Yesterday, buyers failed to increase the volume and the nightly recovery ended on the way to the level of 61.8% Fibonacci (5236.90 USD). At the end of the day, the price rolled back below the moving average of EMA55 and tested the lower limit of the green corridor at the daily low of 4948.57 USD.

The green border supported the BTC price and during the night the pair was able to recover above the level of 5000.00 USD. Today, the pair will try to consolidate within the ascending channel, but with low buying activity, the price may continue to decline to 50% Fibo (4833.14 USD).


The price of the broadcast failed to consolidate yesterday at the level of 61.8% fibo (168.70 USD) and rolled back to the level of the moving average EMA55. From the level of average prices, a slight increase in sales volume led to a decrease in the price of ETH in the 50% fibo area, but before the end of the day this Fibonacci level did not work out. The pair turned around 156.00 USD and recovered to support 160.00 USD.

Stochastic is on the border of the neutral zone and has not yet reached the oversold zone. Today it is possible to resume the decline and re-test the level of 150.00 USD. This level will support the pair and Ethereum will finally complete the fall.


Ripple yesterday tried to consolidate below the level of 0.330 USD, but rather small sales provoked a decline in the pair to the upper border of the orange corridor. Closer to midnight, the price of XRP reached its minimum value of 0.313 USD and at night it recovered in the region of 0.320 USD.

Today, a decline in the orange corridor may resume, but in the region of the upper limit of the lateral range, the pair will succeed in consolidating in a narrow consolidation.

* All prices are based on BitStamp data.

Zorain Zubair
Zorain is co-founder of TechLapse. Based in Pakistan, Zorain is currently studying Business Management and aims to achieve the title of Chartered Accountant. Zorain loves writing about various technology news. He can be reached at: [email protected]
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