related article: He was bullied at school but now lives a lavish lifestyle thanks to trading in Bitcoin and other cryptocurrency
Buyers may continue to grow until the end of this week, but rollback from the annual zone is expected soon. highs.
BTC / USD
Yesterday the bulls were finally able to break throughresistance 8800.00 USD and renew the annual maximum. The new maximum value is set in the region of 9015.00 USD, which is slightly below our forecasted level of 9100.00 USD.
related article: Australian investor bought a 2,800sqm property in Charleville with money he earned by innovative financial tool
The rollback value was determined more accurately. The level of 8800.00 USD kept the pair from further drawdown and tonight the pair again tried to repeat the re-test of the psychological mark of 9000.00 USD.
Now trading volumes have significantly decreased andthis morning the pair is starting to consolidate at 8800.00 USD. For more than two weeks now, the watch EMA55 looks quite strong support for the price of BTC. We believe that today it will also reliably hold the pair from a drawdown to the area of 8500.00 USD.
If buyers continue to grow with low trading activity, by the end of the current week the pair may test the area of 9200.00 USD.
ETH / USD
The bulls broke through the resistance level 61 yesterday morning.8% Fibo (168.70 USD) and set a new annual maximum at 174.30 USD. The rollback from the maximum zone stopped only in the area of the hourly moving average EMA55.
On declining volumes, buyers tried to continue to grow, but this morning it is not possible to gain a foothold above the 61.8% fibonacci level.
During the day, attempts to consolidate in the maximum zone will continue. However, a resistance re-test of 176.00 USD may trigger return sales and a decrease in the price of ETH to support 160.00 USD.
XRP / USD
The price of Ripple yesterday could not update the annual maximum. At the end of the day, the pair turned around around 0.244 USD and overnight rolled back to the support of 0.232 USD.
Now in this area the decline has stopped and weWe expect that by the end of the week the pair will be able to test the resistance of 0.252 USD. However, a re-test of this reversal level may lead to a deeper rollback to the support area of 0.220 USD.
* All price values are based on data from the BitStamp exchange