IOTA: Price Analysis, September 14

Mike Novogratz, person (who started a company) and CEO of walked (slowly and quietly) investment firm (large star system/large group of things) Digital Capital Management, called a bottom in cryptocurrencies on September 13, while (looking at things in the opposite way) the Chief Commercial Officer of BitPay, Sonny king believes that Bitcoin will resume in 2019 but that altcoins "will never come back." He said the next trigger that can carry Bitcoin higher is the entry of institutional players.

Morgan Stanley is the latest Wall Street giant planning to allow its clients to trade Bitcoin using trade swaps, according to Bloomberg sources. (people or businesses who give money to help start businesses) continue to pour money into money linked with blockchain technology. based (money to small business) firm rabbit Capital is aiming to raise $420 million for its latest fund, a 40 percent increase above its previous trip/business that attracted $300 million.

New research by fintech analysts Juniper House found 65 percent of large businesses/projects -a- employing a minimum of 10000 staff -a- are "(thinking about/when one thinks about) or actively engaged" in blockchain use/military service. This shows the basics of the part/area are improving. So, will prices follow the basics higher? Lets find out.

BTC/USD
Bears did not challenge the $6,075-$5,900 support zone as we had expected. Bitcoin liberated from $6,500 on September 13 but is currently facing resistance at the 20-day EMA. This shows sellers are active on pullbacks. If the bulls liberate from the 20-day EMA, a rally to the 50-day SMA, followed by a pergrinate to the downtrend line of the descending triangle is likely.

If the BTC/USD pair turns down from the current level and sustains below $5,900, it will consummate two bearish patterns – a head and shoulders and a descending triangle. The pattern target of such a breakdown is much lower, but we anticipate vigorous support at $5,450 and $5,000.
If bulls hold the next dip above $6,200 and breakout of the 20-day EMA, we might suggest opening a diminutive position. Until then, we suggest traders remain on the sidelines and wait for a reliable buy setup to compose.

ETH/USD
We anticipated a pullback in our precedent analysis and Ethereum rallied to $224.21 from the $167.32 low on September 12. However, the trend remains down as both the moving averages are trending down and the RSI is proximate to the oversold zone.
If the bulls scale above the 20-day EMA, the next overhead resistance is the downtrend line of the descending channel and the 50-day SMA, located just above the channel.
Hence, we shall wait for the ETH/USD pair to compose a reversal pattern afore proposing any long positions. The critical level to optically canvass on the downside is $167.32, below which the decline can stretch to $136.12.

XRP/USD
Ripple is finding it arduous to sustain above the $0.27 level. A breakdown of the fortification zone of $0.27-$0.24508 can sink prices to $0.24001 and below to $0.20.
Both moving averages are sloping down and the RSI is in the negative, which shows that the sellers are in command. The XRP/USD pair has not broken out of the 50-day SMA since May 17. If bulls can sustain above the simple moving average, it will designate buying and a probable vicissitude in trend. We will wait for prices to scale above the downtrend line afore recommending a trade.

BCH/USD
Bitcoin Cash remains in a vigorous downtrend with both the moving averages trending down and the RSI in negative territory.

The pullback from proximate to the $400 level is facing stiff resistance at the $475 mark. If the BCH/USD pair breaks down from $400, it could slump to $300 and $282.
On the upside, if the bulls scale above the 20-day EMA, a rally to the 50-day SMA is probable. The virtual currency will show denotements of a transmutation in trend if it liberates from the resistance line of the descending channel. We shall wait for a reversal pattern to compose afore suggesting any long positions.

EOS/USD
EOS has been facing resistance at the $5.65 level for the past two days., just below the 50-day SMA.

A breakout of the 50-day SMA could carry the EOS/USD pair to the $6.8299 level. Consequently, we recommend holding remaining long positions with ceases at $4.40.
The 20-day EMA has turned flat while the 50-day SMA is still sloping down, with the RSI in the negative. If bears force prices lower, a drop to $4.4930 is probable. If this fortification breaks, the decline could elongate to $4.1778 and $3.8723.

XLM/USD
Stellar has risen from the critical support of $0.184 but is facing resistance at the 20-day EMA for the past three days.

We anticipate the XLM/USD pair to elongate its stay inside the range of $0.184-$0.24987525 for a few more days. The 20-day EMA is turning flat, which shows that the near-term selling has abated.
Traders should wait for a breakout from this range afore initiating any long positions. A breakdown will be very negative and could sink prices to $0.11812475 and $0.082332.

LTC/USD
The breakdown from the $49.466 level on September 12 was ephemeral as Litecoin bounced back into the range. This shows some buying below the $50 level. We relish the positive divergence developing on the RSI, but need prices to follow up higher afore it can act as a buy signal.

The LTC/USD dyad will face stiff resistance on the upside from the 20-day EMA, the downtrend line and the 50-day SMA.
Both moving averages are trending down and the RSI is still in negative territory. A breakdown from $47.246 could sink prices to the next support zone of $40-$44. We suggest traders wait until the virtual currency forms a reliable buy setup.

ADA/USD
Bulls are endeavoring to bulwark the $0.06 level on the downside but have not been able to carry Cardano above the $0.0715 level for the past two days.

Both moving averages are sloping down and the RSI remains in oversold territory. This shows that sellers are firmly in control. The target on the downside is $0.054541.
The first designation of a probable transmutation in trend will be when the ADA/USD pair breaks out and sustains above $0.111843. We will wait for a reliable buy setup to compose afore suggesting any long positions.

XMR/USD
Monero has broken out of the moving averages after taking support at the downtrend line. If it breaks out at $120, it could climb to $142.71 and $150.

The moving averages are proximate to each other and are flattening out while the RSI has moved into positive territory. This shows that bulls have an advantage in the short-term. Ergo, we suggest holding long positions with the recommended stop loss.
The XMR/USD dyad will turn negative if bears sink prices below the September 12 low of $96.390.

IOTA/USD
IOTA is endeavoring to bounce after taking support at the $0.5 mark, but it is facing vigorous resistance at the 20-day EMA.

The zone between $0.59-$0.67 will act as stiff resistance. Once this zone is crossed, a pergrinate to $0.81 and $0.9150 is probable. The 20-day EMA has flattened out and the RSI is endeavoring to climb into positive territory, which shows that selling pressure is decrementing. Traders could hold their long positions with the ceases at $0.46.
If bulls fail to scale above the overhead resistance, the IOTA/USD dyad will dip to $0.50 and $0.4628