April 25, 2024

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10/14/2019

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10/14/2019

Yesterday's bullish breakout attempt was unsuccessful.

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10/14/2019

Yesterday, the price broke through the resistance of the hourly EMA55 level and set a local high around 8475.00 USD.The pair failed to gain a foothold below the resistance of 8500.00 USD.Strong bearish momentum before the end of the day pushed the price below the POC line. 

Buyers were able to stabilize the price in the range of $8240 – $8310.Further recovery is hampered by the four-hour moving average EMA55. 

Today buyers will fail to overcome this level of average prices and the pair will slowly continuedecrease to the area of 8000.00 USD. 

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10/14/2019

On Sunday, buyers tried again.break through to resistance at 186.00 USD. The price barely broke through the hourly EMA55 level and failed to reach the target level. The downward reversal took place around 184.00 USD. Until the end of the day, the pair tested the support of 180.00 USD. 

Overnight the pair recovered a little, but we believe that the level of average prices will limit the recovery of ether and today the price will roll back to the lineControl points177.93 USD.  

XRP / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10/14/2019

Yesterday buyers managed to pierce the levelresistance 0.280 USD, but the price was unable to gain a foothold above this level by the end of the day. At the end of the week, under the pressure of the bears, the price sank below the hourly EMA55 level. 

However, the bulls are still not giving up this weekstart with a breakout of the resistance of 0.280 USD. Buyers gained a foothold in consolidation on a bridgehead around the 0.283 USD mark with the goal of re-testing the lower border of the yellow corridor (0.290 USD).  

We believe that this strong resistance will turn the pair downward. And we determined the level of support in yesterday's review – by the end of the week the pair may roll back to 0.260 USD. 

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