Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/15/2019

Yesterday, the market went flat from the downside. Will nearby support levels deter further decline??

BTC / USD

Bitcoin price exited consolidation yesterday and starteddecrease to the target mark of 8500.00 USD. Today, in the early morning, the pair reached a minimum around 8490.00 USD. On the hourly time frame, you can see a rather sluggish rebound to the area of ​​8550.00 USD, the BTC price is trying to consolidate at this level.

On the daily chart, the price has broken through the support of the two-hundred-day moving average, and we can only watch the reversalIf the level is 8500.00 USD, the pair is on recovery. 

If the bulls manage to seize the initiative, the price will recover to the level of 9200.00 USD.If theeight and a halfAs we mentioned in our medium-term forecasts, the market may continue falling towards 7950.00 USD.   

ETH / USD

Yesterday morning, the bears broke through the support level of the hourly EMA55 and reached the POC line (183.03 USD).Until the end of the day, the Point of Control line of the Volume Profile indicator kept the pair fromThis morning, sellers intensified their pressure and marked a low at 180.00 USD. 

A rebound to the area of 182.00 USD looks rather weak.try to hold on to the consolidation below the POC line but if the bears resumeincreased pressure, the nearest support may be the level of 176.00 USD. 

XRP / USD

Yesterday, buyers failed to break through the resistance of the hourly EMA55 and the pair left the narrowing consolidation range to the downside. 

The level of 0.260 USD is the nearest target level of the bears, but the pair has not yet reached this zone.Sellers failed to break through the blue descending trend line yesterday. 

Today the price will reach support of 0.260 USD and will try to consolidate in this area.

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