Perhaps the bulls will reduce activity over the weekend, and the couples will spend the rest of the week in flat.
BTC / USD
Yesterday In the morning, BTC price recovery continued. In the afternoon, the sellers attempted to break the break above 7600.00 USD, but the bearish impulse to the EMA55 was quick and after all the stop orders were collected, the recovery continued. The weekly maximum is set at around 7870.00 USD.
Toward night, trading volumes declined and,rolled back from the maximum, the pair settled in a narrow consolidation at the level of 7750.00 USD until the morning. Thus, the bulls came close to the target growth range of $ 8,000 - $ 8160, but will they be able to test it today?
On an eight-hour chart, the price of BTC rests onthe moving average is EMA55, and the Stoch RSI indicator lines are near the 100% mark in the overbought zone. If in this situation the bulls manage to break through to the target line, then they will have to use some additional reserves.
Otherwise, the couple will spend the weekend in a wide lateral range until the indicators are unloaded.
ETH / USD
Continued Ethereum Price Recoveryit is viewed by the updated weekly maximum around 158.00 USD, but tonight the price again returned below the four-hour EMA55 and consolidated there in a narrow consolidation.
We believe that at the weekend market activity will below and the pair will spend the weekend in the lateral range, relying on the support of the level of 50% Fibo (151.94 USD). Recovery in the area of 160.00 USD may continue from next week.
XRP / USD
Buyers struck with great difficulty yesterdayfour-hour resistance EMA55. It turned out to be beyond their strength to break above the average price level, and the couple entrenched at that level until the morning in narrow consolidation.
If buyers can take advantage of the support of the moving average, the recovery will continue to the area of the blue dashed line (0.240 USD).
However, if the weekend trading volumes are small, the pair will spend the rest of the week in the lateral range of $ 0.220 - $ 0.230
* All price values are based on data from the BitStamp exchange