Price analysis 10/7: BTC, ETH, XRP, BCH, BNB, DOT, LINK, LTC, CRO, BSV

If the bears sink the price below the lower band and the critical support at $308.392, the ETH/USD pair could start a downtrend that may result in a fall to $240. The RSI has been trading below the 50 level for the past few days, which shows advantage to the bears.

A positive sign is that the buyers purchased the dip to the middle band at $0.240 and are again attempting to push the price above the upper band.

If the bulls push the price above the upper band and $0.26, it will increase the possibility of a rally to $0.303746.

The narrowing Bollinger Bands suggest that the price is again stuck in a tight range.

The bulls pushed the price above the middle band on Oct. 6 but they could not sustain the higher levels and the price again dipped back into the lower half of the Bollinger Bands.

If the bears can sink the price below the lower band at $209 and the long-term support at $200, a downtrend to $140 is possible.

Although the pattern target of the bearish setup is much lower, the bulls will try to arrest the decline at $2.60 and below it at $2. The price has been trading in the lower half of the Bollinger Bands for the past few days and the RSI has dropped close to 39, which suggests that the path of least resistance is to the downside.

LINK/USD. Chainlink turned down from the middle band on Oct. 6 and that has kept the price in the lower half of the Bollinger Bands.

If the bulls can push the price above $52.50, the uptrend could pick up momentum and rally to $64. The trend will turn in favor of the bears if they can sink the LTC/USD pair below the lower band at $43.11 and the critical support at $39.CRO/USD. Crypto.com Coin rebounded off the $0.144743 support and turned down from $0.149853 on Oct. 6.

BSV/USD. The upper and lower bands are flat and the RSI is close to the midpoint, which shows that Bitcoin SV is range-bound and is likely to remain so until the bulls push the price above $180 or the bears sink the price below $143.BSV/USD daily chart.