Price Analysis 01/07: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, ADA, TRX

Contrary to our expectation, if the ETH/USD pair plunges below the 50-day SMA, it will turn negative.

On the contrary, if the bears sink the BCH/USD pair below the support line of the channel, the trend will turn negative and a drop to $280 is probable.

The price reversed direction on June 30 and slumped below the 20-day EMA once again.

Our view will be invalidated if the bears sink the price below $111. In such a case, the pair can correct to the support line of the channel.

EOS/USDThe attempt by the bulls to push EOS back inside the ascending channel hit a wall at $6.3995 on June 30 and the price plunged below the support line of the channel once again.

BNB/USDBinance Coin is attempting to hold the 50-day SMA. Barring the dip on May 9 and 10, it has not closed below the 50-day SMA since December 31 of last year.

If the price bounces off the 50-day SMA, it will try to resume the uptrend and scale above $40.However, if the bears sink the BNB/USD pair below the 50-day SMA, it can drop to $28.7168.

Support on the downside is at $175 and resistance is at $255.620.If the BSV/USD pair plummets below $175, it can drop to $152.015, which is the 50% retracement level of the recent leg of the up-move.

ADA/USDCardano broke below the 50-day SMA on June 30, which is a bearish sign.

If the bears sink the price below $0.073, the slide can extend to $0.060.TRX/USDTron has been holding the 50-day SMA for the past four days but is struggling to move up.