Last weekend, trading activity was low, and two days the pair spent in flat. Today some price reduction will resume.
BTC / USD
At the weekend, market activity was low and the pairwas in a flat near the mark of 8500.00 USD. Yesterday, an attempt was made by buyers to recover to the four-hour EMA55, but growth was not supported by volumes, and this morning the pair again returned to a narrow range of consolidation under resistance eight and a half thousand.
Consolidation Todaywill continue in the same corridor, however, we believe that soon the price will smoothly move to another side corridor, with a wider range of consolidation. Its upper boundary is approximately at the level of the line Point of control (8172.34 USD), and the lower border is a 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 line Control points (183.34 USD). Further recovery of the pair limited resistance at 186.00 USD.
Today the couple continues to consolidate inlateral range at the four-hour moving average EMA55, and during the day may gradually fall into the range indicated by two yellow dashed lines of $ 176 - $ 180.
XRP / USD
On Sunday, there was no pressure from the sellers, and the price of XRP consolidated above the support level of 0.260 USD. Buyers do not yet have the strength to recover in the region 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 exchange