Last weekend, trading activity was low, and the pairs spent two days in a flat. Today someprice reduction will resume.
BTC / USD
Market activity was low over the weekend and the pairwas in a flat near the level of 8500.00 USD. Yesterday, buyers attempted to recover to the four-hour EMA55, but the growth was not supported by volumes, and this morning the pair again returned to a narrow consolidation range under resistanceeight and a half thousand.
During today's consolidationwill continue in the same corridor, however, we believe that soon the price will smoothly move into another side corridor, with a wider consolidation range. Its upper limit is approximately at the level of the linePoint of control(8172.34 USD), and the lower limit – this is the yellow dotted line at the support level of 7960.00 USD.
ETH / USD
Over the weekend, the price of Ethereum found support at 180.00 USD and recovered just above the lineControl points(183.34 USD). Further recovery of the pair limited resistance at 186.00 USD.
Today the pair continues to consolidate insideways at the level of the four-hour moving average EMA55, and during the day may gradually fall into the range indicated by the two yellow dotted lines $176 – $180.
XRP / USD
On Sunday, there was no selling pressure, and the XRP price consolidated above the support level of 0.260 USD. Buyers do not yet have enough strength to recover to the area of average prices.
Today, sellers will resume attempts to roll back the pairto the area of recent low, to the area of 0.252 USD mark, but for this they will need to increase volumes in order to overcome the support of the downtrend blue trend line. If the increase in sales fails, the pair will continue to consolidate in the support area of 0.260 USD.
* All price values are based on data from the BitStamp