Weekly Crypto Roundup

Posted Monday, September 2, 2019 by
Konstantin Kaiser • 1 min read

The cryptocurrency market slowed down! Let’s look at the charts to find out where Bitcoin and some major altcoins are heading next.


Bitcoin bounced off nicely the 0.382 fib level at $9,500 and is currently in support zone up to $10,120. Bitcoin will most likely range between the current support and the resistance at $11,500; however, the overall trend is currently in a descending triangle, which is rather bearish. Bitcoin finds its next major support between $8,200-$8,500 and between $7,400 and $7,800.


Ethereum is at the lower end of the support zone between $171 and $230, and slightly below the golden ratio at around $180. The RSI is nearing oversold regions and the MACD’s histogram is showing a bullish divergence. Chances are that Ethereum might be soon on its way towards the $200 mark. In case of a bearish continuation of the trend, Ethereum finds its next major support around $140.


XRP is still in support zone and it is nearing the lower end of the support at $0.25. With the RSI gaining strength and the MACD’s histogram climbing higher, it should be only a matter of time until XRP goes for a decent rally towards the 0.236 fib resistance level at the $0.30 mark. If Ripple continues its downturn, it will find its next major support between $0.19 and $0.20.

The biggest gainers of last week were
DEX, which rose by 300 percent,
STC, which gained by 42 percent, and
LOL, which surged by 62 percent.

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