November 27, 2022

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/05/2019

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/05/2019

Will there still be an opportunity to recover to bullish goals?

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/05/2019

Yesterday morning, buyers tried stay in the region of the level of 7166.00 USD. At first it turned out badly, and the price all the time slipped to the level of 7100.00 USD, but closer to lunch we managed to gain a foothold above the resistance of 7166.00 USD. Soon, a strong bullish impulse, for some three to five minutes, broke through the resistance of 7400.00 USD and set a maximum at 7772.71 USD.

It was not possible to stay in the maximum area, the pricejust as quickly rolled back to the area of ​​7500.00 USD and it seemed that she could gain a foothold in this area. However, even before the end of the day, the pair returned to its previous level, from which the price gap began.

Following yesterday's auction, the intrigue witha further assault on the bull target levels of $ 8,000 - $ 8160 only intensified even more. If yesterday began under the resistance level of 7166.00 USD, then this night this pair supported the pair and in the morning the price is consolidating around 7200.00 USD.

Repeated bullish momentum might testpsychological mark of 8000.00 USD, but we believe that it will be difficult for customers to gain a foothold in this area. We continue to believe that leaving below the level of 23.6% Fibo (7026.59 USD) will permanently deprive buyers of the chance to test bull target levels.

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/05/2019

Yesterday, buyers were able to maintain the chances ofrecovery to the target level of 160.00 USD. During yesterday's trading, the pair made a break above the average price level and tested the level of 50% Fibo (151.94 USD). However, even before the end of the day, the price of ether returned to the area of ​​144.00 USD.

If today the rollback continues below the support of 140.00 USD, then the pair will lose the opportunity to test the bullish target of 160.00 USD in the near future.

XRP / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/05/2019

Yesterday, buyers were able to maintain the chances ofrecovery and did not allow the bears to push the price into the area of ​​the annual minimum. On the restoration, they managed to test the four-hour EMA55, but failed to gain a foothold in the region of average prices. Before the close of the day, the price returned to its previous level, to around 0.213 USD.

If sellers today increase sales and continue to decline to a minimum, then the price will go down no return zone to bullish goals.

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