Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/17/2020

Today, the bulls will try to continue the race and update the annual maximum.

BTC / USD

Yesterday, hourly EMA55 supportIn the evening, the bears increased selling volumes above the average level and punctured this support.However, this level of average prices withstood the attack of sellers and the pair was able to  consolidate in a narrow range.

This morning, buyers resumed their attempts to break through the resistance of 8800.00 USD, which has been blocking since Tuesdaytheir way to a re-test of the psychological level of 9000.00 USD. 

Trades are still taking place with average activity, but if the volumes grow during the day, then a breakout to the maximum zone of 9100.00 USD is possible.From this level, there is a high probability of a response from sellers, who canbring the price down to the area of 8800.00 USD. 

ETH / USD

The support of the level of 160.00 USD kept the price of Ether declining yesterday.Yesterday, medium volume bulls tried to restore the price to the level of 61.8% Fib (168.70 USD).However, until this morning, they have not yet been able to test thisResistance level. 

If today the bulls are able to break through this level, then the daily high is possible around 176.00 USD.A reversal of the decline is possible in this area.It will stop at 61.8% Fibonacci. 

XRP / USD

Yesterday, the two-hour EMA55 kept the XRP/USD pair from further decline. 

As of this morning, we have only managed to test the level of 0.232 USD, and the target mark is in the resistance area of 0.252 USD.If buyers manage to maintain the positive dynamics, then the annual maximum should beexpect it to be around 0.255 USD. 

If the level of 0.232 USD turns the pair to a decline, the price will pull back below the two-hour moving average EMA55. 

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