Over the weekend, the bitcoin price tried to recover above the hourly EMA55, but the pair could not overcome the resistance of the 100% fibo level (64895.22 USD).
Buyers managed to form a bullish momentum tonight, which broke through the 100% Fibonacci level and tested the 66,000.00 USD mark. In the morning, the volume of purchases decreased and the pair may return to the area of average prices.
If buyers keep the price above the EMA55, then the recovery will continue towards the 67000.00 USD mark.
ETH / USD
Last Saturday, bearish pressure was felt in the market and the ETH / USD pair was unable to recover above the hourly moving average EMA55.
On Sunday, the price bounced back to the support of 4500.00 USD, but by the end of the day, the selling pressure eased. Over the past night, the Ethereum price has recovered above the EMA55 and is trying to hold at the level of 4700.00 USD.
If the bulls manage to continue their recovery today, the price will test the resistance of 4800.00 USD.
At the end of last week, buyers were struggling with the resistance of the hourly EMA55. It was possible to overcome this strong resistance only tonight, when the bulls formed a rather powerful impulse. XRP price has pierced the 1,200 USD level and is trying to gain a foothold in the area in a tight consolidation.
Today, in the first half of the day, a rollback to the area of average prices is possible. If the pair holds above the POC line (1.189 USD), then the recovery will continue to the level of 1.250 USD.
* All prices are based on BitStamp data
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