Last weekend, the activity of market participants remained low. On Saturday, buyers again tried to overcome the two-hour EMA55, but the growth was not supported by volumes, and on Sunday the price of bitcoin returned to its previous level. Slow sliding to the weekly low point led to its updating to the level of 8905.00 USD.
By the beginning of this week, the pair has recovered to the average price range and today the flat movement will continue within the lateral corridor, the borders of which were slightly expanded over the past weekend.
In the near future, for the bulls, as before, an important goal is to break through the resistance of 9300.00 USD, which opens up growth prospects to the area of ??9800.00 USD. However, if a major buyer does not support the growth, then this week the BTC price may return to the downward orange corridor to support 8600.00 USD.
ETH/USD
On Saturday, the price of Ethereum was in lateral consolidation, and by the end of the day the pair broke through the average price level and set a local maximum around 230.00 USD. However, growth was not supported by volumes and on Sunday sellers gradually pushed aside the price to support 100% Fibo (222.98 USD).
One hundred percent Fibonacci level was limited by the weak bearish onslaught and earlier this week the pair will be able to continue moving in the lateral range in the area of ??the two-hour EMA55.
In the medium term, buyers will be aimed at breaking the resistance of 233.33 USD and re-testing the boundary at 247.00 USD, and the task of the bears will be to break through the June low zone and lower the price to the psychological mark of 200.00 USD.
XRP/USD
At the weekend, trading volumes on Ripple significantly decreased, and the pair could not break out of the weekly lateral range, the upper border of which is indicated at the level of 0.180 USD, and the lower passes around the 0.175 USD mark.
In the near future, the target level of buyers will be an orange resistance of 0.190 USD, and bears can return the price to the purple downward channel if they break through a fairly strong support at 0.170 USD in the first half of the week.
- The given material for orientation objectives!
- I shall forgive for my English - I use the translator!)
