Yesterday, after a short consolidation in the 11000.00 USD area, buyers made another attempt to overcome the 50% fibo resistance (11394.15 USD).
The buying volumes were only slightly above the average trading level and the bulls failed to test the 50% Fibonacci level. At the end of the day, volumes began to decline, and overnight the price of bitcoin returned to the area of eleven thousand dollars.
On the daily time frame, the Stoch RSI indicator lines have not yet left the overbought zone and indicate that a rollback to the nearest strong support level will begin soon. We believe that before the pullback, market makers can provoke a false bullish breakout to the area of 12000.00 USD, and the depth of the first wave of the pullback can reach the support of 10500.00 USD.
Yesterday buyers were unable to overcome the 330.00 USD resistance and renew the annual high. During the day, trading volumes dropped below average and the pair consolidated around 320.00 USD.
The price dropped overnight, but managed to stay above the two-hour EMA55.
Today, attempts to break out to the target bullish level of 360.00 USD are possible, but if the pressure from the bears increases, the price will retrace to the psychological level of 300.00 USD.
Yesterday the XRP price was able to continue its growth and renew the monthly high around the 0.250 USD mark. It is worth noting that Ripple has won its rightful third place in terms of capitalization in the CoinMarketCap rating, pushing back the recently ranked third stablecoin Tether.
Over the past night, the XRP / USD pair returned from the maximum zone to the 0.240 USD area. If today the bulls are unable to take any active action to re-test the target level of 0.280 USD, then the price may slowly roll back to the support of 0.230 USD.
- The given material for orientation objectives!
- I shall forgive for my English - I use the translator!)