November 30, 2020

Analysis of the prices of Bitcoin, Ethereum, Ripple for 11/20/2020

Analysis of the prices of Bitcoin, Ethereum, Ripple for 11/20/2020

Yesterday the market consolidated in the area of ​​average prices. Will the bulls be able to break through the nearest resistance and continue the race?

BTC / USDAnalysis of the prices of Bitcoin, Ethereum, Ripple for 11/20/2020

Yesterday, in the first half of the day, sellers pierced the support of the hourly EMA55, but failed to consolidate below the average prices.

In the second half of the day, buyers restored the pair above the psychological mark of 18000.00 USD, however, by the end of the day, the volume of purchases decreased, and at night the growth could not continue.

The bulls try to keep on running this morningusing the EMA55 moving average support. If market participants believe in growth and support the growth with large purchases, then a new annual maximum is possible around 19000.00 USD.

On the other hand, it should be borne in mind that bears can increase the onslaught at the level of 18500.00 USD, and then they will break through the support of the average price level, returning the pair to the area of ​​16600.00 USD.

ETH / USDAnalysis of the prices of Bitcoin, Ethereum, Ripple for 11/20/2020

Yesterday morning, the sellers hosted the market andwith small sales volumes, the ETH price rolled back below the hourly EMA55. During the day, the balance of power leveled off and buyers returned the pair to consolidation in the area of ​​average prices.

The price of ether started active tonightretrace and tested the upward blue trendline. If the bulls are able to break the resistance of the trend line, then the growth will continue to the psychological level of 500.00 USD. In this area, the growth dynamics will slow down, and sellers may try to turn the pair into a pullback.

XRP / USDAnalysis of the prices of Bitcoin, Ethereum, Ripple for 11/20/2020

Yesterday, at the beginning of the European session, sellerspierced the weak support of 0.290 USD, but the sales volumes were small, so in the second half of the day, buyers were able to return the pair above the psychological level of 0.300 USD.

The bulls do not dare to break the resistance at 0.310 USD, and the Ripple price is consolidating in a narrow sideways range in the area of ​​the monthly maximum.

If today the bulls break through the resistance of 0.310 USD, they will be able to come close to the zone of the August high (0.330 USD).

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

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