Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 03.24.2020

Some continued growth is possible today.

BTC / USD

Yesterday, buyers increased their purchase volumes and were able to...overcome the resistance of the hourly EMA55.In the afternoon, the pair had already tested the upper limit of the downward channel, but sellers sought to keep the price in the blue corridor and rolled it back to the area of ​​6300.00 USD. 

By the end of the day, trading volumes fell belowaverage level and growth has stopped. At night, on small volumes, buyers broke through the upper border of the blue corridor, but it is not yet possible to go beyond the descending channel. 

We believe that today attempts to gain a foothold higherthe boundaries of the downward trend will continue. There is a chance to test the 23.6% fib resistance (7026.60 USD), but soon the pair will roll back below the psychological levelsix thousandand will return to the area of ​​the POC line (5348.88 USD). 

ETH / USD

Yesterday, buyers formed a strong impulse and broke through the resistance at 38.2% fib (135.17 USD). However, volumes quickly decreased and the pair consolidated in the area of ​​average prices. 

At night, on declining volumes, buyers approached the 38.2% Fibonacci level and tried to use it as support. 

If this level keeps the price of ether today fromdecline, then buyers will be able to continue to rise around the 144.00 USD mark. In this area, sellers can resume selling and roll back the pair to the support of 23.6% fib (114.43 USD). 

XRP / USD

Yesterday, buyers managed to gain a foothold above the average price level, and tonight the local maximum was set at 0.163 USD. 

Today, growth may continue to the area of ​​0.170 USD. With a strong bullish impulse, a re-test of the resistance at 0.187 USD cannot be ruled out. 

When purchase volumes begin to decline – the pair will roll back below the hourly moving average EMA55. 

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