After a pullback to the mid-range, buyers were able to bring the BTC / USD pair back to the recent high. Will the bulls have time to break the 30,000.00 USD mark by the end of this year?
BTC/USD
After updating the historical high, at the beginning of this week, the bitcoin price rolled back to the two-hour moving average EMA55. Around 26000.00 USD, the bulls found support and are trying to continue the race to a new all-time high.
Today the pair may test the level of 29000.00 USD, and by the end of the year the bulls' target level is most likely the level of 30,000.00 USD.
ETH/USD
The price of Ethereum at the beginning of this week tested the upper border of the ascending green channel, renewing the annual high at 747.00 USD, but sellers did not allow the first time to break through the resistance of the upper trend line and rolled the pair back to 700.00 USD.
Yesterday, the pair fully recovered to the zone of the annual maximum, and today buyers are again testing the upper border of the ascending channel.
If the bulls manage to break through the trend line and get out of the green channel, then in the near future a retest of the 800.00 USD level is possible. The last time the pair was around this mark was in April 2018, and since then the price of ether has never soared so high.
XRP/USD
The Ripple price yesterday tested the 0.170 USD support, renewing the December low at this point.
In the evening, buyers managed to form a bullish momentum and restore the price to the resistance area of 0.260 USD, but over the past night the volume of purchases decreased and the pair returned to the blue channel of $ 0.170 - $ 0.213.
This year, in total, XRP has spent more than three months in this side channel. We believe that the lower border of this corridor will keep the price from further decline by the end of the year.
- The given material for orientation objectives!
- I shall forgive for my English - I use the translator!)
I wish you successful trading!
everyone a happy new year!
see you after the 3rd)
