Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 10.26.2019

Yesterday's powerful bullish impulse shocked all market participants. Overnight, the rise in BTC price was supported by largevolumes and broke through the psychological level of ten thousand dollars.

BTC / USD

Yesterday, in the first half of the day, the price of BTC continuedconsolidation in a narrow range above the support level of 7400.00 USD. While most altcoins showed a strong recovery, we could predict growth in BTC dynamics only in the area of ​​average prices (7600.00 USD). 

However, after breaking through the hourly EMA55 level,something happened that no one expected. The strongest bullish impulse, in just an hour, caused the Bitcoin price to jump to the resistance level of 8500.00 USD. By the end of the day, the price broke through this strongest resistance level and consolidated around 8600.00 USD. 

During the Asian session, volumes were even greater.At night, the bulls continued their crazy growth and broke through the psychological barrier of 10,000.00 USD. On the Bitstamp exchange, the maximum was recorded at 10350.00 USD, on Bitfinex – 10480.00 USD. On other exchanges there were highs above ten and a half thousand dollars.

In the morning, volumes began to decline, and a series of salesbrought the price down to the orange support area $9440 – $9600. We believe that after such a bullish run, the price will consolidate in this sideways range until the end of the week. We will try to analyze further BTC price dynamics in our weekly forecast tomorrow.

ETH / USD
 

Yesterday from the lower boundary of the orange ascendingchannel, the price of ETH began to grow rapidly and broke through the upper boundary of the channel, where we expected the pair to reverse. The powerful growth continued and in the evening the pair already tested the resistance at 186.00 USD, and by the end of the day the price of ether rolled back to support around 180.00 USD. 

During the night the rapid growth was supported by the samelarge volumes and the bulls almost failed to test the psychological mark of $200. The morning pullback returned the pair to the level of 186.00 USD, which now acts as support. 

We believe that by the end of this week, the price of Ethereumwill roll back a little more from the current consolidation level, to the area of ​​180.00 USD. Tomorrow we will try to determine the further dynamics of the broadcast for the coming week. 

XRP / USD

Yesterday in the first half of the day the pair consolidated at the hourly EMA55 level. Then the growth continued and buyers were able to quite easily overcome the resistance of 0.280 USD. 

In the afternoon, growth began to develop fromlightning speed. The pair broke through the lower border of the yellow range and pierced its middle line of 0.300 USD. At the end of the day, the XRP price rolled back into consolidation in the area of ​​0.290 USD. 

Overnight, the Asian bullish impulse pierced the upperthe border of the side corridor and set the maximum at 0.315 USD. In the morning, from the maximum point, the price returned to the side corridor, to the area of ​​​​its middle line. Today, consolidation will continue in the area of ​​the middle line of 0.300 USD. 

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