At night, the market slowed down in consolidation, but soon the decline will continue.
BTC / USD
Yesterday in the morning, market makers still could not resist the temptation and organized a false bullish breakthrough. The price began to rise in the resistance area of 8900.00 USD, but turned at a maximum at 8820.00 USD.
The fall was swift, werelarge volumes are involved. The BTC price broke through the support of 8500.00 USD, and slowed down the decline only in the area of the watch EMA55. In the evening, the pair managed to consolidate a little in the support area of 8300.00 USD, and at night the price reached a local minimum at 8222.88 USD.
For some time the bears stopped the pressure,trading volumes decreased, and the price will be in flat. We believe that until the end of the week the decline will continue below the psychological mark of 8000.00 USD.
ETH / USD
Yesterday, BTC reacted to a provocative jerkprices of almost all cryptocurrency assets. The price of Ethereum showed the greatest correlation and in the morning jumped to a monthly maximum in the area of 198.00 USD, and a strong bearish impulse rolled the air to the area of 180.00 USD.
After a local minimum at around 178.91 USD buyers stopped the price decline, and the pair was able to recover slightly. On small time frames, indicators entered the oversold zone. It seems that in the first half of the day the price will gain a foothold in its current flat positions.
Toward evening, a resumption of decline is expected to the area of 174.00 USD. In the near future, the price of ETH may reach support of 61.8% Fibo (168.70 USD).
XRP / USD
The pair XRP / USD yesterday reacted weakly to the bullishImpulse BTC / USD. The price of Ripple, which was located around 0.270 USD, tested the level of EMA55, and then rolled back to the low point of 0.265 USD.
Before lunch, the couple managed to stabilize andconsolidate in the consolidation of 0.270 USD. The moving average EMA55 has shifted to the same area. Buyers can take advantage of her support and continue some recovery.
However, until the end of the week, the decline will continue and will reach the support of 0.065 USD.
* All price values are based on data from the BitStamp exchange