Analysis of prices for Bitcoin, Ethereum, XRP for 08/27/2020

Yesterday, buyers were unable to overcome the average price level. The attempts will continue today.

BTC / USD

Yesterday atbuyers could not be overcome for a long timeresistance 50% fib (11394.15 USD). In the afternoon, they still managed to break through the fifty percent Fibonacci level and test the two-hour moving average EMA55. 

The breakout was not supported by large volumes,therefore, as expected, the pair returned to the 50% Fibonacci level. If this morning sellers push the price below the support of 11200.00 USD, then until the evening the decline will stop near the blue trend line (11000.00 USD). 

If buyers restore the pair above the average price level, then at the end of the day the price of Bitcoin will test the POC line (11740.62 USD).    

ETH / USD

Yesterday there was no strong selling pressure andbuyers were able to take advantage of low bear activity. During the day, the pair gradually recovered, and in the evening it reached the level of average prices. 

It was not possible to overcome the two-hour EMA55 overnight, but today buyers will repeat their attempt to gain a foothold above the moving average level in the area of ​​the psychological mark of 400.00 USD. 

If major sales resume – the Ethereum price will fall below the support of 360.00 USD and test the green trend line.

XRP / USD

Yesterday the activity of market participants was low andthe price of Ripple was able to gain a foothold in a narrow sideways range. Buyers were unable to test the average price level because it was not possible to overcome the resistance of 0.280 USD on small volumes. 

Today, consolidation will continue, but if the bears push through the lower border of the sideways range at 0.270 USD, then a sharp decline to the support of 0.250 USD is possible. 

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