Will weekend buyers be able to increase growth?
BTC / USD
Yesterday, buyers managed to break throughthrough the hourly EMA55 and settle above the POC line (7221.85 USD).Despite the fact that the hourly chart is already showing the formation of rising highs, the weekly high is set just above 7300.00 USD.
The recovery is very slow, on medium volumes, and if the EMA55 level supports todaypair, 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 recovery dynamics, we can assume that the pair will reverse in the resistance zone.However, if the growth rate increases over the weekend and trading volumes increase, then a breakout of this resistance level is quite possible.
ETH / USD
Yesterday, the price of Ethereum could not overcome the hourly EMA55 for a long time.In the evening, buyers connected large volumes and broke through the level of average prices.
Overnight, volumes declined, and the EMA55 curve barely kept the pair fromIf the market activity is low, the pair will spend the weekend.in consolidation at the level of average prices.
Buyers' efforts to recover the price will be limited by the Point Of Control line (146.84 USD).
XRP / USD
Yesterday, buyers consolidated above the hourly EMA55 and tried to break above the descending trend line for a long time.In the dead of night, the price overcame its resistance and settled 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