March 28, 2024

Analysis of prices for Bitcoin, Ethereum, XRP for 08/11/2020

Analysis of prices for Bitcoin, Ethereum, XRP for 08/11/2020

Yesterday, psychological resistance kept the bulls from continuing the race.Do today's buyersbreak through to new highs?

BTC / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 08/11/2020

Yesterday morning, buyers were unable to increase the volume of purchases and growthstopped at the daily high of 12080.00 USD.The August 2019 high zone remains unreachable for the bulls. 

Yesterday's attempt to break into the annual high zone was extinguished by bearish momentum, which threw the pair back to the support of 11500.00 USD.However, the price of bitcoin quickly rebounded above the average price level, and today buyers are ready to try again to update the yearly high. 

If buyers find support around the two-hour EMA55, they mayIf the bears push through the average price level, the pair will return to the support of 50% Fib (11394.15 USD). 

ETH / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 08/11/2020

Ethereum price failed to overcome the resistance of 400.00 USD yesterday.The psychological level didn't work out. 

If the two-hour EMA55 still acts as support, then attempts to break through to the area of 420.00 USD will be repeated today. 

If sellers push the pair below the level of average prices, then a pullbackstop at the support area of 360.00 USD. 

XRP / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 08/11/2020

Yesterday morning, buyers failed to break above the resistance of 0.300 USD.A decrease in their activity in the first half of the day led to a pullback to the support area of 0.280 USD.However, the pair managed to recover to the area of average prices and consolidate in a narrow sideways trend until the end of the day. 

At night, there is another attempt to break through the level of 0.300 USD.In the morning, the price of Ripple is trying to gain a foothold above this psychological mark. 

If the attempt is successful, the growth will continue to the zone of the monthly maximum, and if the psychological level does not withstandIf the sellers push, the pair will return to the area of average prices. 

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