Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, August 01

While a buy and hold strategy is profitable when the trend is outright bullish, it is a better strategy to get in and out of positions when the price is inside a range.

As Bitcoin has broken below this support, it shows that the sellers are overpowering the buyers.

The BTC/USD pair will remain strong as long as it keeps trading above the 20-day EMA. ETH/USD Ethereum broke down of the trendline on July 30 and quickly dropped to the critical support at $404.99.

On the downside, any break of the $404.99 line can result in a fall to the next support at $358. Therefore, we suggest closing the long position if the price dips to $400. XRP/USD Ripple has again held the strong support at $0.4242 for the fourth time since June 29.

EOS/USD EOS has been stuck in a range of $6.8926 - $9.4456 since June 23.

We have been waiting to buy the breakout of this range but instead of moving up, the price has declined to the bottom of the range.

LTC/USD From the top of the range at $91.146, Litecoin has corrected to the bottom of the range at $74.074.

XLM/USD The bulls have failed to defend the 20-day EMA and Stellar is back at the support line at $0.2544.

IOTA/USD IOTA has corrected to the support at $0.9150 for the fourth time since June 22.

TRX/USD After failing to break out of the 50-day SMA and the downtrend line, TRON has drifted towards the critical support at $0.03275.