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Can bulls return to game by end of day?

Can bulls return to game by end of day?
Denys SerhiichukDenys SerhiichukU.Today

Bears remain more powerful than bulls as most of the coins are in the red zone.

Chart

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has declined by almost 2% over the last day.

BTCUSD

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) could not keep yesterday's rise. Currently, one should pay close attention to the $19,500 mark.

If the candle closes near it, there are chances to see a sharp decline to $19,000 soon.

ETH/USD

Unlike Bitcoin (BTC), the rate of Ethereum (ETH) has increased by 0.53%.

ETH

ETH/USD chart by TradingView

Ethereum (ETH) has bounced off the recently created mirror level at $1,511. Until the price is above it, buyers have chances for local growth. However, if sellers' pressure continues, the fall may lead to the test of the $1,400 zone shortly.

Ethereum is trading at $1,517 at press time.

XRP/USD

XRP has followed the drop of other coins, going down by 1.16%.

XRP

XRP/USD chart by TradingView

XRP/USD chart by TradingView From the technical point of view, XRP is trading similar to Bitcoin (BTC), and the rate is approaching the recently tested support level at $0.32136. If buyers cannot seize the initiative, a decrease may continue to the $0.31 mark until the end of the week.

XRP is trading at $0.3233 at press time.

Read full original article on U.Today

Author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

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