There was no bearish pressure yesterday and prices consolidated sideways. In the near future on the market is likely to increase volatility.
BTC / USD
Yesterday trading volumes were below average andBitcoin price volatility has been quite low. Throughout the day, the pair has been consolidating in the area of average prices. In the first half of the day, the BTC price dipped below the three-hour EMA55 and until this morning the pair is holding above the lilac support of USD 36,000.00.
Despite the absence of a strong bearishpressure, the scenario of a decline to the area of the May minimum is still relevant. If the bears push through the 23.6% Fibo level (30595.43 USD), then the psychological level of 30,000.00 USD will not be able to keep the pair from renewing the annual low around the 28,000.00 USD mark.
ETH / USD
The three-hour moving average EMA55 limited the decline in the Ethereum price, and the pair was consolidating sideways all day long.
Today it is possible for buyers to try to restorethe price of ether to the resistance of 2800.00 USD. This could provoke sellers to another bearish impulse, which will push the pair back to the 2000.00 USD mark.
XRP / USD
Yesterday XRP price retraced below psychological1.00 USD, but small sales volumes did not allow the pair to test the three-hour EMA55. Until this morning, the price is holding in sideways consolidation, around one dollar per coin.
If buyers try to take advantage ofthe absence of bearish pressure, then on small volumes they can achieve moderate growth to the resistance of 1.100 USD. However, the pair will not be able to stay in the area of the local maximum, and the price will quickly roll back below the level of the moving average EMA55, and in the second half of this week, a decline to the red line of the down trend is possible.
* All prices are based on BitStamp data
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