region of Bollinger Bands to witness profitable levels again.
Key points to mark:
Immediate resistance that BCH is facing: $242 (20 EMA) + $244 (basis of BB). If bulls take BCH above these levels, it will face resistance at $275 (50 MA), followed by $280.5 before rising to $293 (upper BB) + $330 resistance levels.
Immediate support that BCH is facing: $217.5. If bears push BCH below this level, it will test $200 support, followed by $196 (lower BB) below which the price might sink further into lower levels.
Indicators
MACD has reduced its deceleration a lot. The MACD line has sloped up touching the signal line, both still moving in negative momentum below 0. RSI slopes up at 39.6, almost out of the overbought area, indicating that bulls are back in the game.
