Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 03/06/2020

Can buyers today continue to grow?

BTC / USD

Yesterday, buyers managed to increase volumes andbreak through resistanceMidline 8970.00 USD.At the end of the day, Bitstamp set a daily high at 9169.00 USD, while Bitfinex set a daily high at 9186.50 USD. BTC price failed to break through the resistance at 9200.00 USD, falling back to the middle of the orange corridor.

If today"middle line"will provide support to the pair, then buyers will have a second attempt to test the upper limit of 9200.00 USD. The weekly maximum is possible in the area of ​​9300.00 USD.

It should be noted that on the daily time frameStoch RSI indicator lines have left the oversold zone into the neutral zone. Thus, in the near future, there is a possibility of a sharp price decline. 

ETH / USD

Yesterday, the price of ETH managed to stay in the regionthree-hour EMA55, and during the day buyers broke through the upper border of the yellow narrowing range. However, by the end of the day they were unable to consolidate above the resistance of 233.00 USD.

From below, the pair was supported by the POC line (228.31 USD), which did not allow the price to return to the yellow range. If it continues to hold the price of ether from falling today, then buyers could break through the resistance of 233.00 USD and set a weekly maximum somewhere around the 250.00 USD mark.

If the bears push through the upper boundary of the narrowing range, then a rollback below the psychological support of 200.00 USD is possible by the end of the week.

XRP / USD

Yesterday, buyers were able to significantly increasevolumes, but we can't boast about the results of the XRP price recovery yet. The pair broke through the resistance of 0.240 USD and consolidated above the upper boundary of the blue narrowing range. 

If the bulls can continue to increase volumes, thenthe maximum is possible around the 0.260 USD mark. However, if the upper limit does not hold the possible onslaught of the bears, the price will fall to the support of 0.219 USD. 

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