Yesterday morning, the BTC price rolled back to the hourly EMA55. Sellers were able to pierce the support of the moving average, but it withstood the bearish onslaught and turned the pair into recovery.
Before the end of the day, buyers were able to return the pair to the area of ??the 19500.00 USD mark, however, it still fails to gain a foothold in the weekly high zone. Bitcoin price fell back into the mid-range tonight.
We expect support from the POC line this morning. If buyers are able to reverse the pair in the area of ??the Volume Profile indicator line, then by the end of the day the bulls will try to gain a foothold above the 100% fibo level (19666.00 USD).
ETH/USD
Yesterday, the moving average EMA55 kept the price of ETH from a deep pullback throughout the day. In the evening, buyers even managed to restore the pair above the POC line, but tonight the price returned to the support of the hourly EMA55 again.
If sellers push through this level of average prices, the pair will continue to decline to the support of 560.00 USD.
XRP/USD
Yesterday sellers pressed the price of Ripple throughout the day and achieved a decline in the pair to the level of 0.450 USD.
Tonight the pair marked a monthly minimum at 0.437 USD and is trying to consolidate in the support area of 0.444 USD. If the bears push through this weak support level, then the decline will continue to the 0.400 USD area.
If consolidation continues in the area of weak support this morning, buyers will restore the pair to the area of average prices by the end of the day.
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I wish you successful trading!
