Buyers yesterday were unable to restore the market above the average price level. Will they be able to withstand the bearish onslaught today?
BTC/USD
Yesterday, the BTC price could not overcome the resistance of the two-hour EMA55 and again rolled back to the support of 46000.00 USD.
The price tested the zone of December lows tonight, but remained above forty-six thousand dollars until the morning.
The strengthening of the bearish onslaught and the breakout of the blue support will lead to the implementation of our negative scenario, in which the Bitcoin price will retrace to the 50% fibo level (42447.61 USD).
ETH / USD
Sellers dominated the market yesterday afternoon. They broke through the support of the two-hour EMA55 and tested the 3700.00 USD level.
If today during the day buyers are unable to return the pair above the level of average prices, the decline will continue to the level of 3600.00 USD, and in the near future it will reach support at 3400.00 USD.
XRP/USD
Buyers were unable to recover the XRP price above the 2-hour EMA55 yesterday morning. Despite the pressure from the sellers, the pair managed to stay on the POC line (0.828 USD).
However, if the onslaught of bears intensifies today, they will roll back the Ripple price to the support of 0.800 USD.
* All prices are based on BitStamp data
#Analysis #prices #Bitcoin #Ethereum #XRP
