October 22, 2020

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/05/2019

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/05/2019

Yesterday, prices recovered within the lateral range. Can buyers today continue to grow?

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/05/2019

Sellers failed again yesterday morningpush the BTC price below the POC line (9114.68 USD) and the pair continued to move sideways. On small volumes, the price recovered above the hourly EMA55.

At night, buyers managed to increase volumes and the price pierced the level of 38.2% Fibo (9441.98 USD), but the pair could not leave the upper limit of the lateral range.

Customers may try again today.break out of the sidewall, but we believe that until the end of the day the pair will remain within the lateral corridor of $ 9114 - $ 9600. The breakthrough to the support of 8900.00 USD, as before, remains relevant.

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/05/2019

The price movement within the lateral range yesterday continued. From the support level of 180.00 USD, the pair recovered to the resistance of 186.00 USD.

In the evening, buyers increased volumes and were even able to establish a local maximum outside the sidewall, around the level of 189.00 USD. However, tonight the price returned to the limits of the weekly flat.

If buyers do not lose the initiative and continueincrease the volume, then during the day there is a chance to test the resistance of 78.6% Fibo (192.57 USD). If sellers roll back the price below the hourly EMA55, then the sideways will continue.

XRP / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/05/2019

Yesterday, the lateral Ripple price movement continued within the yellow corridor. From the lower border of 0.290 USD, the pair recovered above the midline of the corridor of 0.300 USD.

If buyers can stay above averagelines, today a re-test of resistance of 0.310 USD is possible. If it fails to fix above the middle line of the corridor, then the XRP price will return to the hourly EMA55.

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