Yesterday morning, the rollback stopped and buyers were able to return the market above average prices. Today, in this area, the market will consolidate in consolidation.
BTC/USD
Yesterday morning, the price of bitcoin indicated a local minimum at the point of 9053.14 USD and rebounded to the area of ??the mark of 9150.00 USD. During the day, the pair slowly recovered and by the end of the day reached the level of average prices, which slowed growth.
At the Asian session, it was not possible to significantly increase the volume of purchases, but buyers were able to overcome the two-hour EMA55 and test the resistance of 9300.00 USD.
We believe that in the near future, this level of resistance will keep the pair in short-term consolidation. The lower limit of this range may be the level of a two-hour EMA55.
If at the weekend the activity of market participants remains at a low level, then until the end of the week the pair will spend flat on the POC indicator line.
ETH/USD
Yesterday morning, the bears sold a two-hour EMA55, but could not test the support of 233.33 USD. The pair quickly recovered to the average price range and fixed above the moving average EMA55.
At the moment, trading volumes are low, and the price of ETH cannot yet continue to recover. If buyers do not activate, then in such a thin market, the pair will not be able to overcome the resistance of 247.00 USD.
We believe that before the end of the week the efforts of the bears will be limited to the support of 233.33 USD.
XRP/USD
Yesterday, in the morning, the bears tested the level of average prices, which stopped the decline and allowed buyers to restore the pair to the psychological mark of 0.200 USD.
Tonight, the price of Ripple overcame resistance of 0.200 USD and in the morning tested the POC line (0.203 USD). Now the trading volumes are below the average level, and in the near future consolidation in the area of ??the Point of Control line (0.203 USD) may continue.
We believe that by the end of the week the level of 0.200 USD will be able to keep the pair from deep pullbacks, and the target level of bulls, as before, remains the resistance of 0.213 USD.
- The given material for orientation objectives!
- I shall forgive for my English - I use the translator!)
