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Yesterday the bears pushed the market below the level of average prices. Today, the decline may continue.
Yesterday, sellers pushed the price of bitcoin below the two-hour EMA55, and in the evening they broke through the support of 50% fibo (42447.61 USD). At the end of the day, a local minimum was set at 41580.00 USD.
The pair tried to recover overnight, but the 50% fibonacci level limited the weak growth. Today the decline will continue to the support of 40000.00 USD.
ETH / USD
Yesterday morning, the bears broke through the average price level, and by the end of the day, the price of Ethereum fell below the support of 3200.00 USD. The minimum is marked around 3140.00 USD.
Over the past night, buyers tried to restore the price of ether, but failed to gain a foothold above the level of 3200.00 USD. Today we should expect a continuation of the decline to the support area of 3000.00 USD.
Yesterday, the price of XRP rolled back below the EMA55 moving average and during the day the pair was no longer able to recover above this level of average prices.
Today, during the day, a decline to the orange support of 0.700 USD is possible.
*All price values are based on BitStamp exchange data
#Bitcoin #Ethereum #XRP #price #analysis