Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 25

Published on by Cointele | Published on

BTC/USD Bitcoin broke out and closed above the downtrend line of the descending triangle on July 23.

BCH/USD Though Bitcoin Cash closed above $838.9139 on July 24, it could not extend its gains.

On the downside, we anticipate a strong support at the 20-day EMA. If the bears break below the 20-day EMA, the BCH/USD pair can slide down to $670. The coin will gain momentum above $935. As price is hovering above both moving averages, we recommend holding the existing long positions with the stops below $650. EOS/USD EOS continues to consolidate between $6.8926 and $9.4456.

Following the breakout from the range, if the EOS/USD pair struggles to scale above $11.64, the long position should be closed.

The first bullish sign will be a breakout and close above $91.146, which can carry the LTC/USD pair to the overhead resistance at $107. The long-term downtrend line is located close to $107, which will act as a strong resistance.

We suggest the investors trail their stops on the existing long position higher to just below the 50-day SMA. IOTA/USD The bears attempted to sink IOTA below the critical support at $0.9150 on July 24, but the bulls defended the $0.90 line.

The IOTA/USD pair will face a strong resistance at the downtrend line of the descending triangle and above that at $1.33.

The trend will change if price sustains above $1.33.

TRX/USD Though Tron dipped below $0.03275 on July 24, it stayed above the July 12 low of $0.03100749.

The move will be confirmed once the TRX/USD pair breaks out and sustains above the 50-day SMA. The bullish view will be invalidated if the bears sustain below $0.031.

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