If the price rolls back below the current support level, then bullish target levels for a long time will be out of reach.
BTC / USD
Trading volumes yesterday remained at a very low level, and the BTC price continued to move in the lateral range. The upper limit of the range narrowed closer to the hourly EMA55.
Tonight sellers roll back to the lower end of the range carried away by the game and sold the price below the POC line. In the region of 7166.00 USD, buyers have obvious problems with recovery. If this level does not cope with support, then the price may sink even deeper, to the level of 23.6% Fibo (7026.59 USD). Then we need to talk about the completion of the local uptrend and the resumption of the bearish trend.
ETH / USD
Yesterday, Ethereum price consolidation continued in a narrowing range. Tonight, the price broke through the lower border of this range and rolled back to the area of 144.00 USD.
In the morning, the decline stopped, butThere is no significant rebound. If the rollback continues to the support area of 140.00 USD, then a re-test of the expected bullish target levels in the area of 160.00 USD can be considered irrelevant.
XRP / USD
Yesterday, buyers didn’twere able to recover to the sentry EMA55. Until the end of the day, the pair lay on the support line of 0.219 USD, and at night sellers sold the price to the area of 0.213 USD.
If sales continue, then the daily minimum may lie in the area of 0.205 USD. In this case, you can forget about the restoration of the pair to the area of 0.240 USD for a long time.
* All price values are based on data from the BitStamp exchange