BTC / USD
Sellers pierced the average price level yesterday morning, but the two-hour EMA55 managed to keep the pair from falling further. The bitcoin price bounced off the support of 46000.00 USD and recovered to the 48700.00 USD area by the end of the day.
During the night, trading volumes decreased and the price consolidated around the 48000.00 USD mark. Growth is possible today.
Bulls are ready to break the psychological level of 50,000.00 USD. We believe that a new price record can be set at 51000.00 USD.
ETH / USD
Yesterday, support at 1,700.00 USD limited the Ethereum price decline to the blue trendline. During the day, the pair bounced back above the 2-hour EMA55, slowing its growth around the 1820.00 USD mark.
At night, despite rather large sales volumes, the ether price managed to stay above the moving average EMA55, and this morning the pair will continue to rise to a new all-time high in the 1900.00 USD area.
XRP / USD
Yesterday morning, the bears tested the uptrend line that kept the XRP price from falling towards the psychological 0.500 USD mark.
During the day, buyers tried to restore the pair to the zone of recent highs, but until the end of the day, the pair was unable to test the resistance of 0.600 USD.
If today the four-hour moving average keeps the bears from breaking out to the 0.500 USD level, the recovery will continue to the 0.650 USD area.
All prices are based on BitStamp data
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