Yesterday, the market recovery did not receive a proper continuation, and prices got bogged down in the lateral range. What today Can buyers do?
BTC / USD
Yesterday trading volumes decreased and recoverycouples paused. In the morning, the price of BTC was able to stay above the hourly EMA55, and the intrigue with the continued recovery continued. However, already in the afternoon, the pair sank below this level of average prices, but was able to consolidate in a narrow range, above the support of 23.6% Fibo (7026.59 USD).
Thus, if buyers today can overcome the Point Of Control line (7160.88 USD), then they will again try to break through the resistance of 7400.00 USD.
If sellers sell support at 23.6% Fibonacci, then the price of BTC will return to the purple corridor.
ETH / USD
Buyers' activity was low yesterday - they could not decide to storm the resistance of 50% Fibo (151.94 USD). During the day, the price of ETH smoothly rolled back to the area of 143.00 USD.
Today is expected to continue sideways in widea corridor between two fibonacci levels. If it is not possible to increase volumes, then with low market activity, the ether price decline will continue to the lower border of the corridor - 38.2% Fibo (135.17 USD).
XRP / USD
Yesterday, the bears kept the price of Ripple below the levelSentinel EMA55. Only late in the evening, buyers made a desperate attempt to break through to the resistance of 0.230 USD, but the recovery was not supported by volumes, and this morning, the pair again returned below the average price level.
Today, attempts to break through to the Point of Control line(0.230 USD) may happen again, and if they are supported by at least average volumes of purchases, then the pair will be able to consolidate in consolidation in this area. Otherwise, the pair will simply continue its free fall into the zone of the annual minimum of 0.200 USD.
* All price values are based on data from the BitStamp exchange