Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 02/04/2020

Prolonged market consolidation in the area of ​​average prices can lead to a rollback to trend linessupport.

BTC / USD

Yesterday sellers sold the watch EMA55 andcontinued to lower the price of BTC to support 9200.00 USD. At the end of the day, a daily minimum is set at around 9211.00 USD. Over the past night, buyers tried to restore the price, but all attempts are limited by the level of average prices. Break above the moving average EMA55 is not yet possible.

Today the decline may continue.Sellers can push the support at 9200.00 USD and test the green ascending trend line. We believe that it will be able to hold the pullback and help the price return to a wide sideways range between the support of 9200.00 USD and the 38.2% fib level (9441.98 USD). 

ETH / USD

Yesterday trading volumes were quite modest.The price of Ethereum was unable to continue its growth and rolled back to the level of average prices. At the end of the day, sellers broke through the support of the hourly EMA55 and marked a local minimum in the area of ​​186.00 USD. 

At night, buyers tried to recover the price, butin the morning, the pair is still below average prices. Today, a support breakthrough of 186.00 USD and a re-test of the green support line are possible. This trend line can help buyers with the recovery of the pair to the level of 78.6% Fibo (192.57 USD).

XRP / USD

Yesterday, the XRP price was unable to gain a foothold above the support of 0.252 USD. The pair marked a daily low at 0.246 USD and at night tried to recover to the previous level. 

It has not yet been possible to achieve success, but we believe that after a re-test of the lower border of the green ascending channel, buyers can increase activity and test the resistance of 0.266 USD. 

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