October 29, 2020

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 09.24.2019

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 09.24.2019

Yesterday's morning price recovery could not stop the general market decline.

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 09.24.2019

Early yesterday in the morning, buyers were near the psychologicalmarks 10000.00 USD, but they failed to test the resistance to the level of average prices. Sellers did not give a chance to recover prices and increased pressure. In the evening, the pair already tested the upper limit of the orange support area (9600.00 USD).

Like last week, the BTC price rebounded at nightfrom this level to the area of ​​9720.00 USD. We believe that today the bears will be able to reach the target level of 9441.98 USD, but will they have the strength to test support for 8900.00 USD this week? Indicator lines in the oversold zone, the pair will begin to recover soon. Perhaps the reversal level will be 38.2% of the Fibonacci (9441.98 USD).

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 09.24.2019

Yesterday, the four-hour EMA55 could not stand itgrowing bear pressure, and the pair broke through support for the level of average prices. Even before the end of the day, sellers managed to test the psychological level of 200.00 USD, but so far it has not been possible to break through this support.

All night, the price checked the strength of the defense of the two hundred dollar line for strength. Several times the ether even managed to pierce it, but in the morning the pair rebounded to the area of ​​202.00 USD.

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 09.24.2019

On the daily time frame, indicator lines fromneutral zones are sent to the oversold zone, but have not yet reached the border at 20. We believe that today the decline in the price of ETH will continue to the area of ​​78.6% Fibo (192.57 USD), but for this you need to overcome the resistance of the daily EMA55.

Will the bears reach the end of this weekthe price area with the highest trading volume (167.63 USD) is not yet clear. The dynamics of a breakthrough of the moving average EMA55 on the daily chart will show us how soon the price can reach this Control points.

XRP / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 09.24.2019

Yesterday morning, the XRP price on the recovery attempted to break through the four-hour EMA55, which was in the resistance area of ​​0.280 USD. It was possible to establish a local maximum at 0.286 USD.

However, in the afternoon, the bears resumed pressure and returned the price to the low, which was set on Sunday at 0.268 USD. Today, the decline will continue to Control point indicator profile volume (0.255 USD).

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