The time of short-term consolidation in the field of average prices is ending. Will the bulls continue recovery?
BTC / USD
Yesterday, the trades were fairly calm, at medium volumes. The BTC price overcame the resistance of 7166.00 USD and fixed above the POC line.
If the bulls manage to increase volumes, then by the end of the week the pair can break through the level of 7400.00 USD and test the gray resistance area of 7600.00 USD. In this zone, a high probability of a reversal.
If at the weekend the bears are the first to activate and sell support for 23.6% Fibo, the pair will return to the wide purple corridor of $ 6100 - $ 6800.
ETH / USD
Yesterday, throughout the day, buyers continued to gain a foothold over the hourly EMA55. However, in the morning the pair is still below the average price level.
If bulls can use POC line support(126.94 USD), then a re-test of the level of 38.2% fibo (135.17 USD) remains relevant. Otherwise, by the beginning of next week, the price of Ethereum may fall back to the area of 124.00 USD.
XRP / USD
Yesterday, buyers were able to increase volumes and break through the resistance of the EMA55. When activity declined, the pair consolidated in consolidation with support at the level of 0.192 USD.
A repeated bullish momentum can break through the resistance of the downtrend purple trend line and test the level of 0.219 USD. In this area, a reversal towards a decline is possible.
If today the bears will return the pair below the average price level and increase the pressure, then next week the pair will return to the zone of an annual minimum of 0.175 USD.
* All price values are based on data from the BitStamp exchange