October 25, 2020

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

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

Today, the lateral price movement will continue. At the end of the week, a pullback to the nearest levels is expected support.

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

Yesterday, the BTC price continued its lateral movement. One of the attempts of buyers to gain a foothold above the watch EMA55 was successful.

This morning the pair is above the levelaverage prices, around the mark of 9233.00 USD. If buyers can increase volumes, then the price will test the level of 38.2% Fibo (9441.98 USD). Otherwise, their shaky advantage will dissipate, and the price will roll back to nine thousand.

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

Yesterday morning, customer attemptsto break the sentry EMA55 were unsuccessful. Only after the price indicated a minimum at around 177.00 USD, buyers showed interest, and at the end of the day broke the level of average prices.

Until this morning, managed to stay above the moving average EMA55, but now the volumes are reduced and the pair may return to the support area of ​​180.00 USD.

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

Yesterday morning, buyers abandoned their attempts to recover to the middle line of the yellow corridor. Sellers had an advantage in the market and managed to push the price of XRP beyond the side corridor.

In the region of 0.287 USD, buyers seized the initiative and not only returned to the yellow range, but also consolidated above the average price level in a narrow consolidation.

We believe that buyers will not be able to hold their won positions for a long time and the price will again roll back to the lower border of the corridor, and on Sunday it will test the support of 0.280 USD.

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