Yesterday the market recovered to the area of average prices. Will buyers be able to gain a foothold above the average?
BTC/USD
Buyers took advantage of the support at 36000.00 USD yesterday and tried to gain a foothold above the two-hour EMA55. Great difficulties were caused by the resistance of 38.2% fibo (37149.97 USD). At the end of the day, this level held back the rise in the price of BTC.
Today the bulls intend to break through the defense of the bears and test the level of 38600.00 USD. The most optimistic recovery option involves a re-test of the psychological mark of 40000.00 USD.
ETH / USD
Yesterday, buyers were able to continue the recovery of the Ethereum price to the two-hour EMA55 area. The daily high was fixed at 2511.00 USD. However, the decrease in volumes at the end of the day did not allow the pair to consolidate above the level of average prices.
Today we can expect a second attempt by the bulls to gain a foothold above the moving average EMA55. In this case, the pair will test the level of 2600.00 USD.
XRP/USD
Yesterday, there was no strong pressure from the bears, and at the end of the day, the price of XRP was able to test the two-hour EMA55.
Until this morning, the pair has not yet been able to overcome this moving average. If during the day buyers manage to break into the 0.650 USD area, then by the end of the day the XRP/USD pair will be able to gain a foothold above the average price level.
*All price values are based on BitStamp exchange data
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