If Bitcoin breaks from its current range, ADA, ATOM, FIL and EOS could continue their gradual advance.
) had been trading in a tight range between Aug. 27 and Sept. 2, which resolved to the upside on Sept. 3. An expectation that buyers may continue their purchases led to the selection of this coin.The FIL/USDT pair turned up sharply and broke above the 20-day EMA on Sept. 3. This is the first indication that buyers are attempting a comeback. However, the bears are unlikely to surrender easily and they are posing a strong challenge near the 50-day SMA .
If that happens, the pair will complete an inverse head and shoulders pattern. The pair could then pick up momentum and rally toward the pattern target of $7.6 and later to $8.30. A minor positive is that the buyers aggressively purchased the drop to the 50-day SMA . The 20-day EMA has flattened out and the RSI is near the midpoint, indicating a balance between buyers and sellers.
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