June 18, 2024

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 sideways price movement will continue. At the end of the week a rollback to the nearest levels is expectedsupport.

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

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

This morning the pair is above the levelaverage prices, around the mark of 9233.00 USD. If buyers are able to increase volumes, the price will test the 38.2% fib level (9441.98 USD). Otherwise – their precarious advantage will dissipate and the price will fall back to nine thousand.  

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

Yesterday in the morning attempts by buyersbreaking through the hourly EMA55 were unsuccessful. Only after the price marked a minimum around 177.00 USD, buyers showed interest, and at the end of the day they broke through the average price level. 

Until this morning, we managed to stay above the moving average EMA55, but now volumes are declining 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. The sellers had an advantage in the market and managed to push the XRP price out of the side corridor. 

Around the 0.287 USD mark, 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 long 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