Price Analysis 8/7: BTC, ETH, XRP, BCH, BSV, LTC, ADA, LINK, BNB, CRO

The failure of the bulls to push the price above $12,113.

Ether had formed an inside day candlestick pattern on Aug. 6, which suggested indecision among the bulls and the bears about the next directional move.

The first support on the downside is $366 and if it cracks, the correction can deepen to the 20-day EMA. If the ETH/USD pair rebounds off the 20-day EMA, it will be a positive sign and the bulls will again attempt to resume the uptrend by pushing the price above the $415.634 resistance.

If the XRP/USD pair breaks out and sustains above the pennant, the bulls will try to push the price to $0.326113 and then to $0.346727.

BCH/USD. After forming an inside day candlestick pattern for three successive days, Bitcoin Cash broke above the immediate resistance at $304.79 on Aug. 6, which indicates that the bulls have overpowered the bears.

If the bull can propel the pair above $260.86, the uptrend is likely to start.

The bulls are gradually pushing the price higher for the past few days but without a pick up in momentum, a breakout above $65.1573 is unlikely.

The rising moving averages and the RSI in the positive territory suggest that bulls have the upper hand.

If the bulls can sustain the price above the $0.15-$0.1543051 resistance, the uptrend is likely to resume with the next target objective at $0.173 and then $0.20.

If the bulls can push the BNB/USD pair above $23.54, a move to $24.4588 is likely.