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Market data is provided by the HitBTC exchange.
The total capitalization of the crypto market has grown by about $ 30 billion in 15 days. This shows that the market is rebounding from its lows. The failure of bears to break under the $ 5,900 sign in Bitcoin in recent days has encouraged some purchases from the bulls.
Various investment companies are launching new products in an attempt to attract institutional actors. This confirms the demand from the largest market participants. However, it is too early to announce the beginning of a new trend.
Last time, the bulls were too eager to call a fund and proclaim the end of this bear phase, but the cryptocurrencies quickly abandoned all their earnings and dived to new lows.
During the decline, Bitcoin managed to stay above its critical lows, but most of the top levels broke below support levels and made new lows since the beginning of the year. Therefore, we want to wait and wait for the next few days before proclaiming the start of a new uptrend.
BTC / USD
Bitcoin broke out of the 50-day SMA of August 28, which is a positive sign. However, the question now is: can the bulls sustain above the 50-day SMA? If bears sink the price and keep it below $ 6,955.79, the current breakout can be considered a bull trap. Critical downside support is the 20-day EMA.
The next two days are critical as they will give us a better idea of whether the fund is fine or this is just a rebound of a dead cat.
If the BTC / USD pair stays above the 50-day SMA, the next target is a $ 8.566 rally. However, it is unlikely to be a direct dash.
The withdrawal will see resistance at $ 7,198.3, which is the 50% retracement of Fibonacci's decline from $ 8,496.53 to $ 5,900.06. Above this, the next resistance is $ 7,504.68, which is the 61.8 percent retracement.
Traders can maintain their long positions with the suggested stop loss. We will book partial profits and follow the highest stops if the pair goes up. We should get more clarity within the next two days.
ETH / USD
Ethereum does not participate in the current withdrawal. It has not even risen above the 20-day EMA, which shows that buyers are not eager to jump on it.
The 20-day EMA is flattening but the 50-day SMA is still down. The trend will remain downward until the ETH / USD pair continues to be traded below the downtrend line and the 50-day SMA.
We will have to wait for the cryptocurrency to form a reliable purchase configuration before suggesting any negotiations on it.
XRP / USD
Ripple has interrupted the 20-day EMA, but is facing resistance in the downtrend line 2. The 20-day EMA has become flat but the SMA of 50 days is still downhill.
Above the downtrend line 2, the XRP / USD pair is likely to face a 50-day rigid resistance to SMA. If the bulls leave the 50-day SMA, withdrawal may extend to $ 0.5. Short-term traders may remain on the long side, but positional traders should wait for the trend to change before starting any long position.
If bears can defend 50-month SMA, virtual currency can stay locked within the range of $ 0.3- $ 0.4 for a few more days.
BCH / USD
Bitcoin Cash has returned to the 20-day EMA, but the recovery lacks momentum. The purchase was weak and is likely to withstand the $ 600 threshold. Both moving averages are still sloping, which shows that the sellers are still in charge.
The BCH / USD pair will gain momentum if it climbs above the downtrend line and the 50-day SMA. If the bulls survive above the 50-day SMA, the rally can extend up to $ 900.
On the other hand, if the bears can not exceed $ 600, the cryptocurrency can remain between $ 500 and $ 600.
EOS / USD
EOS broke the 20-day EMA and environmental resistance at $ 5.65 on August 28th. It has extended its pullback and is close to the 50-day SMA, which could represent a stiff resistance. 
The EOS / USD has not broken out of the 50-day SMA since 10 June. Therefore, if the bulls can sustain above this level, it will indicate a probable change in trend.
traders can start a long position on a close (UTC time frame) over the 50-day SMA with a $ 4 stop loss. The upside targets are $ 9 and $ 11.5.
Our bullish view will be invalidated if the virtual currency falls from the SMA to 50 days.
XLM / USD
We have been bullish on Stellar for the past few days because it has kept its lows since the beginning of the year in the recent downswing. Since it is not decomposed by $ 0.184, it still remains within the broad range of $ 0.184- $ 0.47766719.
The 20-day EMA and the 50-day SMA have both become flat while the digital currency has been locked within a narrow range of $ 0.184- $ 0 , 24987525 from 5 August.
The trend will change when the XLM / USD pair moves out of the range. Although the move may face downward resistance, we have suggested a purchase because a breakout after long consolidation should be strong enough to bring the pair to $ 0.35.
If the bulls can not resize the resistance overload, the action related to the interval may continue for a few more days.
LTC / USD
Litecoin has interrupted the 20-day EMA but is finding it difficult to stay above the interval. The main objective of a breakout of the range is $ 75.32, but we anticipate the 50-day SMA and the downtrend line to act as a strong upward resistance.
Currently, the 20-day EMA has become flat, but the 50-day SMA is still downhill. As the LTC / USD pair is in a strong downtrend, we believe traders should wait until they change their tendency before making purchases.
If bears push prices back below 20-day EMA, virtual currency will continue to trade in the range.
ADA / USD
Cardano has interrupted the 20-day EMA but is facing resistance to the downtrend line. A break of $ 0.111843 has a target of $ 0.14044, but if the bulls fail to exit resistance, the digital currency will extend its stay within the trading range of $ 0.083192- $ 0.111843.
 While the 50-day SMA is still in decline, the 20-day EMA has flattened, which confirms that the short-term sales pressure has dropped.
The tendency of the ADA / USD pair will change if it breaks out and sustains above the 50-day SMA. We will wait for a new configuration of the purchases to be formulated before proposing any operation on it.
IOTA / USD
IOTA has retreated abruptly in the last two days and has reached the 50-day SMA. The area between 50-day SMA and $ 0.9150 could act as a strong environmental resistance. Therefore, we suggest traders to record partial profits on long positions recommended in the analysis prior to $ 0.82.
We do not want to record profits on the full position because if the bulls are able to erupt the strong air resistance, a rise to $ 1.24 is likely.
If the IOTA / USD pair falls from current levels, the zone between $ 0.5750 and 20-day EMA could be a strong support.
XMR / USD
Monero came out of the 20-day EMA on 27 August, but is currently facing a resistance from the horizontal line to $ 109.22. Even if the bulls climb this level, the 50-day SMA and the long-term downtrend line will invite you to sell.
The first sign of a change in trend will be when the bulls will rise above the downtrend line because the XMR / USD pair has been rejected by this resistance on three occasions.
We suggest traders to buy a small position at the close above the long-term downtrend line. We do not recommend using more than 30% of the usual endowment because the pair could spend some time in a range, forming a fund before embarking on an uptrend.
The initial stop loss can be kept at $ 90, which is just below the 20 day EMA. The first upside target is a $ 150 rally.
Our bullish vision will be canceled if bears push prices below the 20-day EMA. In that case, consolidation should continue for a few more days.
Market data is provided by the HitBTC exchange. Analysis charts are provided by TradingView.