I created an index of the top 10 cryptos market cap combined. Healthy retracement on SEP 2 seems to have found a bottom at support levels. Expect some consolidation in the orange rectangle and a breakout soon after. Blue rectangle is support. Oscillators look good, MACD tightening and RSI bouncing off the oversold lows.
Note
After I posted this chart, news came out that China is banning ICOs. Check my updated chart for new support levels
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.