Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 11/27/2019

Yesterday, the market recovery did not continue properly, and prices got stuck in a sideways range. What todayCan buyers do?

BTC / USD

Yesterday trading volumes decreased and recoverycouples paused. In the first half of the day, the BTC price managed to stay above the hourly EMA55, and the intrigue with the continuation of the recovery remained. However, already in the afternoon the pair sank below this level of average prices, but was able to consolidate in a narrow range, above the support of 23.6% fib (7026.59 USD). 

Thus, if buyers today are able to overcome the Point Of Control line (7160.88 USD), then they will again try to break through the resistance of 7400.00 USD. 

If sellers push through the support of the 23.6% fibonacci level, then the BTC price will return to the purple corridor. 

ETH / USD

Buyer activity was low yesterdaylevel – they could not decide to attack the 50% fib resistance (151.94 USD). During the day, the ETH price gradually rolled back to the area around 143.00 USD. 

Today the sideways trend is expected to continue in a widecorridor, between two Fibonacci levels. If it is not possible to increase volumes, then with low market activity, the decline in the price of ether will continue to the lower border of the corridor – 38.2% fib (135.17 USD). 

XRP / USD

Yesterday, bears kept the price of Ripple below the levelhourly EMA55. Only late in the evening, buyers made a desperate attempt to break through to the resistance of 0.230 USD, but the recovery was not supported by volumes, and as of this morning, the pair again returned below the average price level. 

Today attempts to break through to the Point of Control line(0.230 USD) may be repeated, and if they are supported by at least average purchase volumes, then the pair will be able to gain a foothold in consolidation in this area. Otherwise, the pair will simply continue to free fall into the zone of the annual minimum of 0.200 USD. 

 

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