Bitcoin, Ethereum and XRP are stable while “Red Seven” starts

The cryptocurrency market tries to shake the blues from weekends to early September, but history suggests that it could be calm before the storm.

The feeling of the market has dropped, according to the Crypto Fear and Greed index. The feeling has left neutral territory and fell into the “fear” area, going from 75 out of 100 in mid-August to 46 today-the worst score since mid-June.

This change of feeling comes as traders are preparing for what was historically the cruel month of crypto: “Red seven”. Bitcoin has dropped an average of 3.77% price in September since 2013.

The wider macroeconomic image adds another layer of complexity. The political meeting from September 16 to 17 of the federal reserve may well be one of the most controversial for years. The markets involving 87% of a drop of 0.25%, the cryptography market is found at a crossroads between seasonal weakness and the potential relief of monetary policy.

Meanwhile, traditional markets have mixed signals, the S&P 500 term contracts pointing to a positive open Tuesday after Friday volatility, while inflation remains above the Fed lens with basic CPI at 3.1%.

But while the stock market is on vacation in the United States, the crypto – of course – never rests. Here is what Bitcoin graphics show today:

Bitcoin (BTC) Price: Test critical support

Bitcoin displays resilience with a modest gain of 0.53% to $ 108,842, recovering from an intrajournial hollow of $ 107,270. The flagship cryptocurrency has been rebounded in its current range (the white dotted line in the graph below), suggesting that buyers defend the level of $ 108,000 psychologically important.

The average directional index of Bitcoin, or ADX, is currently being 20, indicating no clear trend in the commentary. ADX measures resistance to trend on a scale from 0 to 100, where readings less than 25 suggest the jerky tradings without direction.

In this case, the 20 Bitcoin score suggests its inability to move to new peaks of all time or further towards a cross of death for the moment. For merchants, this means that Bitcoin is currently in a consolidation phase where range trading strategies could surpass trend monitoring approaches.

The 40 -point force index shows that the red effect of September is real: merchants are starting to sell their pieces faster than usual. The relative resistance index, or RSI, measures the market momentum on a scale of 0 to 100, where readings above 70 indicate excessive conditions and less than 30 suggest the occurrence.

At the moment, Bitcoin is approaching the territory of occurrence, with more people interested in getting rid of their rooms than buying them.

The compression momentum indicator shows the “outside” state, indicating that volatility has already been released rather than accumulating. This indicator identifies when the markets are compressed before the explosive movements. When it is “deactivated”, this suggests that the recent price action has already exhausted short -term volatility. Reading shows that there is a lower movement and that the sale pressure remains dominant despite today’s modest recovery.

The exponential means of moving, or EMAS, offer merchants an overview of the resistors and price supports by taking the average price of an asset on short and longer deadlines. The EMA configuration of Bitcoin remains optimistic, with the 50-day EMA above the 200-day EMA

But the action of the current prices that hovers near these averages suggests a battle between bulls and bears. It should also be noted that the gap between the two EMA begins to close. It is not a good sign because it shows a deceleration of the upward trend and could potentially lead the part in a configuration of death which, for traders, would confirm a solid downward trend instead of a simple correction.

On Myriad, a prediction market developed by DecipherThe mother company Dastan, the traders feel the lowering vibrations. A myriad of users now gives Bitcoin 75% chance of falling at $ 105,000 as soon as possible. A little over two weeks ago, the market myriad had placed the chances that Bitcoin rises to $ 125,000 at more than 90%.

Key levels:

• Immediate support: $ 105,000 (psychological level and potential target of September)
• Immediate resistance: $ 113,000 (previous consolidation zone and EMA50 price line)

Ethereum (eth) price: the bulls fight against resistance

Ethereum is currently underperforming with a drop from -0.66% to $ 4,363, despite the opening of a little more to $ 4,392.87. The second largest cryptocurrency increased briefly to $ 4,490.97 – a movement of 2.2% compared to the opening, but failed to maintain gains, signaling the rejection at the resistance of $ 4,500.

The Adx of Ethereum at 28 tells a more optimistic story than that of Bitcoin, crossing the crucial threshold 25 which confirms the trend establishment. This reading suggests that the recent action of Ethereum prices represents authentic trend behavior rather than random volatility. Traders generally consider ADX greater than 25 as validation for trend monitoring strategies, although the current weakness of prices contradicts this Haussier signal – a divergence that often precedes net movements.

On the other hand, the ETH ADX score has decreased over time, which can indicate a weakening of the trend in the near future.

The switching indicator suggests that volatility is built after a compression phase, which generally precedes breaking movements. This is probably a small consequence of the September effect, short -term merchants trying to sell their coins quickly and in the long term buying for what they expect to be the rebound to come.

The Ethereum RSI at 57 is also in what merchants consider a bullish territory. This has been higher recently, which suggests that the market calm down. The position traders can hold and wait for explosive movements before making judgments.

EMA’s bruise alignment (with the average of 50 days above the average of 200 days) provides structural support, but non-compliance with $ 4,400 increases concerns. The current configuration shows that Ethereum is still very optimistic – passing over the average price of the last 50 days and in winding for a significant movement because it breaks a low and short symmetrical triangle model.

A myriad of traders also hold the upward ethereum line. The predictors on the platform place the chances of 77% that ETH continues its upward trajectory and reached $ 5,000 before the end of the year.

Key levels:

• Immediate support: $ 4,360 (lower intraday)
• Solid support: $ 4,000 (psychological level and 50 -day EMA zone)
• Immediate resistance: $ 4,490 (today’s high)
• Strong resistance: $ 4,500 (key technical barrier)

XRP price: drifting at sea

XRP completes the main cryptocurrencies with a drop from -0.5% to $ 2.76, showing relative weakness. The undulating token briefly affected $ 2,8387 – an intraday decision of 2.3% – before the sellers took control, pushing it to $ 2.70.

ADX at 19 is the lowest among the three best cryptocurrencies, firmly below the trend threshold 25. This reading indicates that XRP is stuck in a market linked to the beach without clear directional bias. For merchants, ADX less than 20 generally suggests that they should avoid trend monitoring strategies and rather focus on support and resistance levels for trading in the range. A weak reading like this after recent volatility often marks the accumulation phases before the next trend movement.

Although the compression momentum is “on”, XRP’s inability to maintain gains greater than $ 2.80 suggests that bears remain in control. The activation of the indicator combined with a weak ADX creates what technical analysts call a “rolled spring” scenario. Prolonged periods of low ADX often lead to violent eruptions when they finally occur, although management remains uncertain.

The price action shows a potential descending triangle motif which could end with a downstream break, potentially testing the EMA support of 200 days or even lower. It should be noted particularly that XRP has now broken below the 50 -day EMA support, which means that bears are in control, at least in the short term.

The 40 -point RSI confirms that the part is heading for the territory of occurrence, with the sellers in control, but still not in full panic mode.

Myriads Traders believe that XRP falls at $ 2.50 before it never reaches $ 4 per room, placing these chances at 78% now.

Key levels:

• Immediate support: $ 2.70 (today’s psychological level and the real support of the downhill triangle)
• Solid support: $ 2.50 (previous consolidation base and EMA200 price zone)
• Immediate resistance: $ 2.85 (EMA50)
• Strong resistance: $ 3.00 (major psychological barrier and resistance by the descending triangle)