Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10/11/2019

Will buyers have enough strength today for another bullish momentum?

BTC / USD

Yesterday the price of BTC was able to holdabove support 8500.00 USD.In the first half of the day, some bearish pressure was felt and the price sank below the support level, but by the end of the day, buyers were able to seize the initiative and return it to the area around 8555.00 USD. 

As of this morning, trading volumes have decreased significantly and the pair is again rolling back to the eight and a half mark. 

The technical prerequisites for a re-test of the resistance at 8900.00 USD are not yet visible, however, before a decline to the area of ​​7400.00 USD, market makers could well implement a false bullish breakout. 

On the daily time frame, indicator linesformed a signal to decline. Today, the support level of 8500.00 USD may not be able to withstand the next onslaught of sellers and then we will expect an intensive decline in the support area of ​​8100.00 USD.

  

ETH / USD

Ethereum price could not stay higher yesterdaylevel 78.6% fib (192.57 USD). In the first half of the day, under pressure from sellers, the pair rolled back to the area of ​​average prices, and in the second half – buyers unsuccessfully tried to gain a foothold above the 78.6% Fibonacci level. 

Today, attempts to break through to the resistance of 200.00 USD may be repeated, but if the bears reverse the price and roll back below the hourly EMA55 level, then a decline to the area of ​​180.00 USD is possible. 

XRP / USD

Yesterday the bears didn't give a single chancebuyers to test the target level of 0.290 USD. In the morning they rolled back the pair below the average price level, and in the afternoon they set a local minimum at 0.266 USD. 

Only in the afternoon were buyers ableconsolidate the price of Ripple around 0.270 USD. Today they will make another attempt to reach the lower border of the yellow corridor. If this works out, then from this level the pair will turn down towards the support of 0.260 USD. 

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