Yesterday morning, trading volumes were below average and the price of bitcoin was stuck in the resistance area of ??9300.00 USD. Sellers tried to push the price to the two-hour EMA55, but buyers were able to form a bullish momentum and broke a key resistance of 9300.00 USD.
In the afternoon, the pair tested the 38.2% Fibo level (9441.98 USD) and set a daily maximum around 9480.00 USD. The BTC price could not stay in the maximum zone and rolled back slightly below the level of 9400.00 USD.
At night, buyers tried to continue growth, but small volumes of purchases no longer allowed the price to break through the 38.2% Fibonacci level, and in the morning the pair rolled back to the area of ??9360.00 USD.
Today, buyers will again try to update the July maximum, and if they manage to break through the resistance of 38.2% Fibo (9441.98 USD), then the next maximum is possible in the area of ??9600.00 USD.
At medium volumes, it will not be possible to continue growth, and then a couple of honey mushrooms will be stuck in a narrow consolidation. In this case, even a weak bearish impulse will be able to roll back the price to support the two-hour EMA55.
ETH/USD
Yesterday, the bulls were able to increase the volume of purchases and the price of Ethereum continued to rise. In the afternoon, the pair broke through the resistance of 247.00 USD and updated the July maximum near the level of 249.00 USD, but by the end of the day the volume of purchases fell significantly and the pair rolled back to the POC line (243.25 USD).
Today, in the Point Of Control area, the ETH price decline has stopped and buyers will try to continue to grow. If the bulls again overcome the line of 247.00 USD, then they will be able to update the maximum of the last month 253.43 USD, which was set in early June. We believe that today a summer maximum is possible in the region of 256.00 USD.
If buyers can not cope with the resistance of 247.00 USD, then the pair can go into medium-term consolidation on the POC line. At the same time, the level of 233.33 USD will be quite reliable support from a deep pullback.
XRP/USD
Yesterday, the bulls repeated a powerful onslaught and pierced the POC line (0.203 USD). July maximum is fixed at 0.207 USD. Until the end of the day, the pair rolled back below the support of 0.200 USD, but this psychological level was able to keep the XRP price from further decline, and in the morning, buyers restored the pair to the Point Of Control line (0.203USD).
Today, buyers will try to continue to grow to the resistance of 0.213 USD.
If it is not possible to increase the volume of purchases, then with low activity of market participants, the pair will be in consolidation on the POC line (0.203 USD), and the psychological level of 0.200 USD will be the lower border of the side range.
- The given material for orientation objectives!
- I shall forgive for my English - I use the translator!)
