Price Analysis 31/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, XLM, ADA

The bulls will now try to propel the price above both moving averages and resume the uptrend.

The bulls will now try to push the price above the 20-day EMA. If successful, a rally to the 50-day SMA is probable.

Contrary to our expectation, if the ETH/USD pair fails to rise above the overhead resistance and turns down, it will indicate selling at higher levels.

The traders can wait for the price to close above $0.34229 before initiating long positions.

If the bulls fail to propel the XRP/USD pair above the overhead resistance, it might again slide back to $0.30, below which a retest of $0.27795 is possible.

A break of $0.27795 will be a huge negative as it will trigger several stop losses and can result in a quick decline to $0.19.LTC/USDThe bulls are attempting to push Litecoin above the uptrend line.

On the other hand, if the price breaks out of the downtrend line, but fails to scale above $105.6760, it will form a range.

We might suggest long positions if the BNB/USD pair sustains above the uptrend line for three days.

A break below $3.30 can plummet the price to $2.20 while a rally above $4.775 can carry it to the 50-day SMA, above which it will start a new uptrend.

It has minor resistance at $188.690, above which the pair can pick up momentum and rally to $255.620.On the other hand, if the price fails to breakout of the channel and slips below $136.890, a retest of $107 is probable.