Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 03/27/2020

Yesterday, buyers could not significantly restore the price. What can be expected today?

BTC / USD

Yesterdaybuyers failed to organize a breakout of the 23.6% Fibo level (7026.60 USD).From the level of average prices, the pair lazily passed half of the distance, and in the morning it returned to the hourly EMA55. 

If sellers fail to push through the support of the upper border of the blue corridor, then a breakout to the area of $7200 – $7300 will remain relevant. 

A pullback below the psychological level of 6,000.00 USD may indicate the end of the recovery and the continuation of the downtrend within the descending blue channel. 

ETH / USD

Yesterday, the Ethereum price was balancing at 38.2% Fib (135.17 USD), trying not to fall into a deep pullback.At the end of the day, buyers recovered the pair above the average price level, and at night, ethertried to gain a foothold around 140.00 USD. 

If today sellers pull back below the support of 38.2% Fibonacci, then buyers will continue to recoverDeep pullback below 120.00 USD – cancomplete the recovery phase, and in the near future the price of ETH will fall to the area of a yearly low of 88.20 USD. 

XRP / USD

Yesterday, the price of Ripple consolidated above the hourly EMA55 all day.In the Asian session, buyers worked hard to restore the pair and tested the level of 180.00 USD. 

If the morning pullback is shallow, then the recovery maycontinue to the target resistance level of 0.187 USD.return to the area of the POC line (0.162 USD). 

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