Over the past weekend, the bitcoin price managed to pierce the resistance of 9200.00 USD several times, but only this morning, buyers managed to gain a foothold above the two-hour moving average EMA55.
Trading volumes are still at a low level, but if buyers increase their purchases, then a re-test of resistance at 9300.00 USD is possible. Strong bullish momentum will allow the breakout of this key level and test the dotted blue local uptrend line.
It will not be possible to break through USD 9300.00 on small volumes, and then the pair will return to support the level of average prices.
ETH/USD
On Saturday, buyers tried to break above the average price level. On small volumes, they managed to pierce the two-hour EMA55, but on Sunday the ETH price rolled back to the support of 233.33 USD.
In the Asian session, the bulls formed an impulse slightly exceeding the average in terms of volume and broke through the EMA55 moving average. This morning, when volumes have contracted, the pair is trying to gain a foothold in the blue side channel, using its lower border (238.00 USD) as support.
If during the day buyers manage to break through the upper border of the sideways range (242.00 USD), the recovery may continue to the resistance of 247.00 USD. The most likely is the fixation of the ether price in the blue sideways channel, in the area of ??the POC line.
XRP/USD
Last Saturday, buyers consolidated above the average price level and pierced the resistance of 0.200 USD. On Sunday, trading volumes decreased and the pair rolled back to the two-hour EMA55.
The market remained thin tonight and buyers could not overcome the psychological level of 0.200 USD. If the volume of purchases increases during the day, the price will test the POC indicator line (0.203 USD).
I believe that by the end of the day the pair will be able to consolidate in sideways consolidation in the area of ??the Point Of Control line (0.203 USD).
- The given material for orientation objectives!
- I shall forgive for my English - I use the translator!)
