This week, pairs may test reversal support levels.
BTC / USD
Yesterday in the first half of the day, buyers tried to restore the price of bitcoin, but again could not overcome the resistance of the two-hour EMA55. For two weeks, the pair has not been able to break above this moving average EMA55.
By the end of the day, the price fell back to level 78.6% Fibo (55287.64 USD) and renewed the monthly minimum around 55628.00 USD. A weak recovery of the pair to the area of 57000.00 USD was observed tonight (the volume of purchases was less than the average level).
During the day, we should expect a continuation of the decline below the support of 78.6% fibonacci. Bears will seek to re-test the level of 53400.00 USD.
ETH / USD
By the end of the day yesterday, the bears pushed the Ethereum price back to the level of 4000.00 USD. The daily low is set at 4024.00 USD.
Over the past night, with decreasing volumes, the pair recovered to the area of 4100.00 USD. Today the bearish pressure may intensify and the price will break through the psychological level of 4000.00 USD.
In the near future, we can expect an update of the monthly minimum in the support area of 3800.00 USD.
XRP / USD
Yesterday in the morning there was somerecovery of the pair to the area of average prices. However, buyers have not been able to test the 2-hour moving average EMA55. By the end of the day, XRP price returned to the November low zone.
At night the trading volumes were at an average level and buyers did not allow testing the psychological level of 1.00 USD, having restored the pair to the area of 1.050 USD.
If the volume of sales increases, then the bears will push the price below the one dollar mark.
* All prices are based on BitStamp data
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