The recent collapse in crypto markets led by Bitcoin has broken the support and market capitalization has dipped to just under $220 billion.
As a result, important support levels cracked and the rest of the traders were forced to close their long positions.
ETH/USDEther plunged below the support of $163.755 on Sept. 24 and triggered our suggested stop loss at $160. The bulls are currently attempting to defend the support at $150 because if it breaks down, a fall to $122 is possible.
Below $0.22, the next support on the downside is way lower at $0.19.
LTC/USDLitecoin turned down sharply on Sept. 23 and broke below our suggested stop loss of $62. It was followed by another down-move the next day, which broke below the critical support at $58. There is a minor support at $49.3305, which is the 78.6% Fibonacci retracement level of the rally.
BNB/USDBinance Coin broke below the critical support of $18.30 and $16.2501 on Sept. 24.
BSV/USDThe fall on Sept. 24 broke below the critical support of $107 and the 78.6% Fibonacci retracement level of $92.933.
There is a psychological support at $0.050, below which the selling can exacerbate.
A breakdown of this support will be a huge negative as it will start a new downtrend that can drag the prices lower to $0.80.
If the support holds, the bulls will try to push the price above the moving averages once again.
Price Analysis 25/09: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, LEO
Udgivet den Sep 25, 2019
by Cointele | Udgivet den Coinage
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