Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 03/12/2020

At the Asian session, bears pushed current support levels, and today prices will update March lows.

BTC / USD

Yesterday's attempt by buyers to restore the priceabove the psychological level of 8000.00 USD did not succeed. At the end of the day, this resistance turned the pair into a decline, and in the morning the price of Bitcoin fell back to the gray support zone of 7610.00 USD.

The pressure from the bears is pretty strong. Today, sellers can break through the lower border of the narrow support zone and roll back the pair to the area of ​​7300.00 USD.

We believe that the level of 23.6% Fibo (7026.60 USD) will stop the price drop and allow the pair to settle in a wide lateral range.

ETH / USD

There was no ether price recovery yesterdaysupported by large volumes. Buyers were not able to break the level of the EMA55 hourly and the price fell below the two hundred dollar mark. The bearish pressure was so strong that they managed to push the 78.6% Fibo level (192.57 USD) and update the March minimum at around 180.00 USD.

This morning, sales are significantlydeclined, but the price continues to decline and before the end of the day can reach support of 61.8% Fibo (168.70 USD). This level will pause the Ethereum price cut.

XRP / USD

Yesterday, the price of Ripple could not continue to recover. Bears sold support for the watch EMA55 and rolled back below the psychological level of 0.200 USD.

Today it is possible to break through the support of 0.188 USD and update the monthly minimum around 180.00 USD. At the end of the day, we expect a rebound from the minimum zone.

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