Yesterday, during the day, trading volumes were at an average level and the price of bitcoin continued to move in a narrow lateral range with resistance at around 9800.00 USD.
Late at night, buyers managed to increase volumes, and the price pierced the level of 9800.00 USD, briefly jumping to the mark of 9900.00 USD. At this point, the sellers formed a bearish impulse and tried to fail the market below 9500.00 USD. In just a couple of minutes, the BTC price fell to around 9566.00 USD, but then quickly recovered to the level of average prices. Trading volumes declined, and until morning consolidation in a narrow sideways continued.
Today, on small volumes, the price may go down to the POC line (9531.90 USD), but I believe that soon buyers will be able to break through the resistance of 9800.00 USD and gain a foothold above the psychological level of 10,000.00 USD. It is possible that already this week the price of bitcoin will be able to update the annual maximum in the area of ??10,600.00 USD.
ETH/USD
The nightly surge in cryptocurrency flagship price volatility caused unpleasant nervousness in the altcoin market as well. Tonight, after the price of Ethereum pierced the resistance of 247.00 USD and tested the level of 250.00 USD, the bears formed such a powerful impulse that they broke through the support of 100% fibo (222.98 USD) and noted a deal at a price of 215.00 USD. A single impulse could not spill a rather thin market and the price immediately returned above the two-hour EMA55.
Today, the ETH / USD pair will continue to consolidate for a while in a narrow range, in the area of ??average prices. During the day, a drawdown to the area of ??233.00 USD is possible. However, we believe that soon, the price of ether will be able to break through the resistance of 247.00 USD and continue to grow to the lilac zone of $ 265 - $ 275.
XRP/USD
Yesterday, the Ripple price calmly consolidated all day right at the two-hour EMA55 level, and at the Asian session it experienced a shock, falling into the purple down trend corridor in a matter of minutes. A fairly large deal of bears was held at a price of 0.171 USD. Support of 0.170 USD limited the bearish momentum and the pair returned to its previous level, in the area of ??average prices.
Today, the price of Ripple may go down to the support of 0.200 USD, but soon the growth in the resistance area of ??0.213 USD will resume and maybe this week the pair will be able to gain a foothold in the area of ??0.220 USD.
- The given material for orientation objectives!
- I shall forgive for my English - I use the translator!)
