Will weekend buyers be able to increase growth?
BTC / USD
Yesterday, buyers managed to break through through the sentinel EMA55 and pinned above the POC line(7221.85 USD). Despite the fact that the formation of rising highs is already noticeable on the hourly chart, the weekly maximum is set slightly above 7300.00 USD.
Recovery is very slow, at medium volumes, and if the EMA55 level supports the pair today, then by the end of the week the BTC price will be able to test the resistance of 7400.00 USD.
While the price is showing sluggish dynamicsrecovery, we can assume that in the resistance zone the steam will unfold. However, if on weekends the growth rate increases and trading volumes increase, then a breakthrough of this resistance level is quite possible.
ETH / USD
Yesterday, the price of Ethereum for a long time could not overcome the hourly EMA55. In the evening, buyers connected large volumes and broke through the level of average prices.
At night, volumes fell, and the EMA55 curve hardly kept the pair from falling. If the market activity is low, the couple will spend the weekend in consolidation at the level of average prices.
The efforts of buyers to restore prices will be limited by the Point Оf Control line (146.84 USD).
XRP / USD
Yesterday, buyers fixed above the EMA55 andFor a long time they tried to break above the downtrend line. Deep in the night, the price nevertheless overcame its resistance and fixed above the Point Of Control line.
In the morning, trading volumes fell below average.level, and the sluggish recovery of the pair slowed down even more. If the hourly moving average EMA55 keeps the pair from pulling back, then at the weekend it will continue to grow, however, we already doubt that the pair will be able to update the weekly maximum in the area of 0.230 USD.
* All price values are based on data from the BitStamp exchange