Yesterday's support levels helped the pair recover to the mid-range. Will buyers be able to continue recovery?
BTC / USD
Yesterday, customers managed to find support atthe level of 32500.00 USD, and they restored the price of bitcoin to the area of the four-hour EMA55. In the evening, the pair overcame the lilac resistance of 36000.00 USD, and this morning it consolidated above the red downtrend line.
In the near future, we should expect a short-termconsolidation of the BTC price around the 38.2% Fibo level (37150.24 USD). If the pair manages to hold above this Fibonacci level, then a recovery to the level of 40,000.00 USD is possible.
If the bears return the pair below the red trend line, then they will continue the downtrend. In this case, in the second half of the week, the decline will continue below the psychological mark of 30,000.00 USD.
ETH / USD
Yesterday, the POC line kept the price of Ethereum inshort-term consolidation, and in the second half of the day the pair recovered to the area of average prices. In the morning, the four-hour EMA55 restrains the ether price from further recovery to the resistance of 2800.00 USD.
If the pair fails to break above this moving average, then the recovery will end there and the price will return to the June low zone.
XRP / USD
Yesterday, buyers were able to ramp up their buying volumes above the average and retrace the XRP price to the four-hour EMA55.
At the moment, the level of average prices is holding back the further recovery of the pair, and in the near future it is possible that buyers will try to break through to the psychological level of 1.00 USD.
However, if the moving average EMA55 contains a weak bullish onslaught, then by the end of the week, we can expect an update of the monthly minimum.
* All prices are based on BitStamp data
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