Today, the completion of sideways consolidation is possible.
BTC / USD
Yesterday the BTC/USD pair continued to consolidate inside range along the POC line (5348.88 USD).
If you look at higher time frames, thenyou can notice that the indicator lines are concentrated in the overbought zone. Further prolongation of the consolidation reduces the chances of a false bullish breakout, increasing the likelihood of an immediate pullback to the lower trend line of the blue descending channel.
In the near future, the amplitude of BTC price fluctuations is expected to narrow and exit the sideways range.
ETH / USD
Yesterday, the ETH price was unable to consolidate above the POC line, but remained in a narrow sideways range at the level of average prices.
Today we can expect the completion of consolidation.The possibility of a false bullish breakout still remains. However, on a four-hour – On eight-hour time frames, indicator lines indicate an upcoming price decline. Yesterday's target level of rollback to the annual minimum zone is still relevant.
XRP / USD
The price of Ripple tried to stay at the level yesterdayhourly EMA55. On average volumes, the XRP price dropped below the moving average several times, but each time it recovered to the area of the equilibrium price on the POC line.
Today it is possible to complete the consolidation process. The probability of the pair rolling back to the annual low zone without a false bullish breakout has increased.
* All price values are based on data from the BitStamp exchange