The exit from yesterday's short-term consolidation may be directed downward.
BTC / USD
Yesterdaythere was no bear pressure.Buyers tried several times to break through the resistance of the four-hour moving average EMA55, but the pair was never able to consolidate above this average price level.
Today trading volumes began to decline, the pairmay begin to slowly slide below the psychological level of 10,000.00 USD. If bearish pressure resumes, they will be able to achieve a re-test of their target level of 38.2% fib (9441.98 USD).
ETH / USD
Yesterday trading volumes decreased significantly, andThe price of ether moved sideways, with a slight decrease. In the evening, the pair rolled back to 212.00 USD, but buyers managed to gain a foothold above the hourly EMA55 level.
If the moving average continues to influence the price of ETH todaysupport, then the pair will again test the resistance of the 100% fib (222.98 USD). We believe that buyers will not be able to gain a foothold above this resistance level. Most likely, a reversal and rollback to the area around 198.00 USD – awaits us here. this is the fair price area where the largest volume of transactions took place.
XRP / USD
Yesterday the pair rolled back to the lower limit of the yellow range, and in the evening fell beyond it.
However, tonight buyers returned the pair to the sideways corridor and during the day the price of Ripple will continue to consolidate near the lower border of this corridor (0.291 USD).
* All price values are based on data from the BitStamp exchange