June 25, 2024

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/21/2019

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/21/2019

The time for short-term consolidation in the area of average prices is coming to an end.recovery?

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/21/2019

Yesterday, trading was quite calm, on medium volumes.BTC price overcame the resistance of 7166.00 USD and settled above the POC line. 

If the bulls manage to increase the volumes, then by the end of the week the pair maybreak through the level of 7400.00 USD and test the gray resistance area of 7600.00 USD.There is a high probability of a reversal in this zone. 

If the bears are the first to activate and push through the support of 23.6% Fibo over the weekend, the pair will return to a wide purple corridor$6100 – $6800.

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/21/2019

Yesterday, throughout the day, buyers continued to try to gain a foothold above the hourly EMA55 level.However, in the morning, the pair is still below the level of average prices. 

If the bulls are able to use the support of the POC line (126.94 USD), then a re-test38.2% Fib (135.17 USD) remains relevant.will roll back to the area of 124.00 USD. 

XRP / USD

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/21/2019

Yesterday, buyers were able to increase volumes and break through the resistance of the hourly EMA55.When the activity decreased, the pair consolidated with support at 0.192 USD. 

A repeated bullish momentum could break through the resistance of the descending purple trend line and test the level of 0.219 USD.In this area, the market may turn falls. 

If today the bears return the pair below the level of average prices and strengthenNext week, the pair will return to the annual low of 0.175 USD. 

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