Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/31/2019

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Will buyers retain the chances of continued growth on the last day of the year?

BTC / USD

Sellers yesterday increased pressure and pushed a two-hour EMA55. The rollback continued throughout the day until the Point Of Control line (7201.87 USD) stopped it at night. Until the morning, the pair consolidated in a narrow range above the POC line, but sellers already managed to test support for 7166.00 USD.

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Such a decrease has removed the Stoch RSI indicator lines from the overbought zone and retains small chances for buyers to break through to the gray resistance area.

If today bears sell support 7166.00 USD and test the level of 23.6% Fibo (7026.59 USD), then bullish goals will lose their relevance for a while and the new year will begin by diving into the wide purple range of $ 6100 - $ 6800.

ETH / USD

Yesterday morning, buyers were unable to recoverThe price of ETH is above the level of 38.2% Fibo (135.17 USD). In the afternoon, trading volumes fell sharply, and the pair rolled back to the two-hour moving average EMA55. This level of average prices kept the pair from further decline, and now the price of ether is consolidating in a narrow range around 130.00 USD.

In this position, the probability of a breakthrough remainsresistance level of 38.2% fibonacci. However, if today sellers sell the level of average prices, the pair will reach support on the POC line (127.12 USD) and will move on to short-term consolidation.

XRP / USD

Yesterday, buyers were not able to usesupport the downtrend line and test the resistance of 0.200 USD. At some point, the pressure of the sellers intensified, volumes exceeded the average level, and the pair fell under the dotted trend line.

The decline stopped at the level of average prices. At night, the pair tried to consolidate in the area of the two-hour EMA55, and now it is struggling with the resistance of the blue trend line.

There are still chances to test the psychological level of 0.200 USD, but if sellers resume pressing today, the price may go down to 0.188 USD.

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