Price Analysis 29/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, XLM, ADA

Conversely, if the support holds and bulls manage to push the price back above the moving averages, it might reach the downtrend line.

Unless bulls push the price above $235.7 within the next few days, the support is likely to be broken.

We will wait for the price to sustain above the downtrend line before recommending a trade in it.

Conversely, if the bulls defend the uptrend line and push the price back above the 20-day EMA and $345.80, it will signal strength and will complete an ascending triangle pattern.

If the price does not rise above the uptrend line within the next couple of days, the support at $24.1709 will be at risk of breaking down.

If the price reverses direction from current levels and climbs back above the uptrend line, it will signal strength.

The bulls should now try to carry the price above 20-day EMA, failing which the bears will again test the $3.30-$3.8723 support zone.

The BSV/USD pair will weaken if it continues to trade below the 20-day EMA. If the price again slips into the bottom-half of the channel, a drop to the support line of the channel is likely.

XLM/USDThough Stellar had dipped below the immediate support of $0.081527 on July 28, the bears could not capitalize on it and the price recovered from the lows.

We will wait for the price to sustain above the 20-day EMA before suggesting a trade.