This morning, the decline is expected to continue, but at the end of the day, the pairs are consolidating in a sideways range.
BTC / USD
Yesterday afternoon, the bears knocked the BTC price out of the narrow consolidation corridor and rolled the pair back to another, wider yellow sideways range.Sellers broke through its upper border and marked a low at 8010.70 USD.
By the end of the day, the price rebounded to support the linePoint Of Control (8172.34 USD) and consolidated all night over this level. This morning, bears can push this support level and try to test the lower border of the yellow corridor.
We believe that at the end of the day, the pair will still manage to stay within the designated sideways range.
ETH / USD
Yesterday morning, the pair consolidated at the level of the four-hour EMA55.During the day, bearish pressure forced the price of ETH to fall into a range limited by the yellow dotted lines of $176 – $180.
In the evening, a strong bearish impulse broke through the lower border of this range, and after a low at 174.15 USD, the price of ether returned to a sideways range.
Today, seller pressure may continue andthey will try to push support at 176.00 USD. If this can be done on average volumes, then the next minimum should be expected in the area of 172.00 USD, but at the end of the day the pair may return within the dotted yellow corridor.
XRP / USD
Yesterday, sellers were able to increase volumes and pushed through the blue trend line.The momentum was so strong that the bears managed to break through the support of 0.252 USD and fix a low at 0.240 USD.At night, the price returned to the support level of 0.252 USD and is trying to gain a foothold in consolidation.
This morning the pressure of the bears may increase and the pair will continue to decline to yesterday's low.
* All price values are based on data from the BitStamp exchange