Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/06/2019

Technical indicators on the daily timeframe form a downside signal.probability of a bullish momentum?

BTC / USD

Yesterday, the BTC/USD pair continued to consolidate within the side corridor of $9114 – $9600.In the first half of the day, the price pulled back below the hourly EMA55 level and tested the weak support of the purple dotted line.According to this upward support, there is a positive dynamics of the BTC price, despite the fact that the pair is moving inside a rather narrow corridor. 

Yesterday's volumes were not large, and buyers were unable to organize a bullish impulse, so many of the top alts were able to continue recovering.A similar situation was observed last month, when the price of BTC was consolidating and altcoin prices were rising.At the same time, Bitcoin's dominance in the crypto market was falling, but soon, the price of BTC showed growth, winning back its segmentThis could happen today. 

The price of Bitcoin, without waiting for the decline announced at the beginning of the week to the support of 8900.00 USD, will beginWe believe that in such a rush the pair canIt is easy to recover above the psychological "ten".this isremains just a guess. 

The Stoch RSI indicator lines on the daily timeframe have already left the overbought zone andhungThe signal is confirmed by the MACD indicator.The announced price reduction still has a fairly high chance.

ETH / USD
 

Yesterday, the hourly EMA55 provided support to buyers, and they were able to increase volumes without losing their advantage.Before the end of the day, the price of Ether tested the resistance of the 78.6% Fibo level (192.57 USD). 

Today, after a small nightly pullback, attempts to break through this resistance continue. If buyers succeed, then a re-test of the psychological mark of 200.00 USD is possible.

XRP / USD

Yesterday morning, the Ripple price failed to stay above the level of the middle line of 0.300 USD, and the pair rolled back to the hourly EMA55. 

In the second half of the day, buyers managed to hold out much longer in the upper part of the yellow corridor, but at night the level of average prices again acted as support. 

We believe that today buyers will be able to re-test the upper limit of the yellow range 0.310 USD, which did not take place yesterday.

  

 All price values are based on the data of the BitStamp exchange