Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10/15/2019

Nervousness in the market is increasing, there is a high probability of a sharp increase in volatility

BTC / USD

Yesterday morningat low volumes, buyers were unable to overcomethe level of average prices, and the pair rolled back to the lower limit of the range (8240.00 USD), which has stopped selling pressure since the middle of last week. 

After lunch, the market situation changed.Trading volumes increased sharply, and trading began to proceed nervously. The bullish impulse returned the pair to the level of average prices, and, despite the reciprocal bearish impulse, the pair was still able to consolidate at the hourly EMA55 level. 

If today buyers hold above the support of this moving average, then a retest of 8500.00 USD is possible.Will buyers continue to grow this week? 

If the bulls' attack is supported by large volumes, then the strength of the impulse may break through the resistance of 8900.00 USD and update the October maximum in the region of nine thousand. 

If the bears push through the level of 8240.00 USD, then with each approach of the price to the support of 8100.00 USD, the prospect of rapid growth will lose its chance of realization.The bullish breakout will lose its relevance after a re-test of the psychological level of 8000.00 USD. 

ETH / USD

Yesterday, the restoration of the airwaves was suspended forhourly EMA55. However, buyers were able to gain a foothold at the average price level and continued their recovery. A strong bullish impulse has broken through the resistance of 186.00 USD. At night, the maximum was set around 188.00 USD. 

If today the bears push through the hourly moving averageaverage EMA55, then the price of ether will return to support 180.00 USD. If, at the level of average prices, buyers are able to seize the initiative, then there is a weak chance of continuing growth. 

XRP / USD

Yesterday, Ripple trading volumes exceeded the average level. Before lunch, the bulls were able to achieve a re-test of the lower boundary of the yellow range, which until the evening kept the price below 0.290 USD. 

At night, another bullish impulse broke through this strongresistance and tested the middle line of the yellow corridor (0.300 USD). The middle line of the range has previously acted as resistance and often pushed the price to the lower limit of the range. 

We believe that now the lower border will work to keep the price in a sideways range. 

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