Analysis of prices for Bitcoin, Ethereum, XRP for 08/19/2020

Yesterday, a pullback began in the cryptocurrency market, which pushed the pairs below the average price level. Where to expecteasing the bearish onslaught?

BTC / USD

Yesterday, all day long, there was pressure from sellers. In the evening they pushed through the psychological level of 12000.00 USD, and tonight the price of Bitcoin rolled back below the average price level. 

There is a faint hope that there will be a pullback during the daywill stop in the area of ​​the POC line (11683.18 USD). Another, more reliable support may be the fifty percent Fibonacci level (11394.15 USD). At these levels, consolidation of the pair in a narrow sideways range is possible. 

ETH / USD

Yesterday buyers were unable to arrange a new onebullish momentum, and ETH price slowly fell towards the support of the two-hour EMA55. In the evening, sellers pushed through the average price level, and this morning the pair has already broken through the level of 410.00 USD. 

In the afternoon, the ether price will roll back slightly below the 400.00 USD mark and in the area of ​​the POC line (395.33 USD) will try to gain a foothold in sideways consolidation.

XRP / USD

The price of Ripple yesterday suspended its decline bylevel of average prices, but this morning the pullback continued below the POC indicator line (0.294 USD), and during the European session the pair will reach support at 0.280 USD. 

We believe that in this area the decline will slow down significantly, and the daily minimum will be around 0.270 USD. 

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