At the end of last week, buyers were unable to gain a foothold above the average price level. If at the beginning of this bears' pressure will increase during the week, then a sharp decline in prices is possible. Which support levels will be the first to slow the decline?
BTC / USD
Last Saturday, buyers could notto gain a foothold above the level of average prices and the pair rolled back to the support of 36000.00 USD. On Sunday, a weak onslaught of sellers continued until the price of bitcoin broke this support, setting a weekly low around 34850.00 USD.
At the end of the week, buyers triedrestore the price and gain a foothold above the lilac support of 36000.00 USD. The volume of purchases was small, but tonight the pair recovered to the area of average prices.
Will buyers be able to overcome theresistance of the three-hour EMA55 and gain a foothold in the area of the 38.2% fibo level (37150.24 USD)? Unlikely! At the beginning of the week, we should expect an increase in the bearish onslaught and a pullback of the BTC price to the area of psychological support of 30,000.00 USD.
ETH / USD
On Saturday, buyers failed to form a bullishmomentum and resistance at 2800.00 USD turned the pair down. The sales volumes were not large, and in the zone of the weekly low, the pullback was stopped by the support of 2550.00 USD.
On Sunday, buyers recovered the price of Ether,and this morning the pair again stopped at the resistance line of 2800.00 USD. There is little hope of a false bullish breakout, but the bears are likely to intensify the onslaught and break through last week's low. At the beginning of this week, the minimum is possible in the support area of 2200.00 USD.
XRP / USD
Last Saturday, XRP price failed to test the psychological one dollar mark. On the way to this key level, the price reversed downward.
Despite the dynamic pullback, the minimum wasestablished at the point 0.892 USD and over the next day, buyers restored the pair to the area of average prices. At the same time, it has not yet been possible to overcome the three-hour EMA55.
Today there is a high probability of a reversal in the area of the moving average and a pullback to the target bearish level of 0.800 USD.
* All prices are based on BitStamp data
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