Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 02/18/2020

Today buyers will try to gain a foothold in the area of ​​average prices.

BTC / USD

Yesterday the bears broke through the lowerborder of the green ascending channel and continueddecline to the support level of 38.2% fibo (9441.98 USD). It seems that the decline in the orange range has stopped and the price has turned to recovery. 

In the evening, buyers were able to gain a foothold above the upper border of the orange corridor, but the low activity of market participants does not allow the BTC price to return to the green ascending channel. 

If today the bulls increase volumes, they will be able to break through the resistance of the lower border of the green channel and continue to recover above the average price level, to the psychological mark of 10,000.00 USD. 

If by the end of the day buyers do not have enough strength to gain a foothold in the ascending green channel, then on decreasing volumes the price will return to the sideways orange range. 

ETH / USD

The Ethereum price stopped declining yesterday and recovered above the two-hour EMA55 level. 

At night, the recovery continued, and the couple secured a foothold in the fillet corridor. Today, a retest of its upper limit is expected, which is capable of keeping the pair in a sideways range. 

If buyers can break through the resistance274.00 USD, then the price of ETH will consolidate above this level and try to use it as support to continue the recovery to the annual high zone. 

XRP / USD

Yesterday morning the price of Ripple tried to gain a foothold atthe support level of 0.280 USD, but in the first half there was still selling pressure and the price sank to the support area of ​​0.266 USD. In this area, buyers managed to seize the initiative and restore the XRP price to the yellow corridor. 

If the price can take advantage of the support from the lower border of the corridor, then today the pair will recover above the average price level and consolidate in the yellow side range. 

  

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