March 29, 2024

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, bears dominated the market and by the end of the day they rolled back the BTC price to the area around 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 looks like it’s too early to talk about restoration,because judging by the indicators on higher time frames, today we should expect a continuation of the decline. If sellers continue to dominate, 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 organizerecovery of the pair, but stuck slightly above the level of average prices, around the 176.00 USD mark. 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 probablyIt will not be possible to gain a foothold in consolidation at this level. Today the pair will continue to decline towards the support level of 61.8% fib (168.70 USD). We believe this strong reversal level will stop the decline in Ethereum price this time. 

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

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

If the pressure from sellers does not decrease, they will be able to push through the support of 0.290 USD and continue to reduce the price 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 is already the thirdkeeps the XRP price from declining for a week. If this time this level of average prices stops the rollback, then the pair may continue to move in a flat.  

 

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