Yesterday the market continued to decline, but by the end of the day prices bounced from the June minimum. Will couples be able to gain a foothold in short-term consolidation?
BTC / USD
Yesterday, the decline in the price of bitcoin ended with a dailythe minimum is around 31000.00 USD. In the evening, the price bounced to the area of 33800.00 USD, but at night the volume of purchases fell and it was no longer possible to continue the recovery.
Now the pair is trying to consolidate at the level32500.00 USD, and if today this support works out, then the price will recover to the four-hour EMA55, which is currently at the lilac resistance level of 36000.00 USD.
If buyers fail to find support, then the decline will continue below the 23.6% fibo (30595.44 USD), to the psychological level of 30,000.00 USD.
ETH / USD
Last night, the Ethereum price marked a minimum around 2300.00 USD. As a result of the rebound, the pair returned to the area of 2500.00 USD, but failed to gain a foothold at this level.
Over the past night, trading volumes decreased and the priceof the ether dropped to the Volume Profile indicator line. If the POC line does not keep the pair in short-term consolidation, then today the decline will continue to the target support of 2200.00 USD.
XRP / USD
Yesterday, the Ripple price tested the 0 level.800 USD, setting the June low at 0.784 USD. Until the end of the day, the pair was able to recover to the resistance area of 0.900 USD, but it has not been possible to stay in the area of the local maximum yet.
Today, buyers may try to continue recovering to the area of average prices, but if buying volumes fail to increase, then the price will roll back below the support level of 0.800 USD.
* All prices are based on BitStamp data
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