September 26, 2020

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

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

Yesterday's powerful bullish momentum shocked all market participants. At night, BTC price growth was supported by large volumes and broke the psychological level of ten thousand dollars.

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

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

However, after breaking the level of the sentinel EMA55,something happened that no one expected. A strong bullish impulse, in just an hour, forced the price of Bitcoin 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 fixed in the region of the mark of 8600.00 USD.

In the Asian session, volumes were even greater. At night, the bulls continued their crazy growth and broke the psychological barrier of 10,000.00 USD. On the Bitstamp exchange, the maximum was fixed 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 salesknocked the price into the area of ​​orange support $ 9440 - $ 9600. We believe that after such a bull run until the end of the week, the price will consolidate in this lateral range. We will try to analyze further dynamics of the BTC price in our tomorrow's weekly forecast.

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

Yesterday from the bottom of the orange ascendantof the channel, the price of ETH began an intensive growth and broke through the upper border of the channel, where we assumed the pair to reverse. The strong growth continued and in the evening the pair already tested the resistance of 186.00 USD, and by the end of the day the price of the ether rolled back to support around 180.00 USD.

At night, rapid growth was supported by the samein large volumes and the bulls almost managed to test the psychological mark of $ 200. The morning rollback returned the pair to the level of 186.00 USD, which now acts as a support.

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

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

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

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

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

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