Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 02/01/2020

The nearest support levels stopped yesterday's pullback, but will the bulls be able to continue until the end of the week?height?

BTC / USD

Yesterday, the BTC price rolled back to the average price level.In the second half of the day, pressure from sellers continued and the pair continued to decline towards the support of 9200.00 USD. After a retest of this level, buyers were able to restore the price above the hourly EMA55. 

At night, an attempt to continue restoration got bogged down.level of the lower border of the orange resistance area. As of this morning, trading volumes have decreased; we believe that during the day the pair will consolidate in the range between the moving average EMA55 and the 38.2% fib level (9441.98 USD). 

By the end of the week, the bulls could testthe upper limit of the range is 9630.00 USD, but if volumes fail to increase, the pair will not be able to break through to the target bullish level. Then the BTC price will roll back to the support of the green line, which has been keeping the pair in an upward trend since December last year. 

ETH / USD

Yesterday's Ethereum price pullback slowed down significantly at the average price level. After a retest of support at 176.00 USD, the decline stopped and buyers were able to restore the pair to the area of ​​180.00 USD. 

Currently trading volumes are quite low.At low volumes, the pair may continue to rise to the area of ​​the annual maximum. If by the end of the week buyers manage to form a strong bullish impulse, they can test the 78.6% fib level (192.57 USD). 

If the bulls cannot overcome the resistance of 186.00 USD, then at the beginning of next week the price will again return to the support of 176.00 USD. 

XRP / USD

Yesterday, the hourly moving average EMA55 stopped its intense pullback, and during the day the pair consolidated around the POC line (0.236 USD). 

At night, from the level of average prices, buyers tried to restore the pair to the area of ​​the weekly maximum, but so far it has not been possible to achieve significant progress in this matter. 

It is possible that today the level is 0.240 USD will provide support to the XRP price, then buyers will be able to continue the recovery. If growth is enhanced by large volumes, then by the end of the week the pair will test the level of 0.252 USD. 

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