Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/28/2020

Tonight, the BTC price broke through the psychological level of 9000.00 USD. After some pullback, price increases may go on.

BTC / USD

Yesterday, the green trend line dealt withBy supporting the BTC price, in the evening, buyers have already tested the resistance of 8800.00 USD. At the end of the day, a strong bullish impulse struck this resistance, and at night the buyers continued to increase momentum and broke through the psychological level of 9000.00 USD.

The morning maxim is set in the region of the mark of 9150.00 USD. If you look at the six-hour chart, we see that the Stoch RSI indicator lines are off scale in the overbought zone. To continue the growth, a rollback and some consolidation of the price are necessary.

If the bulls can no longer increase the volume, then the price will roll back to the area of ​​8900.00 USD. After short-term consolidation, growth will continue to the level of 38.2% Fibo (9441.98 USD).

ETH / USD

Yesterday in the morning, the price of ether rolled backto the level of average prices, but in the afternoon, buyers were able to restore their lost positions and consolidated above the level of 61.8% Fibo (168.70 USD). In the evening, growth continued, and in the morning the pair set a local maximum around 174.00 USD.

Now trading volumes are not too large, andif they still begin to decline, then the price may again fall back to support the level of 61.8% fibonacci. This will slightly relieve market overheating and the price of Ethereum may continue to rise above the resistance of 176.00 USD. We believe that weekly highs will lie above the POC line (183.41 USD).

XRP / USD

Yesterday afternoon, the price of Ripple slipped to the level of 0.225 USD, but by the evening the pair quite vigorously recovered to the previous level, to the resistance of 0.232 USD.

Trading volumes gradually increased at nightbuyers broke through this resistance and tested the POC line (0.234 USD). If buyers can use the level of 0.232 USD as support, then growth will continue to the resistance area of ​​0.240 USD.

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