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 / USD

Yesterday buyers continued attempts to restore the priceBTC to the psychological level of 8000.00 USD. In the morning, they made their way through the hourly EMA55, and in the evening they were able to test the purple trend line, which limited Bitcoin price growth since the beginning of November.

The four-hour time frame clearly shows how the price consolidates in a narrow range at the level of average prices and cannot overcome the resistance of the purple dashed line.

Bulls so far retain a chance to break through this local trend resistance. However, the more time the couple is in consolidation, the less chance buyers have for a breakthrough.

ETH / USD

Early morning yesterday buyers weak bullishmomentum set the price of Ethereum upward direction. On declining 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 level of the Point Of Control line (147.87 USD).

On older time frames, indicators indicate the possibility of a breakthrough of the 50% Fibo level (151.94 USD). However, if the bulls do not increase volumes, then the price can dissipate the potential in the lateral direction.

XRP / USD

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

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