Yesterday morning, sellers tried to push the BTC price to the upper border of the descending orange corridor. However, in the area of nine thousand, sales fell and buyers were able to seize the initiative. Until the end of the day, they restored the pair to the area of average prices.
In the Asian session, recovery continued at low volumes. The local maximum is set at around 9240.00 USD. In the morning, the price of bitcoin rolled back, but a two-hour EMA55 can slow down today, and the pair will stay in the area of 9100.00 USD.
In this case, buyers will be able to continue to grow to yesterday's forecast level of 9300.00 USD. A breakthrough of this resistance level will allow the bulls to test 38.2% Fibo (9441.98 USD) in the near future.
Yesterday afternoon, the bears pierced the level of 100% Fibo (222.98 USD), but in the afternoon trading volumes began to decline and they could not sell this support.
By the end of the day, buyers restored the pair to the area of average prices, and at night it was possible to establish a local maximum in the region of 230.00 USD.
In the morning, the price of Ethereum dipped slightly, but we expect that today the pullback will stop in the area of weak support of 225.00 USD and buyers will try to continue to grow to the resistance of 233.33 USD.
Yesterday morning, sellers were unable to significantly push the price of Ripple. During the day, buyers stopped the rollback and kept the pair in the lateral range, and late at night tested the level of average prices.
In the morning, the XRP price fell back to yesterday's lateral range, and today we expect support from its lower border at around 0.175 USD. If this support level works, then the pair will be able to gain a foothold above the two-hour moving average EMA55.
Strengthening the onslaught of bears is possible when breaking through the lower border of the side. In this case, the price will return to the area of Saturday minimum 0.169 USD.
- The given material for orientation objectives!
- I shall forgive for my English - I use the translator!)