Yesterday's attempt by buyers to gain a foothold above the nearest resistance level ended with a pullback in the area of average prices. Will the decline continue today?
BTC / USD
Yesterday morning, buyers broke through the resistance of 38000.00 USD and tried to gain a foothold in the area of 39000.00 USD. However, the BTC price was unable to stay in the zone of the daily high.
Tonight, the bears returned the pair to the 3-hour EMA55 area. The moving average has slowed down the decline in the price of BTC, and short-term consolidation is possible in the near future.
However, if sellers intensify the onslaught, they could break the 36000.00 USD support.
ETH / USD
Yesterday, the Ethereum price broke through the resistance of 2800.00 USD and set a daily high around the 2890.00 USD mark.
At night, buyers tried to testthe level of 2900.00 USD, but sellers pushed the ether price back to the three-hour EMA55. If the bears are able to increase the pressure today, they will push the level of average prices.
If we fail to increase sales, the moving average will withstand the onslaught of bears and the pair will consolidate in the area of average prices.
XRP / USD
Yesterday, the XRP price set a daily high at 1.078 USD, but the pair could not stay in the high zone for a long time and rolled back below the 1.00 USD mark.
As of this morning, buyers have slightly recovered the price, but the trading volumes have decreased and the pair is still unable to rise above the psychological mark of one dollar per coin.
If the bears resume their onslaught today, they will push through the support of the three-hour EMA55 and continue to decline to the 0.800 USD area.
* All prices are based on BitStamp data
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