to the bottom of the range should be purchased when it shows signs of a rebound, hence, we believe that this trade can be attempted if the buy levels are reached. The digital currency will start a new uptrend once it breaks out of this resistance. The stops can be kept just below the recent lows. Usually, in a range, after failing to break out of the overhead resistance, prices decline to the support of the range. BCH/USD pair to slide lower once it breaks below the 50-day SMA. We have been pointing to the various news related to institutional investors because this shows the kind of interest they have even after the decline in prices. Sign up for our newsletter and keep us honest. Until then, it is best to take no action. Lets see if we get some low-risk buy setups today? EOSfinex is set to roll out on September 26th, and is designed to facilitate a highly-scalable network of peer-to-peer value exchange, unconstrained by borders and built around a foundation of transparency, speed and integrity. A study by, weiss Ratings showcases that if the US Federal Reserve dilutes the Volcker Rule - which restricts the banks from indulging in risky assets to earn profits - Americans are likely to turn to cryptocurrencies.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin Crypto News Flash: Bitcoin (BTC Ethereum (ETH Litecoin
TRX/USD The bulls are trying to hold the 50-day SMA on tron while the bears are defending the 20-day EMA. ETH/USD pair can rally to the neckline of the head and shoulders pattern, which also coincides with the resistance line of the descending channel. ADA/USD Cardano is looking weak because the pullback attempt from the.19 support level on May 24 did not sustain the higher levels. EOS/USD, eOS has held the 50-day SMA support, which is close to the.8 percent Fibonacci retracement level of the recent rally. We shall wait for prices to stabilize and turn around before proposing any buys. Considering the flow of positive news in cryptos, we have been bullish for a while but are waiting for the opportune time to buy. They should remain on the sidelines until a new buy setup forms. If the bears break below the.23 levels, a fall to the lower end of the range is likely. We will either get a break out above the 20-day EMA and the descending channel or a breakdown below the 50-day SMA, within the next couple of days.