Price Analysis 08/07: BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, TRX, ADA

The bulls might face resistance at $320.840 and above it at $366. However, if the price breaks out and closes above $320.840, we suggest traders buy 40% of the desired position size.

Currently, bulls are again attempting to push the price above the moving averages.

If the bulls fail to propel the price above the moving averages, bears will try to sink the pair below $0.37835.

The bulls are attempting to keep the price above the 50-day SMA. If this support breaks down, the pullback can extend to $111.8994.

The LTC/USD pair will pick up momentum on a breakout and close above $146.BCH/USDThough Bitcoin cash has traded below the 20-day EMA for the past seven days, bears have not been able to take advantage of the weakness and sink the price to the support line of the channel.

We now expect bulls to attempt to push the price above the moving averages.

A breakdown below $375 will invalidate our bullish view, as it can result in a drop to $280.EOS/USDThough bulls have held the support at $5.550, they have failed to propel EOS above 20-day EMA and into the channel.

The bulls might face resistance at the downtrend line, but once it is scaled, it can move to $7.6435 and above it to $8.60.Conversely, if the price reverses direction from the current levels or from the 20-day EMA and breaks below $5.550, it can correct to $4.4930.

If bulls can sustain the price above $34.50, it is likely to move up to $40 once again.

Conversely, if bulls fail to sustain the price above $34.50, bears will again try to sink it to $28.7168.