Analysis of prices for Bitcoin, Ethereum, XRP for 07/18/2020

Yesterday, the Bitcoin price recovered to the average price area. Will buyers be able to continue to grow today?

BTC / USD

Yesterday, buyers, on small volumes, were ablecontinued the weak growth of BTC prices and restored the pair to the area of ​​average prices. Before the end of the day, the two-hour moving average EMA55 limited further growth and did not allow buyers to test the level of 9200.00 USD. 

As of this morning, the price has rolled back, but withinday, buyers will again attempt to break above the average price level. If it is not possible to increase the volume of purchases, then the decline will continue to the area of ​​8900.00 USD. 

ETH / USD

Yesterday trading volumes decreased significantly, andEthereum price is stuck in a narrow consolidation at 233.33 USD. Buyers tried to continue the recovery, but by the end of the day they were unable to test the level of the two-hour EMA55. 

Today, in such a thin market, an attempt to recover to the area of ​​average prices may end with a rollback to the support area of ​​100% fib (222.92 USD). 

XRP / USD

Yesterday, despite fairly low trading volumes,buyers were able to restore the pair to the average price area and break through the two-hour EMA55. However, before the end of the day, the price of Ripple could not stay above the moving average EMA55 and rolled back to the area of ​​0.195 USD. 

Today, buyers will continue to try to return the pairto the psychological mark of 0.200 USD, but if purchase volumes are below the average level, then it will not be possible to continue growth. In this case, the price of XRP will continue to decline until the end of the day, and on Sunday it may break through the support of 0.180 USD. 

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