Yesterday morning, buyers stopped the pullback around 36700.00 USD and were able to continue the recovery of the BTC price to the resistance at 40,000.00 USD. In the afternoon, the pair tested this level and rolled back to the support of 38000.00 USD.
Today, in the morning, the decline will continue towards the hourly EMA55, but we believe that buyers can count on support in the area of ??average prices. In this case, the rise in the price of Bitcoin to the January high zone will soon resume, and before the end of this week, the bull run will lead to new historical highs.
ETH/USD
Yesterday, in the morning, the hourly EMA55 stopped the Ethereum price rollback, and the pair's recovery continued to the resistance area of 1200.00 USD. Buyers tested this level in the evening, and set a local maximum at 1255.00 USD tonight.
We believe that after a slight pullback, buyers will be able to continue the recovery of the ether price to a new resistance level, which can be seen around the level of 1280.00 USD.
XRP/USD
Yesterday, Ripple trading volumes were at a low level and the pair's consolidation continued, while the range of price fluctuations narrowed to the two-hour moving average EMA55.
If at the end of this week the cryptocurrency flagship continues to grow, then it will be able to pull the price of Ripple with it. Then the XRP / USD pair will leave the sideways range, limited by the strong resistance at 0.310 USD and test the 0.340 USD mark.
- The given material for orientation objectives!
- I shall forgive for my English - I use the translator!)
I wish you successful trading!
