Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 02/02/2019

After some pullback, buyers will be able to continue price recovery to target bullish levels.

BTC / USD

At the weekend, the bulls could not overcome the resistance of the eight-hour EMA55. Buyers lost the initiative and the pair could not resist consolidation at the level of average prices.

On Saturday, trading volumes decreased and the BTC price rolled back to the support of 7400.00 USD, and on Sunday sank even lower than the support level.

Yesterday, buyers tried several times to rectify the situation and recovered above the level of 7400.00 USD, but failed to gain a foothold above small volumes.

Today, the price of Bitcoin may sink to the area.the support is 7166.00 USD, and if the sellers pressure intensifies, the rollback will stop only at the level of 23.6% Fibo (7026.59 USD). After re-testing this support level, until the end of this week, the bulls will again try to reach the target area of ​​$ 8000 - $ 8160.

ETH / USD

At the end of the week, market activity was low, but the price of Ethereum could not stay in consolidation above the support of 50% Fibo (151.94 USD).

On the first of December, the pair rolled back to the mark area146.00 USD, and buyers tried to restore the price to the level of 50% fibonacci. Recovery was not supported by large volumes, and we believe that today the pair will not be able to gain a foothold in the area of ​​the sentry EMA55.

Perhaps the price will go down to the area of ​​144.00 USD and after short-term consolidation, the bulls will be able to resume the assault on the resistance of 160.00 USD.

XRP / USD

At the beginning of last week, buyers restoredthe price of Ripple to the watch EMA55, and since Wednesday the pair has steadily held above the level of this moving average. However, by the end of the week trading volumes fell significantly, and the pair fell below the average price level to support 0.220 USD.

It should be noted that pressure fromThere were no sellers and buyers were able to restore the pair to the previous level, but it has not yet been possible to gain a foothold in the region of average prices. This week may begin with a pullback to 0.215 USD, and then the bulls will resume attempts to break through the downtrend blue trend line.

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