Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/13/2019

Today, buyers have a chance to restore prices above the resistance of the two-hour EMA55.

BTC / USD

Yesterday inmorning purple trend linewithstood the pressure of sellers and supported the price. Buyers were able to restore the pair above the resistance at 7166.00 USD and this is a good sign for further success.  

In the afternoon the pair gained a foothold on the linePOC (7194.07 USD) in a narrow range. At the end of the day, buyers tried to organize a breakout to the average price level, but the momentum turned out to be weak. 

Today, repeated attempts at recovery are possible, and if buyers manage to break through the two-hour EMA55, they could test the resistance at 7400.00 USD. 

If it fails to break above the average price level, the pair will return to the support of the trend line. 

ETH / USD

Yesterday the price of Ethereum was able to recover quite wellfrom the overnight minimum. Buyers were able to return the pair above the support level of 144.00 USD and tested the moving average EMA55. However, it has not yet been possible to gain a foothold above the average price level and now the price is consolidating below it in a narrow range. 

If today the bulls break through the two-hour levelEMA55, the pair will be able to gain a foothold above the POC line (147.87 USD). If buyers fail to break through this resistance, the pair will return to the low of 140.00 USD.

XRP / USD

Yesterday, buyers were able to compete at level 0.219 USD still overcame this resistance, but further recovery of the pair stopped at the level of average prices. Buyers stormed the blue trend line several times, but so far they have not been able to break higher. At the end of the day, the pair rolled back below the support of 0.219 USD. 

Today there is a possibility of a breakout of the trend lineand recovery above the POC line (0.221 USD). But will the couple be able to gain a foothold in this area for a long time? If buyers support growth in large volumes, then there is a chance to gain a foothold above the Point Of Control line. Otherwise – the pair will roll back to the area of ​​yesterday's low. 

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