Yesterday morning, the maximum around 12,300.00 USD was set on medium volumes. In the second half of the day, after a slight pullback, the growth continued, and the bulls increased their volumes significantly. An explosive impulse in volume broke through the annual high of 12473.00 USD, which was set in August, and by the end of the day, buyers renewed its value around 12900.00 USD.
The bulls continued their race tonight, setting an annual record for Bitcoin price at 13235.00 USD. In the morning, the volume of purchases began to decline rapidly and the price returned to the area of ??yesterday's high.
On the daily time frame, you can see how the bitcoin price is trying to return to the blue upward channel, but so far it cannot gain a foothold in it. In this case, weak support can be the previous level of the annual maximum of 12473.00 USD or even less reliable psychological level of 12000.00 USD.
If we see that the rollback stops at these levels, then by the end of the week the pair can consolidate in the ascending channel above the 61.8% fibo level (13346.30 USD). And this is already the maximum zone of 2019. Here, one could count on more powerful support for this Fibonacci level, which at the end of 2017 and the beginning of 2018 kept the price from falling for a long time.
ETH/USD
Lost for a while, the direct correlation between Ethereum and Bitcoin recovered yesterday. Ether price supported the growth of the cryptocurrency flagship and with great difficulty overcame the resistance of 380.00 USD. In the afternoon the growth was more dynamic - in the evening the bulls were able to test the psychological level of 400.00 USD.
Tonight, the ETH price renewed its October high at 402.00 USD, but the pair failed to gain a foothold above the psychological mark of four hundred dollars.
In the morning the price rolled back to the 395.00 USD area, but there is no reliable support in this area. Basically, the closest support level could be the POC line (384.40 USD), but it is not clear whether it will be able to stop the rollback. If buyers find support in the area of ??the Point Of Control indicator line, the growth may continue to the blue trend line, approximately to the level of 420.00 USD.
XRP/USD
Yesterday buyers were able to overcome the resistance of 0.250 USD, but until this morning they did not manage to test another, more important level for growth (0.260 USD).
The pair failed to renew the monthly high and, in fact, has been within the wide sideways range of $ 0.230 - $ 0.260 for more than seven weeks.
If today the bulls can overcome the powerful resistance of 0.260 USD, then by the end of this week the growth will continue to the level of 0.280 USD.
- The given material for orientation objectives!
- I shall forgive for my English - I use the translator!)
I wish you successful trading!
