Yesterday, buyers were unable to continue the market recovery, but support levels are still keeping the market from falling deeply.
BTC/USD
Yesterday in the first half of the day the price remained above the 38.2% fibo level (37150.24 USD). Buyers tried to break through the resistance at 38000.00 USD, but in the afternoon the bears pressed the price to the descending red trend line.
Bitcoin price tested the trend line several times, but the bears failed to pull the pair below the support of 36,000.00 USD.
It seems that buyers have found support in the four-hour EMA55 area and today will try to return to the area of yesterday's daily high. If they manage to break through the resistance at 38000.00 USD, then a recovery above the psychological level of 40000.00 USD is possible.
ETH/USD
Yesterday morning, the price of Ethereum was unable to overcome the resistance of the four-hour EMA55 and during the day the pair returned to the support area of the POC line.
If the Volume Profile indicator line fails to hold the bears, then the price of ether will update the June low around 2200.00 USD.
XRP/USD
Yesterday morning, the four-hour EMA55 held back the weak onslaught of buyers and turned the pair downward. By the end of the day, the pair rolled back to the support of 0.860 USD. Sales volumes have decreased and this level is still managing to keep the pair in a sideways range.
Today, buyers can repeat their attempt to break above the moving average EMA55. If it turns out to be successful, the price will again return to the psychological mark of 1.00 USD.
*All price values are based on data from the BitStamp exchange
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