Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/26/2019

Today, sellers will continue the trend with a gradual decrease in lows.

BTC / USD

Yesterday activitymarket participants decreased, but even byWith decreasing volumes, sellers managed to break through the support of the POC line (7153.69 USD) and set the daily minimum in the area of ​​7110.00 USD. However, before the end of the day, buyers managed to restore the pair to the level of average prices. 

Overnight, the moving average EMA55 returned the price tosupport 7166.00 USD. The market movement in a sideways range continues, and the consolidation range has narrowed significantly. Today a re-test of the 23.6% fib level (7026.59 USD) is possible. 

ETH / USD

Yesterday sellers slightly moved the lower limitside range. The local minimum is set at 123.02 USD. Technically, the pair is in a flat, but sellers manage to expand the sideways range, breaking through the low line. 

Today, this trend may continue and after a retest of the POC line (126.96 USD), the pair will again return to the zone of yesterday's low. 

 

XRP / USD

Yesterday, Ripple trading volumes were significantlydecreased, and the XRP/USD pair was able to stay in a narrow sideways range with support at 0.186 USD. By the end of the day, buyers managed to test the two-hour EMA55, however, the price decline towards the support of 0.180 USD still remains relevant. 

 

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