Yesterday's pullback of the market stopped in the area of average prices. Will the bulls continue to run?
BTC / USD
Yesterday in the morning, after updating the annual maximum atpoint 18483.00 USD, bitcoin price rolled back below the support 17600.00 USD. Buyers retraced the pair to the highs several times, but rather large sells were able to freely pierce this strong support.
At the end of the day, sales volumes decreased andthe level of 17600.00 USD limited sellers' efforts. At night, the price stabilized in the area of 17800.00 USD, and if the level of 17600.00 USD once again withstands the onslaught of sellers, then the growth may resume to another annual maximum in the region of 19000.00 USD.
If today the bears push through the support of the hourly moving average EMA55, then the price will roll back to the area around the 16600.00 USD mark.
ETH / USD
Yesterday morning, the annual high of the Ethereum price was set at 496.00 USD, after which the bears rolled back the price below the hourly EMA55, marking a local low near the 50% fibo level (457.16 USD).
Closer to lunch, the volatility of the pair begandecline and the price felt support in the area of average prices. If this weak support limits the bears' efforts, then the rise may continue to the psychological level of 500.00 USD.
If the bears break the EMA55 moving average, the pair will return to the fifty percent Fibonacci level.
XRP / USD
Yesterday morning, the bulls could not overcome the resistance of 0.310 USD, and large sells pushed the price of Ripple from the point of the monthly high to the support of 0.280 USD.
In the afternoon, XRP price volatility decreased and the price consolidated in a sideways range, taking advantage of weak support at 0.290 USD.
If the market remains optimistic, the Ripple price will continue to rise and try to overcome the resistance of 0.310 USD. Otherwise, the bears will press the price down to the support of 0.280 USD.
* All price values are based on data from the BitStamp exchange
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