Bitcoin, Ethereum, XRP price analysis for 09/16/2020

Yesterday, the bears did not allow buyers to continue their recovery.stop rollback?

BTC / USD

Yesterday, buyers managed to break through the daily EMA55 and set a weekly high around 10940.00 USD.However, sellers halted the BTC price recovery and did not allow the pair to gain a foothold above the level of 10800.00 USD.

We believe that the pullback of the average daily moving average EMA55 is not over yet.During the day, the pair will decline towards the support of 10500.00 USD.If this level stops sellers, then the attempt to break through the daily level of average prices will be repeated and the maximum is expected in the resistance area of 11200.00 USD.

ETH / USD

Yesterday morning, buyers had a weak attempt to overcome the resistance of the green trend line, but the buying volumes were quite low, and the price failed to return to the ascending channel.

Sellers pushed the pair below the two-hour EMA55, but the pair stayed above the support level of 360.00 USD until the end of the day.Overnight, the bearish pressure did not abate, and the Ethereum price punctured this support.

If the pair manages to stay in this area and try again to gain a foothold in the green ascending channel, buyers will test it by the end of the weekPsychological level is 400.00 USD.

If the pressure increases today, then in the near future the pair will reachsupport at 320.00 USD.

XRP / USD

Yesterday's attempt by buyers to break through the resistance of 0.250 USD choked on the above-average selling volume, and the XRP price rolled back to the area of the two-hour EMA55.

By the end of the day, volumes declined, so the pair stayed in a narrow consolidation at the level of average prices.At night, the bearish impulse broke through the EMA55 moving average and marked a low in the support area of 0.230 USD.

In the morning, the price rebounded, and today we can count on another attempt to break through the resistance of 0.250 USD.

* All price values are based on data from the BitStamp exchange

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