BTC / USD
Bitcoin escaped the moving averages, but faces resistance at the intraday peak on September 22 of $ 6831.99. The downward trend line of the downward triangle is just above this level at $ 6930. We expect bassists to mount strong resistance in this area.
BTC / USD
If the bulls manage to get out of the bearish trend line, a move to $ 7413.46 is possible. We anticipate a strong episode of short coverage if this level is scaled. Therefore, traders can maintain their long positions with stops at $ 5900.
On the downside, the supports are at $ 6583.46 and $ 6341. If these supports weaken, a new test of the critical support area of $ 5900- $ 6075 is likely.
Currently, both moving averages are flat and the RSI is close to the neutral zone, suggesting short-term consolidation. The next upward directional movement will begin after the BTC / USD pair remains above $ 6930.
ETH / USD
The bulls have remained at the $ 200 level for the past three days, but are struggling to raise the price above the 20-day EMA. If this resistance is crossed, the next important resistance is the 50-day SMA. Ethereum has not exceeded the 50-day SMA since May 24, therefore, this becomes an important level upwards.
ETH / USD
If the ETH / USD pair remains above the 50-day SMA, a rebound to $ 322 is likely. Aggressive traders can try this trade in a breakdown exceeding $ 255.
On the downside, the support levels are $ 200 and $ 192.5. The bearish trend will resume if the bearish slide below the September 12 low of $ 167.32.
