Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 03/04/2020

The market is held in consolidation. Soon, buyers will try to break through the upper limit of the range.

BTC / USD

Yesterday, in the morning, the lower limitthe orange range (8800.00 USD) kept the BTC price from declining, but after lunch, sellers were still able to roll back the pair to the POC indicator line (8644.11 USD). Before the end of the day, buyers returned prices to the previous level and the market consolidation in a sideways range continued. 

Today we expect a breakthroughMidline range (8970.00 USD) and re-test of its upper limit 9200.00 USD. 

ETH / USD

Yesterday buyers were unable to overcomeresistance is 233.00 USD and the price of ETH remains in a narrowing range. In the evening, the pair tested the lower border of the yellow corridor, which was able to keep the price within this corridor. 

If trading volumes remain low todaylevel, then the ether will continue to “hang out” near the 100% Fibonacci level. If buyers are able to become more active in the market and increase volumes, then a breakout of the upper border of the corridor and a rise to the area of ​​250.00 USD is possible. 

XRP / USD

Yesterday, sellers did not allow the pair to go beyond the upper limit of the blue range. They pushed the price below the POC line (0.236 USD) and tested the lower border of the narrowing corridor. 

At medium volumes, the Ripple price will continue to consolidate in this corridor, but if buyers can increase volumes, the pair will test the level of 0.260 USD.

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