Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/14/2019

Yesterday the market maintained balance in a sideways range; today there is a high probability of a bullish breakout.

BTC / USD

Yesterday, trading volumes were low and during the day the BTC price volatility did not exceed 1.5%. The pair continued consolidation, further narrowing the range to the hourly EMA55 level. 

Our forecast for exiting consolidation yesterdayremains relevant: in the near future, the pair may test the resistance of 9200.00 USD. A bullish impulse may knock a pair out of the flat from the average price level or restore the price after a false bearish breakout to the support of 8500.00 USD.

ETH / USD

Yesterday, buyers managed to gain a foothold above the hourly EMA55 and maintain the momentum with rising lows until the end of the day. 

IfMarket Makersdid not plan a bearish impulse into the arealine POC (182.86 USD), then soon the price of Ethereum will break through the resistance level of 78.6% fibo (192.57 USD) and test the psychological mark of 200.00 USD. 

XRP / USD

Yesterday, the XRP price continued its consolidation usingsupport level 0.270 USD. From above, the consolidation range was narrowed by the descending hourly EMA55, which limited the attempts of buyers to restore the price of Ripple. 

Today the pair will leave this range and on recovery will test the resistance of 0.280 USD. 

  

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