Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/11/2019

Sellers managed to achieve some success yesterday.level of average prices?

BTC / USD

Yesterday, the BTC price continued to decline and reached the support of 7166.00 USD at the end of the day.At night, buyers recovered the pair above the descending purple trend line on very small volumes. 

Today, local battles are unfolding between market participants in this area.Buyers will try to retrace the price to the POC line (7333.85 USD), while sellers willSeek a breakout of the support at 7166.00 USD.We believe that in the second half of this week, the bears will be able to test the support of the 23.6% Fib level (7026.59 USD). 

ETH / USD

Yesterday, during the day, the pair was consolidating on the POC line for a long time, but in the second half of the day, sellers increased the pressure and rolled the price back to the support area of 144.00 USD.Over the past night, the couple tried to recover to the previous level, but so far they cannotbreak above the Point Of Control line. 

Today, the market is expected to retest the average price level and continue pulling back to the area of 141.00 USD. 

XRP / USD

Yesterday, sellers continued to dominate the market and pushed the Ripple price to the support of 0.219 USD.This level was able to reverse the pair and buyers restored the price to the downward trend line at night. 

Now they cannot overcome its resistance and there is a possibility that today sellers will break throughSupport at 0.219 USD.A daily low is expected at 0.213 USD. 

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