BTC / USD
Yesterday in the morning, the BTC price consolidated above the psychological level of 50,000.00 USD, and buyers on small volumes tried to break through the resistance of the EMA55 moving average. After several unsuccessful attempts, the pair pulled back from daily highs around USD 51000.00 to support USD 48000.00.
Tonight, from this support level, buyers restored the pair to the area of average prices, but the growth was not supported by large volumes, and the price is unlikely to be able to gain a foothold above the hourly EMA55.
On the other hand, there is little hope that the psychological 50,000.00 USD level will be able to limit the depth of today’s pullback. In this case, buyers need to form a strong enough bullish momentum to continue the pair’s recovery to the 54000.00 USD area.
ETH / USD
Buyers continued the recovery in Ethereum price yesterday morning, and by mid-day the pair tested the resistance of the blue trendline.
The first attempt to break into the ascending channel failed. Even before the end of the day, the price retraced below 1600.00 USD, but today attempts to break above the average price level will be repeated. If the recovery is supported by large volumes, then a breakout to the resistance of 1800.00 USD is possible.
If market participants show pessimism and trading activity remains at a low level, the price will return to the support of 1500.00 USD.
XRP / USD
The psychological level of 0.500 USD yesterday capped the XRP price recovery and the pair returned to the upper border of the blue sideways channel.
If sellers push through this support at the level of 0.450 USD today, the pair will consolidate in a narrow blue channel until the end of the week.
If buyers form a bullish momentum and break through the resistance of 0.500 USD, then the pair may consolidate above the four-hour EMA55.
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