May 25, 2022

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/22/2019

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/22/2019

After yesterday's monthly low, there are weak hopes for continued market recovery, but given small purchases decline may continue to stronger support levels.

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/22/2019

Yesterday a strong bearish impulse knocked a pair outnarrow consolidation and broke through the lower border of the yellow side corridor. The daily minimum is set at 7394.09 USD. The BTC price pierced the key support at 7400.00 USD and rebounded to the area of ​​7650.00 USD. The rebound is rather weak, at very low volumes.

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/22/2019

On the daily time frame, indicator lines have entereddeep into the oversold zone, and if we assume that 7400.00 USD is a reversal zone, today the price may recover in the yellow side corridor, as it was on October 25th.

However, last month, we already talked about morestrong support at 23.6% Fibo (7026.59 USD). If buyers are now unable to seize the initiative and form a bullish momentum, then the price will go down to the area of ​​7000.00 USD.

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/22/2019

Yesterday, the bears did not give buyers any chance of recovery, and from the lateral range they pushed the price to a new November low at 155.53 USD.

During the night, the price of ETH rebounded to the area of ​​162.00 USD, but looking at small volumes, it is difficult to say whether the recovery will continue in the near future.

On the daily time frame, the indicator rolls over in the oversold zone, but the decline may continue to the support level of 50% Fibo (151.94 USD)

XRP / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/22/2019

Yesterday morning, buyers could not overcomeSentry EMA55, and on this attempt to recover completely stopped. Strong bearish pressure rolled the Ripple price to a new monthly low of 0.235 USD.

During the night, the price recovered slightly, but the recovery of the pair is not supported by volumes and it is still difficult to count on continued growth. We believe that today we are expected to return to the zone of yesterday's low.

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