Bitcoin (BTC) created a bullish engulfing candlestick on Sept 14.
Ethereum (ETH) and SushiSwap (SUSHI) are trying to interrupt out from descending parallel channels.
XRP (XRP) is buying and selling above the $1.05 horizontal assist space.
Hedera Hashgraph (HBAR) reached a brand new all-time excessive value on Sept 15.
Verge (XVG) has probably accomplished an A-B-C corrective construction.
Curve DAO Token (CRV) broke out from a descending resistance line.
BTC bounced after reaching a low of $43,400 on Sept 13. It created a bullish engulfing candlestick the subsequent day, going to a excessive of $47,250. The bounce additionally served to validate the $43,950 space as assist. That is the 0.382 Fib retracement assist stage.
Regardless of the bounce, technical indicators are bearish. The MACD is reducing and is nearly destructive, the RSI is under 50, and the Supertrend has turned bearish for the primary time because the drop that adopted the April all-time excessive.
Since Sept 7, ETH has been buying and selling inside a descending parallel channel. It has been transferring upwards since bouncing on Sept 13.
The bounce was preceded by bullish divergences within the RSI and MACD. The previous has now moved above 50 whereas the latter is near crossing into constructive territory.
If a breakout happens, ETH would possible face sturdy resistance at $3,650. That is the 0.618 Fib retracement resistance stage and it coincides with a descending resistance line.
On Sept 6, XRP reached a excessive of $1.42 however fell sharply the subsequent day. Since then, it has been buying and selling simply above the $1.05 horizontal assist space.
Whereas XRP remains to be buying and selling above assist, indicators have turned bearish. Each the RSI and MACD are falling. and the previous can also be under 50.
HBAR has been rising since breaking out from a descending parallel channel on Aug 28. The upward motion accelerated on Sept 11 and on Sept 15, HBAR reached a brand new all-time excessive value of $0.544.
Technical indicators are nonetheless bullish because the RSI and MACD are rising. Additionally, neither has generated any bearish divergence.
The closest resistance space is between $0.60-$0.64, created by two completely different Fib ranges.
On Aug 24, XVG broke down from an ascending parallel assist.
The lower appears corrective, resembling an A-B-C construction during which waves A:C have a 1:1 ratio. Along with this, each the RSI and MACD have generated bullish divergences.
Due to this fact, a bounce from the present stage can be possible.
On July 25, CRV broke out from a descending resistance line. After initially scuffling with the $2.43 resistance space, it efficiently broke out on Sept 14.
Each the MACD and RSI are rising, supporting the continuation of the upward motion.
The following closest resistance space is discovered at $3.70.
Much like ETH, SUSHI is buying and selling inside a descending parallel channel since Aug 21.
On Sept 7, it bounced after reaching the assist line of the channel. SUSHI is at the moment approaching the resistance line, probably on the brink of make a breakout try.
The RSI and MACD are each rising, supporting the likelihood that the breakout will occur. The previous is above 50 whereas the latter is constructive.
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