October 29, 2020

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10.23.2019

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10.23.2019

Yesterday's decline is suspended, but may soon continue to the nearest support levels.

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10.23.2019

Yesterday afternoon, the bears dominated the market and by the end of the day they rolled back the BTC price to the area of ​​8100.00 USD.

Tonight, the decline continued, and the pairreached a minimum at 7989.15 USD. In the morning there is a low rebound to the psychological level of 8000.00 USD. In this area, the couple can spend some time in consolidation.

It seems too early to talk about recovery,because judging by the indicators on the older time frames, today we should expect a continued decline. If sellers continue to dominate, then a rollback to the area of ​​7800.00 USD is possible.

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10.23.2019

Yesterday morning, buyers tried to arrangerecovery of the pair, but stuck just above the level of average prices, around the mark of 176.00 USD. It was not possible to increase the volume of purchases and the pair began to slowly decline. At night, the price of ether reached a local minimum at 170.47 USD.

Now there is a slight rebound, but probablyconsolidation in consolidation at this level does not work. Today the pair will continue to decline to support the level of 61.8% Fibo (168.70 USD). We believe this strong reversal level and this time will stop the decline in the price of Ethereum.

XRP / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10.23.2019

All yesterday's trading on Ripple took place inyellow side range. Last night, sellers increased pressure and rolled back the price to the lower border of the corridor, but in the morning the pair is still within range.

If the pressure from the sellers does not decrease, then they will be able to push support at 0.290 USD and continue to reduce prices to the area of ​​0.280 USD.

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10.23.2019

On the other hand, the four-hour EMA55 has kept the XRP price from declining for the third week. If this time this level of average prices stops the rollback, the pair can continue to move in flat.

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