Until the end of last week, the market was unable to gain a foothold above the average price level. Will the bears intensify the onslaught on this week?
BTC / USD
Last Saturday bitcoin priceconsolidated around 45000.00 USD, and on Sunday buyers tried to overcome the resistance of 46000.00 USD. The price pierced this level, but the growth was not supported by large volumes, and the pair was unable to overcome the two-hour EMA55.
This morning, the BTC price has returned to the level of 45000.00 USD, and during the day, buyers will try to break through the resistance of the average price level and test the 61.8% fibonacci (47745.68 USD).
On the other hand, the weakness of buyers can provoke another wave of sales, and then the price will test the 50% fibo level (42447.96 USD).
ETH / USD
Last weekend, the Ethereum price recovered above the green resistance of 3400.00 USD, but until the end of the week the pair was unable to gain a foothold above the two-hour EMA55.
Sellers pushed the price back below 3300.00 USD tonight, and if the pressure intensifies, a break of support at 3200.00 USD is possible.
It should be noted that the sales volumes are still below average, so there is a possibility that buyers can take over and try to test the level of 3600.00 USD.
XRP / USD
Over the weekend, XRP price gradually recovered to the POC line (1.119 USD), but a large buyer did not support the rise and the pair was unable to break the EMA55 moving average.
This morning there is a slight pressure from sellers, and if it intensifies during the day, the bears may push the price back below the psychological mark of 1.00 USD.
On the other hand, with low sales volumes, buyers can stop the decline around the 1.050 USD mark and try to restore the price above the two-hour EMA55.
* All prices are based on BitStamp data
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