Price Analysis 7/31: BTC, ETH, XRP, BCH, BSV, LTC, ADA,CRO, BNB, EOS

Published on by Cointele | Published on

The BTC/USD pair has formed a small ascending triangle pattern and if the bulls can sustain the price above $11,377.

As long as the price stays above the upsloping 20-day exponential moving average, the advantage remains with the bulls.

If the bulls can sustain the price above $0.25, the XRP/USD pair is likely to start its journey towards the next target at $0.284584.

The positive sign is that the bulls have not allowed the price to dip back below the $280.47 level, which will now act as a strong support.

The bulls have pushed the price above the $280.47-$300.38 resistance zone.

The first level that might offer stiff resistance to the bulls is $64 but if the bulls do not allow the price to dip below $56, then it will indicate strength and increase the possibility of a breakout of the overhead resistance.

If the bears sink the price below the 20-day EMA support, it could attract further selling by the bulls that can result in a fall to the next support at $0.11.

BNB/USD. Binance Coin remains bullish but it lacks momentum, which suggests that the higher levels are not attracting aggressive buying from the bulls.

If the BNB/USD pair rebounds off this support, the bulls will try to carry the price above $21.7628.

If they succeed, the rally could extend to $24. Conversely, if the bears sink the price below the 20-day EMA, it will be a negative sign as it will indicate that the bulls are not buying the dips.