25th Sept. Cryptocurrency Overview.

  1. BTC/USD

The BTC/USD pair has corrected back to the support level of $6583.46. If the bulls defend this level and a bounce materializes. if current support breaks, a retest of the $5,900–$6,075.04 support is likely. Traders should keep the stop loss at $5,900 because if support breaks, a deeper fall to $5,450 and further to $5,000 is probable.

  1. ETH/USD

ETH/USD pair is currently back at the downtrend. If support breaks, the digital currency could slide to the $192.50 level once again. However, if support holds, a rally to the $302 is possible. No positive trend to trade.

  1. XRP/USD

$0.51676, which has been acting as a strong support. If this level breaks, the correction can deepen to level of $0.45832. No positive trend to trade.

  1. BCH/USD

If the BCH/USD pair falls below $450, it can retest the low at $400. Wait for positive trend to trade.

  1. EOS/USD

EOS is currently retesting the breakout level of $5.65. If support holds, the EOS/USD pair will again try to rally to $6.8299. If the current support breaks, a decline to the next support at $4.50 is probable. Traders keep their stops on the long position at $4.40.

  1. LTC/USD

The LTC/USD pair is currently in a consolidation between $49.466 and $69.279.  We recommend traders attempt a long position only on a breakout and close above $69.279.

NOTE: THE ABOVE PRICE ANALYSIS ARE GIVEN FOR REFERENCE PORPOSE ONLY AND NOT FOR TRADING.

 

Leave a Reply

Your email address will not be published. Required fields are marked *