Before the end of last week, the bulls failed to test target levels. Will the attempts continue?recovery?
BTC / USD
Weekends show special progress in recoveryBTC price was not observed. Yesterday, from the level of average prices, buyers made another attempt to break through to bullish targets, but the price, as expected, stumbled upon a gray resistance zone around the 7600.00 USD mark.
Buyers did not have enough positivity to overcome thisarea, and until the morning the pair spent in a narrow sideways range with support at the level of the hourly EMA55. Today, this level may not keep the price from rolling back to the support of 7400.00 USD. From this area we can expect repeated attempts by the bulls to break through the gray zone and test the psychological level of 8000.00 USD.
ETH / USD
On Saturday the market consolidated in a narrowrange at the level of the Point Of Control line (148.00 USD). On Sunday we expected a bullish breakout, but buyer activity was low and the momentum was rather weak. The pair was only able to test the resistance of the 50% fib (151.94 USD), and even repeated attempts to break through did not yield results.
Today, a rollback to the hourly EMA55 is possible, and ifthis level of average prices will keep the pair from further decline, then breakthrough attempts may be repeated. The fifty percent fibonacci level is not the last line of resistance on the way to the target level of bulls. With low trading activity, the recovery may get bogged down around the 156.00 USD mark.
XRP / USD
Yesterday, the bulls managed to break through the downward blue trend line and until the end of the week, buyers consolidated in the support area of 0.230 USD.
However, this morning a rollback to the level is possiblehourly EMA55. If this moving average keeps the pair from declining, then buyers will again be able to recover above the support of 0.230 USD and look for ways to break through to the 0.240 USD area.
* All price values are based on data from the BitStamp exchange