Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/04/2019

If the price pulls back below the current support level, then bullish target levels for an extended period of timewill be out of reach.

BTC / USD

Trading volumes remained very low yesterday and the BTC price continued to move sideways. The upper limit of the range narrowed closer to the hourly EMA55. 

Tonight, during a rollback to the lower limit of the range, sellerscarried away by the gameand pushed the price below the POC line.Around the 7166.00 USD mark, buyers have obvious problems with recovery. If this level fails to cope with support, then the price may sink even deeper, to the 23.6% fib level (7026.59 USD). Then we need to talk about the end of the local upward trend and the resumption of the bearish trend.

ETH / USD

Yesterday, Ethereum price consolidation continued in a narrowing range. Tonight the price broke through the lower boundary of this range and rolled back to the area around 144.00 USD. 

In the morning the decline stopped, butthere is no significant rebound. If the pullback continues to the support area of ​​140.00 USD, then a re-test of the supposed bullish target levels in the 160.00 USD area can be considered irrelevant. 

XRP / USD

Yesterday, throughout the day, buyers did notwere able to recover to the hourly EMA55. Until the end of the day, the pair lay on the support line of 0.219 USD, and at night sellers pushed the price to the area of ​​0.213 USD. 

If sales continue, the daily minimum may lie in the area of ​​0.205 USD. In this case, you can forget about the pair’s recovery to the area of ​​0.240 USD for a long time. 

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