July 21, 2024

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10/19/2019

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10/19/2019

Today, the price is expected to consolidate sideways.

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10/19/2019

Yesterday morning, the bears continued to dominate,As the pressure eased and volumes decreased, the pair rebounded to 7900.00 USD. 

In the second half of the day, buyers tried to restore the price to the psychological level of 8000.00 USD, but so farIt was not possible to test this level. 

It seems that today the pair will fail to overcome the resistance of the average price level and will return to yesterday's low.Low activity of market participants will allow the price to consolidate in this area. 

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10/19/2019

Yesterday morning, the bears increased the pressure and tested the target decline level of 61.8% Fibo (168.70 USD).After a rebound from this strong support level, buyers tried to restore the pair to the level of average prices, but failed to gain a foothold in this area. 

Bulls found support around 172.00 USD.If today the trading volume will below, the price will try to stay in consolidation in this area until the end of the day. 

XRP / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10/19/2019

Yesterday in the first half of the day, the bears still managed to squeeze the price out of the yellow corridor, but when sales declined, the pair was able to return to the yellow sideways range. 

In the second half of the day, the bears again tried to push through the lower border of the corridor, but the support of 0.290 USD coped with the strong onslaught of sellers and kept the pair within the range until the end of the day. 

Today, in the absence of pressure from the bears, the price will continue to move in the yellow sideways corridor.It is even possible to re-test the middle line of 0.300 USD, but by the end of the week a new wave of sales maysend the pair to decline to the support of 0.280 USD. 

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