Today, buyers have a chance to restore prices above the resistance of the two-hour EMA55.
BTC / USD
Yesterday in morning trend line purplewithstood the onslaught of sellers and provided price support. Buyers were able to restore a pair above resistance 7166.00 USD and this is a good sign for the development of success.
In the afternoon, the pair fixed on the POC line (7194.07 USD) in a narrow range. At the end of the day, buyers tried to organize a breakthrough to the level of average prices, but the impulse was weak.
Today, repeated attempts of recovery are possible, and if buyers manage to break through the two-hour EMA55, then they could test the resistance of 7400.00 USD.
If breaking above the average price level does not work, then the pair will return to support the trend line.
ETH / USD
Yesterday, the price of Ethereum was able to recover wellfrom a night minimum. Buyers were able to return the pair above the support level of 144.00 USD and tested the moving average EMA55. However, it is not possible to gain a foothold above the level of average prices and now the price is consolidating under it in a narrow range.
If today the bulls break through the two-hour levelEMA55, the pair will be able to gain a foothold above the POC line (147.87 USD). If buyers fail to break through this resistance, the pair will return to the low of 140.00 USD.
XRP / USD
Yesterday, buyers were able to compete at level 0.219 USD and nevertheless overcame this resistance, but the further recovery of the pair stopped at the level of average prices. Several times, buyers stormed the blue trend line, but so far have not been able to break higher. At the end of the day, the pair rolled back below the support of 0.219 USD.
Today there is a possibility of a breakthrough of the trend lineand recovery above the POC line (0.221 USD). But will the couple be able to gain a foothold in this area for a long time? If buyers support growth in large volumes, then there are chances to gain a foothold above the Point Of Control line. Otherwise, the pair will roll back to yesterday's low.
* All price values are based on data from the BitStamp exchange