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

A pullback from the recent high ended in short-term consolidation. Today, a second breakthrough is expected in zone of maximum.

BTC / USD

Yesterday morning, the rollback continued to the support level23.6% FIBO (7026.59 USD), near which the price volatility has significantly decreased. Buyers tried to restore the price to the weekly maximum zone, but could not gain a foothold above the resistance of 7166.00 USD. Trading volumes fell significantly and the BTC price consolidated in the lateral range below this level.

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

ETH / USD

At the beginning of yesterday, the rollback slowed down in the areamarks 126.00 USD, and at a minimum point of 125.60 USD the pair turned around to recover. Buyers tried several times to break above the hourly EMA55, but were unable to overcome this level of average prices.

Attempts at growth were not supported by large volumes, as a result, the price was located in the lateral range under the moving average EMA55.

Today, attempts to break above the EMA55 curve continue. If successful, the pair will be able to gain a foothold in the region of the level of 38.2% Fibo (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 / USD

Yesterday morning Ripple price cuts stopped atpoint 0.184 USD. By this time, trading volumes fell below average, and the pair was able to consolidate in the lateral range. The upper border of this short-term outlook is the hourly moving average EMA55.

If buyers break through the resistance of the average price today, they will be able to restore the pair to the area of ​​the recent maximum. Otherwise, the price of XRP may sink to the area of ​​0.180 USD.

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