Will buyers have enough strength today for another bullish momentum?
BTC / USD
Yesterday, the price of BTC was able to hold on above support 8500.00 USD. In the morning, there was some bear pressure and the price dipped below the support level, but by the end of the day, buyers were able to seize the initiative and return it to the area of 8555.00 USD.
This morning, trading volumes decreased significantly and the pair again rolls back to the border of eight and a half.
Technical prerequisites for a re-test of resistance of 8900.00 USD are not yet visible, however, before lowering to the area of 7400.00 USD, market makers could well have realized a false bullish breakout.
On the daily time frame, indicator linesformed a signal to decline. Today, the support level of 8500.00 USD may not be able to withstand the next onslaught of sellers and then we will expect an intensive decline in the support area of 8100.00 USD.
ETH / USD
Ethereum price yesterday could not hold higherthe level of 78.6% fibo (192.57 USD). In the first half of the day, under the onslaught of sellers, the pair rolled back to the area of average prices, and in the second half - buyers unsuccessfully tried to gain a foothold above the level of 78.6% of the fibonacci.
Today, attempts to break through to the resistance of 200.00 USD may be repeated, but if the bears reverse the price and roll back below the hourly EMA55, then a reduction to the area of 180.00 USD is possible.
XRP / USD
Yesterday, the bears did not give a single chance to buyers to test the target mark of 0.290 USD. In the morning, they rolled back a pair below the average price level, and in the afternoon they set a local minimum at 0.266 USD.
Only in the afternoon, buyers were able toconsolidate the price of Ripple in the region of 0.270 USD. Today they will make another attempt to reach the lower border of the yellow corridor. If it works out, then from this level the pair will turn around to decline to the support of 0.260 USD.
* All price values are based on data from the BitStamp exchange