Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 29

BTC/USD Bitcoin broke out of the 50-day SMA on August 28, which is a positive sign.

The question now is: can the bulls sustain above the 50-day SMA? If the bears sink the price and keep it below $6,955.

The 20-day EMA is flattening out but the 50-day SMA is still sloping down.

The 20-day EMA has turned flat but the 50-day SMA is still sloping down.

Above the downtrend line 2, the XRP/USD pair is likely to face a stiff resistance at the 50-day SMA. If the bulls break out of the 50-day SMA, the pullback can extend to $0.5.

The BCH/USD pair will pick up momentum if it scales above the downtrend line and the 50-day SMA. If the bulls sustain above the 50-day SMA, the rally can extend to $900. On the other hand, if the bears fail to break out of $600, the cryptocurrency can remain range bound between $500 and $600. EOS/USD EOS broke out of the 20-day EMA and the overhead resistance at $5.65 on August 28.

Our bullish view will be invalidated if the virtual currency turns down from the 50-day SMA. XLM/USD We have been bullish on Stellar for the past few days because it has held above the year-to-date lows in the recent downswing.

The 20-day EMA and the 50-day SMA both have turned flat as the digital currency has been stuck inside a tight range of $0.184-$0.24987525 since August 5.

Currently, the 20-day EMA has turned flat, but the 50-day SMA is still sloping down.

IOTA/USD IOTA has pulled back sharply in the past two days and has reached the 50-day SMA. The zone between the 50-day SMA and $0.9150 might act as a strong overhead resistance.