Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/21/2020

Yesterday, prices stayed in the lateral range. Today a false breakthrough is possible.

BTC / USD

Yesterday, trading took place calmly, on average volumes. Sellers tried to sell the POC line (8632.49 USD), but buyers did not allow the price to fall below 8500.00 USD. Before the end of the day, the pair recovered to the line of the Control Point.

Tonight, on declining volumes, buyers tried to continue the recovery, but could not rise above the hourly EMA55. Until the morning, the couple remains in a rather narrow side.

Today, during the day, a false bullish breakout is possible in the area of ​​8900.00 USD, after which the price will return to the lateral range on the Point Of Control line.

For us, as before, rollback is of interestprices in the area of ​​the blue trend line (8000.00 USD), since support of the upper border of the downward channel is extremely important for continuing the bull run, which broke off at the annual maximum of 9200.00 USD.

ETH / USD

Yesterday morning sellers ownedinitiative and were able to squeeze the price of air from a narrow consolidation at the level of 165.00 USD to a minimum, at the point of 160.90 USD. Buyers did not give the opportunity to test the support of 160.00 USD and seized the initiative, restoring the pair to the level of hourly EMA55. Tonight, they even tried to break through the resistance of 61.8% Fibo (168.70 USD).

During the day, attempts to break above this levelFibonacci repeat. We believe that a false breakthrough into the area of ​​173.00 USD is possible. However, the price of ETH is likely to return to a narrow lateral range at 165.00 USD.

XRP / USD

Yesterday, sellers set a daily minimum at0.224 USD. Until the end of the day, buyers were able to restore the price to the previous level, to the support of 0.232 USD. At night, the recovery continued and the pair overcame the resistance level of the sentry EMA55.

We believe that today, after a maximum around 0.250 USD, the XRP / USD pair will return to the level of average prices.

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