Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 02.27.2020

Bears pierced targeted support levels. Will buyers be able to start price restoration from theselevels?

BTC / USD

Yesterday in the afternoon the bears resumedThe pressure and price of BTC reached the midline of the range $ 8800 – $ 9200. However, it was not possible to suspend a decrease at 8970.00 USD. Until the end of the day, the bears pierced the lower boundary of the range of 8800.00 USD, and at the Asian session a week is installed at least at the point of 8520.00 USD. & Nbsp;

On large timers, indicator lines enteredDeep in the resold zone – This indicates the possibility of a speedy price restoration. If we consider the half -hour half of the frame, then after the minimum point you can see signs of weak recovery to low volumes. & Nbsp;

If today the couple cannot overcome the resistance of 8800.00 USD and return to the yellow range, then it is early to talk about a significant price restoration. & Nbsp;

If customers still manage to gain a foothold above the lower border of 8800.00 USD, then it is possible to restore a local recovery by nine thousand or to the upper boundary of the corridor 9200.00 USD. & Nbsp;

ETH / USD

Yesterday, sellers pierced the support of 233.00 USD and pierced the level of 100% fibo (222.98 USD). It seemed that the 100 % level of Fibonacci would be able to deploy the price for recovery, since until the end of the day the couple bounced into the support area of ​​233.00 USD. However, the bears increased pressure at night and pierced support for 217.00 USD. & Nbsp;

Due to the resold of the market, there is a hope thatOrange support will be able to maintain a couple in some consolidation today under a level of 100% Fibonacci, but with a strong pressure of sellers – A re-test of psychological mark 200.00 USD. & nbsp is possible;

XRP / USD

The price of Ripple could not stay inConsolidation in the area of ​​0.240 USD and continued to decrease to orange support of 0.219 USD. The Point of Control line (0.236 USD) significantly slowed down the decrease and did not allow the bears to test this support level. & Nbsp;

The daily minimum is installed at point 0.223 USD, after which some price restoration is traced, but the purchases are still very small and do not allow the couple to return to the POC line (0.236 USD). & Nbsp;

We believe that today is level 0.219 USD will be able to keep the XRP price from further decline to the area of ​​0.200 USD, but so far there are no reliable technical signs confirming a significant recovery of the pair.

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