Price Analysis 22/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, TRX, XLM

Traders can wait for the price to sustain above $11,100 before initiating long positions.

63.ETH/USDEther remains positive as long as it trades above the uptrend line.

If the price breaks down of the uptrend line and the recent low of $192.945, traders who have bought near the uptrend line will be forced to liquidate their positions.

It will pick up momentum after scaling the 20-day EMA. Traders can wait for the price to sustain above the 20-day EMA before entering fresh positions.

Traders can trade the range by buying near the support and selling near the resistance but the price action tends to be volatile in between.

On the other hand, if the bulls again defend $0.27795, the price will continue to trade inside the range.

We will wait for the cryptocurrency to rise above $106 during the next rebound before recommending a trade in it.

The bulls pushed the price above the descending channel and the 20-day EMA, which is a positive sign.

Conversely, if the bulls push the price above $4.4930 and the 20-day EMA, the pair might climb up to the 50-day SMA. Buying in a downtrend can result in quick losses.

The boundaries of the range might be $107 and $190. Contrary to our assumption, if bulls push the price above the 50-day SMA, a rally to $255.620 is probable.