Yesterday's bullish breakout attempt failed. Today, bears can continue the pressure.
BTC / USD
Yesterday, the price broke through the resistance of the hourly levelEMA55 and set a local maximum around 8475.00 USD. The pair failed to gain a foothold under the resistance of 8500.00 USD. A strong bearish impulse drove the price below the POC line before the end of the day.
The rebound from the low point (8132.91 USD) was not high. Buyers were able to stabilize the price in the range of $ 8240 - $ 8310. Further recovery is hindered by the four-hour moving average EMA55.
Today, buyers will not be able to overcome this level of average prices and the pair will slowly continue to decline to the area of 8000.00 USD.
ETH / USD
On Sunday, buyers tried againbreak through to the resistance of 186.00 USD. The price hardly broke through the level of the EMA55 hourly and was unable to reach the target mark. U-turn on the decline took place around 184.00 USD. Until the end of the day, the pair tested the support of 180.00 USD.
During the night, the pair recovered slightly, but we believe that the level of average prices will limit the restoration of ether and today the price will roll back to the line Control points 177.93 USD.
XRP / USD
Yesterday, buyers managed to pierce the levelresistance 0.280 USD, but the price could not fix above this level until the end of the day. At the end of the week, under the pressure of the bears, the price dipped below the hourly EMA55.
However, the bulls still do not give up this weekstart with a breakout of resistance of 0.280 USD. Buyers consolidated their position on the bridgehead near the 0.283 USD mark with the aim of re-testing the lower border of the yellow corridor (0.290 USD).
We believe that this strong resistance will deploy the pair to decline. And we determined the level of support in yesterday’s review - by the end of the week the pair may roll back to around 0.260 USD.
* All price values are based on data from the BitStamp exchange