November 27, 2022

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/10/2019

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/10/2019

At night, the evening rollback stopped. Will the next levels of support withstand the next onslaught of sellers?

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/10/2019

Yesterday morning, sellers sold the watch EMA55, butbuyers did not abandon their venture with a breakthrough of the gray zone, and until the evening they tried to restore the pair above the resistance area. At some point, volatility increased sharply and a strong bullish momentum broke through the level of 7600.00 USD. BTC price growth stopped at a maximum of 7666.00 USD.

The reaction of the sellers was immediate. Large volumes of sales quickly rolled back the price to the support of 7400.00 USD, and at the end of the day the bearish pressure increased and the price tested the downward purple trend line. She limited the price reduction and already in a calm market helped buyers recover at night to the area of ​​7400.00 USD.

If customers can continue this morningrecovery above the level of 7400.00 USD and return the pair to the hourly EMA55, then within a week they will still be able to compete for the target levels of the bulls ($ 8000 - $ 8160).

If after yesterday's active struggle, buyers allow themselves to relax, then they will not be able to overcome the resistance of 7400.00 USD, and the decline will continue to support 7166.00 USD.

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/10/2019

Yesterday morning, the price of ETH rolled back to the hourly EMA55. This level of average prices supported and buyers again tried to storm the 50% Fibo level (151.94 USD). The unsuccessful attempt ended with a rollback below the POC line (147.99 USD).

Tonight, buyers suspended the price decline in the region of 147.00 USD, but so far it has not been possible to restore the pair above Point Of Control.

If during the day the trading volumes are low, then the pair will spend in a narrow lateral range on the POC line until the end of the day.

XRP / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/10/2019

Yesterday's attack on buyers levelResistance 0.230 USD ended with a rather unexpected pullback. The downward blue trend line could not stop sales and the price stopped the decline at a minimum of 0.221 USD.

At night, buyers tried to correct the situation and restore the price. However, the trend line now acts as resistance, and even at medium volumes, buyers can not yet overcome it.

If sellers do not stop pressing, the price will continue to roll back, and today there is all hope for support of 0.219 USD, which may limit the decline in the pair.

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