Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 02/03/2020

The bulls slowed down slightly, but tonight they managed to renew their annual highs.

BTC / USD

INLast Sunday, the BTC price recovered to the lower border of the orange zone and consolidated in a narrow range. 

At night, the pair rolled back below the average price level.A bullish impulse formed there, with the help of which buyers tried to test the upper border of the orange resistance zone (9630.00 USD). However, the annual maximum was only updated to the level of 9615.00 USD, after which the price immediately returned to the area of ​​average prices.  

The hourly EMA55 held the pair all last weekfrom a deep pullback, and only at the end of the week sellers began to push the price below the average price level, to the support of 9200.00 USD. If today the moving average EMA55 keeps the pair from falling, then buyers will try to break through the upper resistance line and set a yearly high around 9800.00 USD. 

If sellers push the price below the hourly EMA55, the pullback will again stop in the support area of ​​9200.00 USD. 

ETH / USD

On Saturday, the moving average EMA55 heldthe price of Ethereum from the decline, and on Sunday morning the pair recovered to the area of ​​the yearly maximum (186.00 USD). During the day, the growth continued, the pair tested the 78.6% fib level (192.57 USD), which restrained price growth until late at night. 

In the morning, the bulls still managed to break through the resistance level and update the annual maximum at 195.00 USD. However, now the price is still below the 78.6% Fibonacci level.  

Today the bulls will try to settle above thisresistance level and test the psychological mark of 200.00 USD, but if the volumes are quite modest, then as a result the pair may roll back to the support of 186.00 USD. 

XRP / USD

Over the weekend, the level of 0.240 USD provided support for the XRP/USD pair and on Sunday, buyers broke through the resistance of 0.252 USD, setting a yearly high at 0.261USD. 

If the price can consolidate at level 0.252 USD, then growth will continue to the area around 0.266 USD. If this weak resistance level can be quickly overcome, then this week the bulls can test the more powerful level of 0.280 USD. 

 

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