CoinFinex Daily Market Review for 25.09.18

Cardano – ADA/UST
Cardano has successfully passed the 20 day EMA line and is really close to the 50 day SMA. A strong push from the buyers side will increase the pullback to 0.11$. The bulls will need to break the resistance at 0.92$. The moving averages are moving more and more into flat surface which is a good sign for the long term holders as this is bullish sign. On the other side, if the bears push harder and drop the cryptocurrency bellow 0.80$ support zone, they will open it’s way down to 0.71$

Bitcoin Cash – BCH/UST
Bitcoin cash as many other cryptocurrencies has also made a good pullback during the past few days. The cryptocurrency successfully broke the line of 20 day EMA and is moving straight forward to the 50day SMA line which is located below the resistance of the downgrading channel, so in order to start a new trend the bears have to break two moving resistances. Currently the price of BCH/UST pair is 470$, a successful scenario for the bulls will be a rapid pullback to 660$, if the price gets stable on these levels it will open a way to 880$ levels. BitcoinCash is one of the most trusted and used cryptocurrencies and it’s not surprising that if find such good BUY support with the traders.

EOS has also made a pullback and successfully broke the resistance of the down trading channel it was stacked into. Right now the bulls have to stabilize the price above these lines and test the resistance at 6.80$ levels. Breaking this resistance the bulls will open the way to 7.80$ and will start a new bullish trend for the cryptocurrency. On the other side it’s still possible that bears will try to push the EOS down to 4.4$ to retest the support there.

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