Price Analysis 28/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, XLM, ADA

If the price reverses direction and quickly rallies above the moving averages, it will confirm a strong demand below $10,000.

If the BTC/USD pair fails to rise above the moving averages, we anticipate another bout of selling to drag the price to the next support zone of $6,933.

If the price bounces off this line and rises above 20-day EMA, it will form a bullish ascending triangle pattern.

Unless the price climbs back above the uptrend line, it will be vulnerable to a fall to $24.1709.We continue to like the BNB/USD pair because it is a huge outperformer.

The price can now dip to $3.30-$3.8723 support zone.

If bulls fail to defend the support zone, the decline can extend to $2.2.However, if bulls defend the support zone and push the EOS/USD pair above 20-day EMA, it will signal demand at lower levels.

If bears sink the price into bottom half of the channel, we expect a drop to the support line, which is close to the recent low of $107.Any pullback will face selling at 20-day EMA and above it at the resistance line of the channel.

The price has declined close to the support of the large range, which is likely to hold.

The first signs of buying will be when bulls push the price back above 20-day EMA. Such a move will indicate that buyers are keen to defend the support and will give the traders a low-risk buying opportunity.

Once the bulls push the price above $0.082, a rally to $0.10 is probable.