June 18, 2024

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 04/04/2019

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 04/04/2019

Until the end of last week, the bears failed to knock the market out of the sideways range. Earlier this week –increased bearish pressure is expected.

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 04/04/2019

The price of BTC spent almost the entire last week inlateral range. Buyers and sellers constantly struggled with the hourly EMA55 level, and now the moving average has come close to the Point of Control line (9114.68 USD). 

Yesterday morning, sellers pushed the pair below the average price level and pressed it to the fair price line, but until the end of the week they failed to knock the price out of the flat. 

On the daily time frame, the indicator left the zoneoverbought and hovering on the border with the neutral zone. Perhaps, at the beginning of this week, sellers will push through the support of the POC line (9114.68 USD) and roll back the price below the level of 8900.00 USD. 

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 04/04/2019
  

Last Wednesday, buyers' appetites were limitedlevel 78.6% fib (192.57 USD), but in the second half of the week sellers rolled the pair below the average price level and the consolidation range narrowed significantly. 

By the end of the week, buyers were unable to overcomeresistance is 186.00 USD, and sellers on Sunday pressed the price to support 180.00 USD. It is not yet possible to break through this support level, but we believe that at the beginning of this week the bears will be able to roll back the price to the POC line area (173.99 USD). 

XRP / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 04/04/2019

At the beginning of last week, buyers tested the upper border of the yellow corridor, and in the second half of the week, sellers rolled the pair below the middle line of the side range of 0.300 USD. 

Until the end of the week, the pair repeatedly fell outside the lower limit of the yellow range of 0.290 USD, but buyers sought to restore Ripple to the average price level. 

Now the sideways consolidation is still ongoing, but soon sellers may roll back the XRP price below the support of 0.280 USD. 

   

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