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

Sellers supplant the price from the corridor of consolidation, but soon a bull impulse is possible.

BTC / USD

On the weekendThe price of Bitcoin tried to stay in the side range under the Point of Control indicator line (8644.11 USD). & nbsp;

On Sunday, an unsuccessfulBuyers' attempts to break through the resistance of the POC line and return to the orange side corridor $ 8800 – $ 9200. Sellers responded with large sales that updated the local minimum to the mark of 8410.00 USD, expanding the consolidation range. & Nbsp;

We believe that the uncertainty of the market will remain andIn the early days of March. Buyers will be able to continue attempts to break into the orange corridor, and bears will even more expand the consolidation range and test the level of 8200.00 USD. & nbsp;

ETH / USD

At the end of last week, the price of EthereumConsolidated at a level of 100% fibo (222.98 USD). The couple was fixed in a yellow tapering corridor, but on Sunday the sellers pierced the lower border of the corridor and tested the support of 212.00 USD. & Nbsp;

The price returned to the yellow borders tonightCorridor, but buyers have not enough strength to overcome the 100 % fibonacci level. If during the day the pressure of the bears resumes, then the price will fall out of the yellow range and test the psychological level of 200.00 USD. & Nbsp;

However, on the daily time frame, indicatorStoch RSI lines are deep in the oversold zone and indicate a possible surge in customer activity. If in the near future the bulls will be able to form an impulse, then they will easily test the resistance of 233.00 USD.

XRP / USD

Last weekend, the price of Ripple was inBlue tapering range. On Sunday evening, sellers replaced the price from this range and until this morning the couple could not return to the narrowing area of ​​consolidation. & Nbsp;

Now trading volumes have fallen dramatically, and the pricemay roll back to support 0.219 USD. However, today buyers can increase their purchases and restore the pair to the upper limit of the blue range (to the resistance area of ​​0.240 USD).

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