BTC / USD
Last Saturday, the bulls could not gain a foothold above the level of average prices and the pair rolled back beyond the lower border of the ascending channel. On Sunday, sellers formed a strong bearish momentum that broke through the 60,000.00 USD support and forced the bitcoin price to test the yellow support at the 51,600.00 USD level.
The rebound was quite high, to the area of 56000.00 USD, but the orange support of 53400.00 USD contributed to the real recovery of the BTC price in the area of 57000.00 USD.
This morning, the recovery may continue to the resistance of 58000.00 USD, however, buyers are unlikely to be able to gain a foothold above this level. We believe that at this line the price will reverse downward and roll back to the psychological level of 50,000.00 USD.
ETH / USD
On Saturday, the upper border of the ascending channel turned the ether price down and in the second half of the day the pair broke through the middle line of the channel, rolling back below the level of average prices.
There was a weak attempt to recover on Sunday morning, but the bearish momentum broke through the support of the lower trendline and tested the psychological level of 2000.00 USD. The local minimum was set around 1952.00 USD.
After a cold shower from sellers, the price of Ethereum recovered to the lower border of the ascending channel, but it has not yet been possible to return within this corridor.
Most likely, the moving average EMA55 will reverse the price downward and in the near future the pair will roll back below the 2000.00 USD mark.
XRP / USD
Last Saturday, the XRP price failed to gain a foothold above the 1.960 USD price tag and at the end of the week the pair rolled back to the support area of 1.200 USD.
At the beginning of this week, buyers slightly recovered the price, but they may not be able to continue the recovery above the resistance of 1.500 USD. Most likely, the hourly EMA55 will reverse the pair to decline, and in the near future the XRP price will return to the psychological level of 1.00 USD per coin.
* All prices are based on BitStamp data
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