October 1, 2022

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

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

Sellers yesterday managed to achieve some success. Will buyers now be able to restore pairs to level of average prices?

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

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

Today between market participants in this areaturn around local battles. Buyers will try to restore the price to the POC line (7333.85 USD), and sellers will seek a breakthrough of support 7166.00 USD. We believe that in the second half of this week, the bears will be able to test support for the level of 23.6% Fibo (7026.59 USD).

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

Yesterday during the day the couple for a long timekept in consolidation on the POC line, but in the afternoon sellers increased pressure and rolled back the price to the support area of ​​144.00 USD. Over the past night, the couple tried to recover to their previous level, but so far can not break above the Point Of Control line.

Today, a re-test of the level of average prices and the continuation of the rollback to the area of ​​141.00 USD are expected.

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

Yesterday, sellers continued to dominate the market and sold the Ripple price to support 0.219 USD. This level was able to expand the pair and buyers at night restored the price to a downtrend.

Now they can’t overcome its resistance and it is likely that today sellers will break the support of 0.219 USD. The daily minimum is expected in the area of ​​0.213 USD.

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

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