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

Yesterday morning's recovery in prices could not stop the general decline of the market.

BTC / USD

Early yesterdayIn the morning, buyers were near the psychological mark of 10000.00 USD, but they failed to test the resistance of the average price level.Sellers did not give a chance for the price to recover and increased the pressure.In the evening, the pair was already testing the upper border 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 / USD

Yesterday, the four-hour EMA55 could not withstand the growing pressure of the bears, and the pair broke through the support of the average price level.Even before the end of the day, sellers managed to test the psychological level of 200.00 USD, but they have not yet been able to break through this support. 

Ether even managed to puncture it several times, but in the morning the pair rebounded to the area of 202.00 USD. 

On the daily timeframe, the indicator lines are heading from the neutral zone to the oversold zone, but have not yet reached the boundary at 20.We believe that today the decline in the ETH price will continue to the area of 78.6% Fib (192.57 USD), but for this it is necessary to overcome the resistance of the daily EMA55. 

It is not yet clear whether the bears will be able to reach the area with the highest trading volume (167.63 USD) by the end of this week.The dynamics of the breakout of the EMA55 moving average level on the daily chart will showus how soon the price can reach thisControl points. 

XRP / USD

Yesterday morning, the XRP price tried to break through the four-hour EMA55, which was in the resistance area of 0.280 USD.The local high was set at 0.286 USD. 

However, in the second half of the day, the bears resumed the pressure and returned the price to the low, which was set at 0.268 USD on Sunday.Today, the decline will continue toControl pointIndicatorprofile volume(0.255 USD). 

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