Price analysis on July 27, 28 Bitcoin, Ethereum and Ripple.

BTC / USD
Buying in a downtrend or during volatile periods can lead to major losses. Therefore, patience is the key for traders who want to participate in long-term and profitable games. Bitcoin is currently hovering above the critical support area of ​​US $ 9,727 to US $ 9,080.

It is difficult to predict for sure the price will bounce from here. The 20-day EMA, showing the short-term trend, has begun to decline and the RSI has been trading below 50 for the past few days. Moving averages are on the verge of a crossover trend. These signs show that bears have an advantage in the short term.

However, the 50-day SMA is still sloping up, indicating that the medium-term trend is increasing. As long and medium-term trends increase, dips should be used as a buying opportunity. Therefore, we are waiting for a bottom to be formed before proposing a long position.

The next few days will confirm whether the BTC / USD pair has bottomed in the current area or at the next support area of ​​$ 7,451 to 6,933 USD. On the rising side, we predict the coin pair will gain momentum after it exits the downtrend line of the descending triangle.

ETH / USD
Cows tried to keep the ETH on the uptrend line, but could not carry it on the 20-day EMA. This shows the hesitation between higher-level buyers. If the price does not increase strongly in the next few days, the uptrend line may be broken.

If the ETH / USD pair slips below the uptrend line and the recent low is 192.94 USD, it could quickly drop to 150 USD. The 20-day EMA is sloping down and the RSI is in a negative zone, indicating that the bear side has an advantage.

But if the pair exits the current level and rises above the 20-day EMA, it could rise to 320.84 USD. ETH will face resistance at SMA 50 days, but we hope it will overcome. We will wait for the price to remain above the 20-day EMA before another recommendation.

XRP / USD
XRP does not receive any interest from buyers. Sellers also did not try to break important support at $ 0.275. This may lead to a consolidation around current levels for a few days.

If prices remain below the 20-day EMA, bears are likely to try to break the $ 0.275 again. If this important support is broken, the XRP / USD pair may enter a downtrend, which will be a huge negative.

However, if the price exceeds the 20-day EMA, it may move up to 50-day SMA. On 50-day SMA, XRP can increase to 0.45 USD. Long-term investors can buy at current levels and keep the stop loss below 0.275 USD. This gives them an attractive risk for the bonus rate. However, Swing Trader should wait and only buy when seeing signs of increasing.

Note: the article is for reference only, is not considered an investment recommendation