Yesterday, the bitcoin price consolidated for a long time at the level of 10500.00 USD, but in the afternoon, sellers intensified the onslaught, and late in the evening the pair pierced the support of the POC line (10277.42 USD).
At night, the price bounced back to the Volume Profile indicator line, so the bears had not yet had time to test the psychological level of 10000.00 USD.
The rate of decline in the BTC price is gradually slowing down. It is possible that the pair will spend the whole day in consolidation on the Point Of Control line (10277.42 USD). Buyers will again get a chance to test the “ten and a half” level, but before the end of this week, the decline will continue to support at 9800.00 USD.
ETH/USD
Sellers resumed pressure yesterday and the Ethereum price pierced the support of 320.00 USD. The sales did not exceed the volume of Monday, so the bears did not manage to update the monthly minimum, which was set on September 5 at the level of 309.00 USD.
The pair's decline stopped at the point of 313.00 USD, and bounced overnight to the level of 320.00 USD. If buyers manage to continue to rise this morning, they will test the 2-hour EMA55.
We believe that the pair will not be able to break above the average price level, and at the end of the week the decline will continue to the psychological level of 300.00 USD.
XRP/USD
Yesterday in the second half of the day, the sales volumes began to increase and late in the evening the bears managed to break through the support of 0.230 USD. At night, the XRP price renewed its September low at 0.220 USD, and in the morning the pair halted its decline, recovering to the 0.224 USD mark.
If buyers try to continue the recovery, it will be capped at 0.230 USD. We believe that soon the Ripple price will continue to decline to the support of 0.213 USD.
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I wish you successful trading!
