Yesterday the bears failed to push through the nearest support levels. Will the sellers be able to continue today?pressing?
BTC / USD
BTC price managed to consolidate in a narrow range yesterdayconsolidation below the upper border of the orange corridor. In the evening, sellers tried to resume the decline of the pair and pierced the lower border of the range, but the 38.2% Fibo level (9441.98 USD) was able to keep the price from further rollback.
During the Asian session, buyers began to restore the price and in the morning they left the orange support zone, trying to break through the two-hour moving average EMA55 (9800.00 USD).
If today buyers overcome the resistance of the lower trend line of the ascending channel, then the recovery may continue within this green corridor.
If the bulls can't overcome thisresistance and the BTC price rolls back into the orange corridor, then such dynamics may call into question the continuation of growth to a new annual maximum in the region of 10600.00 USD. A fall in the BTC price below the support of 9200.00 USD will force us to abandon the continuation of the bull run in the near future.
ETH / USD
Yesterday afternoon, sellers became more active and increased sales volumes, but they were unable to organize an intensive decline in the price of ETH.
The couple returned to their previous state last night.level and is again trying to gain a foothold in the purple corridor. A bullish breakout of the upper boundary of the purple corridor will mean a continuation of the bullish run and a quick re-test of the psychological level of 300.00 USD.
If the pair does not manage to gain a foothold in the side corridor and the bears can push through the support of 233.00 USD, then in the near future the topic of continued growth will lose its relevance.
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XRP / USD
Yesterday, sellers continued to put pressure and broke through the lower border of the ascending green channel, but support at 0.266 USD was able to keep the pair from falling to the POC line area (0.236 USD).
Tonight, buyers returned the XRP price to the green corridor and will try to restore the pair to the average price area during the day.
If the resistance of the two-hour moving average EMA55 cannot be overcome, the price will seek support at 0.280 USD to consolidate in consolidation.
* All price values are based on data from the BitStamp exchange
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