March 28, 2024

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/06/2019

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/06/2019

Today, buyers will continue to attempt to restore prices above current resistance levels.

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/06/2019

Yesterdaybuyers continued to try to restore the priceBTC to the psychological level of 8000.00 USD. In the morning they broke through the hourly EMA55, and in the evening they were able to test the purple trend line, which had limited the growth of Bitcoin prices since the beginning of November.  

On the four-hour time frame, you can clearly see how the price is consolidating in a narrow range at the level of average prices and cannot overcome the resistance of the purple dotted line. 

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/06/2019

The bulls still have a chance to break through this local trend resistance. However, the more time the pair spends in consolidation, the less chance buyers have of a breakthrough. 

 

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/06/2019

Yesterday early in the morning, buyers were weakly bullishimpulse set the price of Ethereum in an upward direction. With decreasing volumes, the pair overcame the resistance of the hourly moving average EMA55 and was able to gain a foothold in a narrow range at the Point Of Control line (147.87 USD). 

On higher time frames, indicators indicate the possibility of a breakout of the 50% fib level (151.94 USD). However, if the bulls do not increase volumes, then the price may dissipate the potential sideways. 

XRP / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/06/2019

Ripple Price Starts Recovery Yesterday at Smallvolumes. In the afternoon, the pair overcame the resistance of the sentry EMA55, and in the evening, buyers increased volumes, as a result of which they achieved a local maximum at 0.227 USD. At night, the price rolled back to around 0.222 USD.

If today the POC line (0.220 USD) will provide support to the pair, then the recovery may continue towards the resistance of 0.230 USD. If sellers sell Point Of Control, the pair will return to the average price level. 

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