March 28, 2024

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/07/2020

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/07/2020

Can bulls play the final chord in local market recovery today?

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/07/2020

YesterdayBuyers have been trying to overcome the gray resistance zone of 7600.00 USD all day.Only late at night, due to a strong impulse, the bulls managed to break through the upper border of the 7640.00 USD zone and test the psychological level of 8000.00 USD. 

In the morning, the pair rolled back to the area of ​​7830.00 USD and the decline stopped.

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/07/2020

We believe that the bulls are preparing to storm the daily EMA200, which passes at the resistance level of 8160.00 USD.Most likely, buyers will not be able to gain a foothold above this level, and the bulls will retreatto the POC line (7991.31 USD). 

 

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/07/2020

Yesterday, buyers began to increase the volume of purchases and gradually approached the resistance of 144.00 USD during the day. 

After the high at 145.20 USD, the volumes decreased, and the ETH price rolled back to the area of 142.00 USD. 

Today the price may try to gain a foothold above the resistance of 144.00 USD.The daily high may be fixed at 148.00 USD, but the pair will not be able to stay above 144.00 USD, and will soon roll back to the level of the two-hour moving average EMA55. 

XRP / USD

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/07/2020
Yesterday, buyers, inspired by the assurances of Ripple CEO Brad Garlinghouse that the company does not intend to dump the price of XRP, significantly increased the volume of purchases of this crypto asset. 

In the afternoon, even before the growth of the entire crypto market, the XRP/USD pair broke through the key resistance of 0.200 USD and completed the growthlate at night at the high of 0.226 USD.This morning, the volume of purchases decreased and the price sank below the support of 0.219 USD. 

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/07/2020

We believe that the daily EMA55 will provide support to the pair and limit its decline.Consolidation is possible at the level of the Point Of Control line (0.220 USD). 

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