Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 20

BTC/USD Bitcoin completed an inverse head and shoulders pattern on July 17 with a break above the neckline at $6,953.

We are recommending booking partial profits because Bitcoin will pick up momentum once the bulls break out and close above $7,750 as that will invalidate a bearish pattern.

ETH/USD Ethereum broke out of the $496.36 level on July 17 and July 18, but could not sustain it.

BCH/USD Bitcoin Cash rose above $850 on both July 17 and July 18, thereby triggering our buy recommendation made in the previous analysis.

We suggest traders hold their long positions with the stops at $650. EOS/USD EOS broke out of the 20-day EMA and the downtrend line but could not rise above the $9.4456 mark.

LTC/USD Litecoin has broken out of the overhead resistance at $91.146, turning down from the 50-day SMA. It is currently taking support at the 20-day EMA. If the LTC/USD pair sustains above $91.146, we anticipate a rally to $107. However, this is unlikely to be a straight move up.

ADA/USD Our proposed buy level on Cardano was hit on July 17 and the traders who follow us might have entered long positions.

Though the ADA/USD pair broke out of the minor resistance at $0.181617 on July 18 and July 19, it could not sustain it.

Though it broke out of the overhead resistance at $0.31312212 on July 18 and July 19, it could not sustain the higher levels.

TRX/USD The recovery in Tron has scaled above the 20-day EMA and the downtrend line but hit a wall at the 50-day SMA. The bulls could not provide support to the TRX/USD pair at the 20-day EMA on the way down.