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Market data are provided by the exchange HitBTC .
Along with traditional safe havens such as gold, the US dollar and the Japanese yen, cryptocurrencies have also made their presence felt in Turkey and Venezuela, which are recovering from economic crises.
The increase in trading volume during times of crisis in these nations shows that the next major crisis hits the world, the demand for cryptocurrencies will soar, pushing prices higher.
China and the United States are on the verge of a commercial war, which is detrimental to the global economy. If not checked, he can balloon in a full-blown crisis. Therefore, we believe that this will put a plan below digital currencies.
With most governments and regulators watching cryptocurrency markets, we do not expect a vertical rally. Prices should gradually increase, which is good for the long-term growth of virtual currencies.
BTC / USD
Bitcoin continued its journey north, closing on the Fibonacci retracement level of 61.8% which could act as resistance.
Both moving averages are increasing, which shows that the bulls are in charge. A bullish crossover will provide further strength to the current rally. The virtual currency will lose momentum if it breaks below the trend line.
The 20-day EMA will act as a strong support for any decline The BTC / USD pair may go up to $ 8,000 and above the top of the range at $ 8,566.40.
Traders can hold their long positions but increase break-even point, the virtual currency will become negative if it falls below $ 6,955.79 level.
ETH / USD
Ethereum has negotiated the nside symmetrical triangle from August 11. It will initiate the next move after bursting or decomposing from the triangle.
On the upside, the ETH / USD pair will have to face selling to the bearish trend line and then to the $ 358 level. Even if the 20-day EMA has become flat, the 50-day SMA is still falling.
The virtual currency has not been convincingly knocked down by the 50-day SMA since May 24 and, as such, will act as rigid resistance. We will become positive when the price will reduce the SMA to 50 days.
If the price breaks of the symmetrical triangle, it may be possible to repeat the lows of August 14th.
XRP / USD
Ripple is consolidating between $ 0.31- $ 0.37390 since August 18th. The 20-day EMA has shot flat while the 50-day SMA has been falling, which shows that the sale has declined.
The XRP / USD pair will show signs of a trend change if the bulls break out and remain above the 50-day SMA, which is just above the upper limit of 39; interval. The upward target is a $ 0.50 downtrend line rally.
Traders can buy the breakout and close (in UTC time) on the 50-day SMA and keep the SL at $ 0.309. we're just trying to catch the pullback, so we recommend keeping the position size at 50% of normal. If bears break below the range, repeating the minimum test is likely.
BCH / USD
After being stuck in a narrow range from August 15 to August 31, Bitcoin cash intensified rapidly on September 1 and 2 and broke out from the downtrend
The BCH / USD is currently facing resistance in the 50 SMA days If bulls leave the 50-day SMA, a $ 880 rally is likely. The 50-day SMA has become flat as the 20-day EMA is gradually turning in. RSI has also entered territory positive, which increases the likelihood of an upward move.
Therefore, traders can start a long position above $ 670 with a stop loss of $ 470. On the downside, the 20-day EMA is probably a valid support
EOS / USD
EOS activated our recommendation of purchase when it was closed (UTC time frame) over the 50-day SMA on September 1. However, it did not take momentum as we expected.
In the last three days EOS has consolidated near at the 50-day SMA: the 20-day EMA showed up while the 50-day SMA went flat, showing a short-term bullish advantage.
With a breakout of over $ 7.25, the EOS / USD pair could quickly rise to $ 9. On the downside, the area between the 20-day EMA and $ 5.65 should represent strong support, we suggest that traders keep their positions with expected stops
XLM / USD
Trading in Stellar has been weak since it remains limited range between $ 0.184 and $ 0. 24.987.525. Both moving averages have flattened out and the RSI is also near level 50, which confirms a state of equilibrium.
A breakout of the range has a target of $ 0.3157505, but we anticipate a rally to $ 0.35. The longer the XLM / USD pair remains in the interval, the stronger the
The downtrend line may offer less resistance, but we expect it to be traversed easily, so we keep our purchase call initiated the 27th August.
LTC / USD
Litecoin is showing signs of a turnaround and is currently trying to exit the downtrend line and the 50-day SMA. If it succeeds, it can quickly move to $ 74. The 20-day EMA has presented itself as the 50-day SMA flattens out This shows that the bulls have the upper hand in the short term.
If the LTC / USD pair is maintained above $ 74 for three days, the probability of a $ 94 rally increases, and short-term traders can continue to establish long positions with adequate stops.
Our bullish view will be void if bears defend air resistance and lower prices below the $ 58 level.
ADA / USD
Cardano has been consolidating near the upper end of the range in the last six days.Although he failed to get out of the range of action , did not give much ground, showing that the operators are not downloading their positions.
The 20-day EMA has become flat but the SMA at 5 0 days keep going down. If the ADA / USD is scaled higher than $ 0.111843, it has a model target of $ 0.140494, but may meet resistance at $ 0.13. We do not see a reliable purchase setup at current levels and therefore, we do not recommend a trade.
IOTA / USD
IOTA has been stuck between the 20 -day EMA and the 50-day SMA in the last seven days: the flattening moving averages and the RSI in the positive zone show that the sale has attenuated. A break in the downtrend line and resistance at $ 0.9150 will signal a change in the trend Therefore, we suggest that traders maintain their long positions with the appropriate stop loss.
If the bulls survive above $ 0, 9150, the IOTA / USD pair may rise to $ 1.24, where it is likely to resist.  Our bullish view will be invalidated if the distribution of bears from the support zone between EMA to 20 days and $ 0.5750
XMR / USD
Monero met our purchase recommendation on 1 September when he closed above the long-term downtrend line. The positive closing was followed by a further move to the environmental resistance of $ 150. Moving averages are on the verge of a bullish crossover, which confirms that the trend is changing.
Since the RSI has entered the territory Overbought, the virtual currency could consolidate near the $ 150 level for a few days before bursting.
The XMR / USD will become negative if the bulls fail to keep the next decline above the $ 109.22 level. position with a stop loss of $ 90. Traders can follow the highest stops in a couple of days.
Market data are provided by the exchange HitBTC . The graphs for the analysis are provided by TradingView.