June 18, 2024

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/20/2019

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/20/2019

The rollback from the recent high ended with a short-term consolidation.Today, a second breakthrough in thezone of maximum.

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/20/2019

Yesterday morning, it continued to the support level of 23.6% Fib (7026.59 USD), near which the price volatility decreased significantly.Buyers tried to restore the price to the weekly high, but failed to gain a foothold above the resistance of 7166.00 USD.Trading volumes fell significantly and the price of BTC consolidated in a sideways range below this level. 

Today, buyers will continue trying to break above the Point of Control line (7216.78 USD) to gain a foothold in the resistance area of 7400.00 USD.In opposition, sellers may bring down prices to the support of the 23.6% Fibonacci level. 

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/20/2019

At the beginning of yesterday, the pair slowed down around 126.00 USD, and at the low of 125.60 USD, the pair reversed to recover.Buyers tried to break above the hourly EMA55 several times but failed to overcome this onethe level of average prices. 

Attempts to grow were not supported by large volumes, as a result, the price was located in a sideways range below the EMA55 moving average. 

Today, attempts to break above the EMA55 curve will continue.gain a foothold in the area of 38.2% Fib (135.17 USD). 

On the other hand, if sellers keep the level of average prices, then support in the area of ​​126.00 USD is rather weak, and the pair may sag to the area of ​​124.00 USD.

XRP / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/20/2019

Yesterday morning, the decline in the Ripple price stopped at 0.184 USD.By this time, trading volumes had decreased below the average level, and the pair was able to consolidate in a sideways range.The upper boundary of this short-term sideways trend is the hourly moving average EMA55. 

If buyers break through the resistance of the average price level today, they will be able torestore the pair to the area of the recent high.drop to the area of 0.180 USD. 

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