Nervousness in the market is increasing, there is a high probability of a sharp increase in volatility
BTC / USD
Yesterday morning on small volumes, buyers could not overcome the level of average prices, and the pair rolled back to the lower border of the range (8240.00 USD), which has stopped seller pressure since the middle of last week.
After lunch, the market situation changed. Trading volumes rose sharply, trading began to proceed nervously. The bullish momentum returned the pair to the level of average prices, and, despite the bearish response, the pair still managed to gain a foothold at the level of the EMA55.
If today buyers hold above the support of this moving average, then a re-test of 8500.00 USD is possible. Will buyers continue to grow this week?
If the bull attack is supported by large volumes, then the impulse strength can break through the resistance of 8900.00 USD and update the October maximum in the region of nine thousand.
If the bears sell the level of 8240.00 USD, then with each approach of the price to the support of 8100.00 USD, the prospect of rapid growth will lose the chances of realization. The bullish breakout will lose its relevance after a re-test of the psychological level of 8000.00 USD.
ETH / USD
Yesterday, the restoration of the air suspended onSentinel EMA55. However, buyers were able to gain a foothold at the level of average prices and continued to recover. A strong bullish momentum broke through the resistance at 186.00 USD. At night, the maximum is set at around 188.00 USD.
If today bears sell hourly movingaverage EMA55, then the price of ether will return to the support of 180.00 USD. If, at the average price level, buyers can seize the initiative, then there is a weak chance of continued growth.
XRP / USD
Yesterday, trading volumes on Ripple exceeded the average level. Bulls before lunch were able to re-test the lower border of the yellow range, which until the evening kept the price below the level of 0.290 USD.
At night, another bullish momentum struck this strongresistance and tested the middle line of the yellow corridor (0.300 USD). The middle line of the range used to act as resistance and often beat the price to the lower limit of the range.
We believe that now the lower border will work to keep prices in the lateral range.
* All price values are based on data from the BitStamp exchange