BTC / USD
Last Saturday, the bitcoin price consolidated above the two-hour EMA55 and buyers tried to continue the pair’s recovery. The trading volumes were below average and the BTC price could not overcome the resistance in the area of 56600.00 USD, and by the end of the week returned to the moving average EMA55.
If the pair holds above the level of average prices, then the recovery will continue to the resistance of 58000.00 USD.
If the bears push through the support of the two-hour moving average, then the price will retrace to the orange level of 53,400.00 USD.
ETH / USD
Despite Saturday’s low trading volumes, Ethereum’s price was able to continue its recovery towards the lower border of the wide blue channel. On Sunday night, the pair tested the resistance of 1735.00 USD and rolled back to the area of average prices.
Sellers managed to pierce the two-hour EMA55 and test the support of 1660.00 USD, but at the moment the pair managed to gain a foothold above the moving average.
At the beginning of this week, buyers will continue to try to restore the price to a wide sideways range, and in case of a breakout of the resistance of 1735.00 USD, the ether price will test the POC indicator line (1800.89 USD).
XRP / USD
Over the past weekend, the XRP price was unable to continue its recovery and moved mainly sideways, using the support of the two-hour moving average EMA55.
The probability of a breakout of the resistance at 0.600 USD still remains. In this case, a maximum is possible around the 0.630 USD mark.
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