Will cryptocurrency prices fall on Black Friday?
BTC / USD
Yesterday morning, the BTC price started smooth Rollback from the recent high of 7676.27 USD to the support of 7400.00 USD.
In the evening, buyers attempted to continue.recovery, but the bullish momentum was so weak that it did not allow the price to update the weekly maximum. At night, the volumes decreased and the pair returned to the support of 7400.00 USD.
It is possible that today bulls can takeAnother attempt to restore the price. We believe that in the medium term, the target bull level may be in the blue range of $ 8000 - $ 8160.
However, one should take into account the overheating of the market in short time frames. Before the bulls reach the target level, sellers can push support at 7400.00 USD.
ETH / USD
From a weekly maximum of 153.42 USD The price of Ethereum fell yesterday to the hourly moving average EMA55, which kept the pair from further decline. From the level of average prices, the bulls made a weak attempt to update the maximum, but did not succeed. During the night, the price again rolled back to the hourly EMA55.
This morning, the price of ETH is balancing at 50%Fibo (151.94 USD). Who will dominate the market today is not yet clear. Bulls can continue to recover to the area of the mark of 162.00 USD, and sellers have good chances to sell support for the POC line (151.05 USD) and roll the pair to the area of 146.00 USD.
XRP / USD
Buyers yesterday could not overcome the resistance level of 0.230 USD. The volume of purchases barely reached the average level, and when they decreased, the pair immediately rolled back to the area of yesterday's consolidation.
Today, buyers can make another attempt to break the resistance level of the four-hour EMA55. If it is successful, then the maximum is possible in the area of the downtrend 0.240 USD.
If sellers increase pressure, the price will sink a little deeper, to the support of 0.217 USD.
* All price values are based on data from the BitStamp exchange