Last Saturday, the bitcoin price rolled back to the area of 18,500.00 USD, but this level could not keep the price in consolidation and the pair continued to decline.
On Sunday, BTC price tested support at 17600.00 USD and bounced above the hourly EMA55 level. Tonight, sellers tried to push the price back to the 18000.00 USD mark, but in the morning, buyers restored the pair to the average price area.
If today we manage to gain a foothold above the moving average EMA55, then growth may resume to the level of 19000.00 USD..
ETH/USD
On Saturday, the green trend line provided support to the Ethereum price, and buyers were able to continue to grow until the end of the day, consolidating above the 540.00 USD mark. On Sunday night, the bulls tried to continue the run, but sellers formed a bearish momentum, which pierced the support of 520.00 USD.
When the volume of sales decreased, buyers quickly restored the price to the previous level, and tonight renewed the annual maximum around 580.00 USD.
The last time the ether price consolidated around the 600.00 USD mark was in the summer of 2018. If this morning the bulls break through the resistance of 580.00 USD, then the growth may continue to a new annual high around the 610.00 USD mark.
If the price fails to break through the high zone, then the pullback will bring the pair back to the support of 520.00 USD.
XRP/USD
Over the weekend, the explosive growth of the Ripple price continued, and the pair broke through the level of 0.400 USD, setting a new annual high at 0.497 USD.
Sellers tried to take advantage of the price surge and held sales, as a result of which the price was brought down to the level of 0.400 USD. However, the bears failed to push the pair below this support.
Buyers are trying to restore the price to the area of ??the annual high this morning, but the volume of purchases is still quite low, and the pair is stuck around the 0.460 USD mark. If the bulls intensify the onslaught, then they can break through the psychological mark of 0.500 USD, above which they failed to gain a foothold in June 2019.
- The given material for orientation objectives!
- I shall forgive for my English - I use the translator!)
I wish you successful trading!
