Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/15/2020

Yesterday, resistance levels stopped rising prices. Will the rollback be deep?

BTC / USD

Yesterday, the volume of purchases was very large and bulls tested orangeresistance 8800.00 USD. At the end of the day, when trading volumes declined, the BTC price rolled back to the area of ​​8700.00 USD. At night, buyers tried to gain a foothold above the level of 8800.00 USD, but volumes continued to decrease and in the morning the pair sank to the area of ​​8600.00 USD.

The eight-hour time frame in this area shows a weak level of support. If buyers can again increase volumes, then growth will continue to the level of 9000.00 USD.

If sales exceed the average level, thena rollback to the blue border of the downward corridor is possible. After a re-test of the upper border, you need to monitor the price reaction in the area of ​​8160.00 USD. A reversal to restore to the maximum zone is a good indicator of a way out of a six-month down trend.

ETH / USD

Yesterday, the bulls broke the 50% fibo mark (151.94 USD) and tested the next fibonacci level of 61.8% (168.70 USD). During the day, trading volumes were approximately three times higher than the average level. At the end of the day, volumes fell.

At night, on declining volumes, buyers set a maximum around 172.00 USD, and in the morning the pair rolled back to weak support at 160.00 USD.

If this support stops the rollback and the bulls continue to run, then a resistance test of 176.00 USD is possible. If the bears increase sales, the pair will fall back to the support of 50% Fibo (151.94 USD).

XRP / USD

Yesterday, XRP price growth continued. The bulls were able to break through the resistance of 0.232 USD and update the annual maximum to the level of 0.245 USD.

This morning, a pullback from the maximum zone returned the pair to the level of 0.232 USD. This level paused a decline, but can he keep the price in consolidation?

If the pair consolidates at this level, then growth may continue to the area of ​​0.252 USD. If the price of Ripple drops below, the support of 0.200 USD will limit the depth of such a decline.

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