Analysis of prices for Bitcoin, Ethereum, XRP for 09/17/2020

Yesterday, buyers tried to break through the nearest resistance levels, and today they can take advantagethe ability to test target growth levels.

BTC / USD

Yesterday, in the first half of the day, the price of BTC decreasedpaused around the 10600.00 USD mark. Buyers tried to continue growing, and in the evening they managed to set the daily maximum at 11100.00 USD. 

However, at night, purchase volumes decreased, andThis morning the price of Bitcoin has rolled back to 10900.00 USD. We can assume that the daily EMA55, which is at the level of 10780.00 USD, today will be able to keep the pair from a deeper rollback, and the bulls will still be able to test our target level of 11200.00 USD. 

On the other hand, Stoch RSI indicators indicatethat the market has entered the overbought zone, and a downward reversal is expected soon. It is possible that resistance at 11200.00 may become a level that will turn the pair downward, and in the near future the BTC price will return to the 9800.00 USD zone, updating the monthly minimum. 

ETH / USD

Yesterday morning, buyers took advantage of the support at 360.00 USD and seized the initiative from weakened sellers. 

During the day they restored the price highertwo-hour EMA55, and late at night the price of Ethereum reached the resistance of the green trend line. The area's dynamic recovery has stalled, but there is still potential for growth. 

We believe that today buyers can make another attempt to break into the green ascending channel and test the target level of 400.00 USD. 

XRP / USD

Yesterday, during the day, the price of Ripple was longconsolidated at the two-hour EMA55 level, and late at night buyers managed to form a powerful bullish impulse that broke through the resistance of 0.250 USD and set a two-week high at 0.258 USD. 

However, the XRP price could not stay in the zonehigh and rolled back to the level of 0.250 USD in the morning. If today this level keeps the pair from further decline, then growth will continue to a new weekly high, which will be located around the 0.270 USD mark. 

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

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