The opinions and opinions expressed here are solely those of the author and do not necessarily reflect the opinions of Cointelegraph.com. Every investment and trading move carries risks, you should conduct your research when you make a decision.
Market data are provided by the exchange HitBTC .
Fatfish Internet Group CEO Kin-Wai Lau believes that a Bitcoin exchange fund (ETF) could be a reality within "a couple of months". However, industry experts are divided on whether or not a Bitcoin ETF is needed.
The Securities and Exchange Commissioner (SEC) Hester M. Peirce, the only official to express dissent over the ETF proposal recently rejected by the SEC Winklevoss twins, believes that an ETF could institutionalize the Bitcoin market and bring greater transparency in cryptocurrency trading.  A Wells Fargo / Gallup survey conducted among US investors found that 75% of participants consider Bitcoin to be a "very risky" investment, while 23% consider it "rather risky". This shows that an SEC-approved ETF could attract numerous new Bitcoin investors.
If investors follow the right principles, digital currencies can also be traded to manageable levels of risk, as we have done in recent months. We only suggested reliable configurations, advised to reserve partial profits at regular intervals and exceeded the highest stops to minimize the risk to our readers wherever possible.
However, no forecast is 100% correct, so traders should close positions at the recommended stop loss and protect capital.
BTC / USD
Bitcoin looks tired. He broke the small uptrend line, which shows that the bullish momentum is weakening.
A failure to exit the $ 8,566.4 line is likely to return to record levels of $ 7,750. The 20-day EMA is close to $ 7,600 and is Therefore, we expect strong support in the $ 7,600 – $ 7,750 range
Therefore, we suggest keeping the $ 7,400 stop loss on the remaining positions started at $ 6,650. The BTC / USD pair will gain momentum above $ 8566 , 4.
ETH / USD
Ethereum failed to exceed the 50-day SMA over the past six days, resulting in a liquidation of long positions held by traders, which pushed prices below trendline support 
The ETH / USD pair can now move to the next support line at $ 440 and below that at $ 404.99. This brings the widest range of $ back into play. 404.99 – $ 496.36.
The digital currency will gain momentum only at a breakout and will close on the $ 500 mark.
We recommend keeping the long position with the stop loss at $ 400.  XRP / USD
Not much has happened on Ripple in the last nine days since it has been stuck in a range restricted by $ 0.435 – $ 0.47.
The XRP / USD will make a directional move only on a breakout or a break of the wide range of $ 0.4242 – $ 0.51978
Although we like positive divergence on CSR, we will have to wait for the return of purchases before proposing any transaction on
BCH / USD
Moving averages completed a bullish crossover and the 20-day EMA provides support to Bitcoin Cash since July 20. This confirms the moving average as a strong support  BCH / USD "src =" https://s3.cointelegraph.com/storage/uploads/view/8447278c78d51aa3cf70b3270236f87f.png "title =" BCH / USD "/>
On the upside, the downtrend line continues to act as a strong resistance. The BCH / USD pair will break above the downtrend line or analyze the 20-day EMA over the next two days.
If it breaks out, the zone between $ 880 and $ 934 will continue to behave like a strong resistance. In case of failure, the supports are at $ 670 and $ 745.
We suggest traders to maintain their existing long position but to follow the stops at $ 740. We reduce the risk.
EOS / USD
The 20-day EMA is flat and even the 50-day SMA is flattening. Both indicate a continued consolidation of EOS in the $ 6.8926 to $ 9.4456 range.
The EOS / USD pair it should now fall to $ 7.7 and then to the bottom of the range at $ 6.8926. An analysis from the range will be a negative development, which may result in a deeper fall to $ 5.1 and in addition to $ 4.3396.
We will become bullish on the virtual currency on a breakout and close above the range.The upward targets will be $ 11996 and subsequently $ 15. Therefore, we keep the purchase call on July 25
LTC / USD
After failing to exit the $ 91 level on July 24th and July 25th, Litecoin fell to the lower limit of the restricted range of $ 80- $ 91. A break at this level will plunge prices on the bottom of a wider range between $ 74,074 and $ 91,146.
The LTC / USD pair is forming a nice base model and will become positive once it blew out of $ 91,146 and beyond above it for three days.
On the downside, any interruption of the $ 74 line will be a negative development and may result in a decline to $ 57.
There is no trade in the cryptocurrency as long as it remains within the range. We could start a long call for a break outside the range of action.
ADA / USD
Cardano seems weak. He was unable to reach the downtrend line of the descending triangle. It has a strong support near $ 0.153 from the horizontal line and 50-day SMA.
The digital currency shows the first signs of recovery if it exits the downward line of the descending triangle and becomes positive only above $ 0.181617. Both moving averages have flattened, increasing the probability of forming a range.
XLM / USD
Stellar did not find buyers above $ 0.32 and refused, falling below the uptrend line, can now correct the 20-day EMA, which should serve as strong support.
If the digital size is rebound 39; EMA of 20 days and recovers over $ 0.32, will repeat the $ 0.36 level again.
A 20-day EMA break can sink the XLM / USD pair to the next support at $ 0.2544. Therefore, investors can maintain their stop loss on existing long positions just under the 20-day EMA.
IOTA / USD
IOTA failed to exceed 20 days in the last four days. This increases the probability of a critical support fall to $ 0.9150.
Digital currency has formed a descending triangle pattern, which will complete on a break and close below $ 0.9150. If bears break below the June 29th low at $ 0.8851, the IOTA / USD pair may slip to $ 0.666 and fall below $ 0.5721
Therefore, we suggest traders to record a loss on 50% of their existing long position at current prices and to keep a rest on the remaining position at $ 0.8850.
The first sign of change trending will be indicated when the virtual currency is kept above the downtrend line of the triangle Until then, all rallies will be sold.
TRX / USD
Tron broke out from the downtrend line the 29 July, but the 50-day SMA on a closure could not be reduced (fr time periods UTC). This is the second time that digital c urrency has decreased compared to 50-day SMA, which makes it critical environmental resistance.
The TRX / USD pair is currently trying to get support for the downtrend line and the 20-day EMA.If this support breaks, stop the next is at $ 0.03275
The digital currency will pick up momentum only after passing the 50-day SMA. We do not find any reliable purchase configuration now, so we are not suggesting a trade on it.  Market data is provided by the HitBTC exchange Analyzes are provided by TradingView.