Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/27/2019

Today, sellers can increase the pressure and knock the price out of a narrow sideways range.

BTC / USD

Yesterday's Couplecontinued consolidation in a narrow range between the two-hour EMA55 and support at 7166.00 USD. In the evening, buyers tried to expand the boundaries of the corridor and tested the resistance of 7400.00 USD. 

However, it was not possible to gain a foothold in the local maximum zone, and before the end of the day the pair again returned to a narrow side corridor. 

Today the lateral movement will continue.Perhaps now sellers will want to show us a breakout of the support at 7166.00 USD and a re-test of the 23.6% fib level (7026.59 USD), but we expect the price to quickly return to a narrow consolidation range, near the POC line. 

ETH / USD

Last night there was a surge in buyer activityled to a breakthrough of the Point Of Control line and a local maximum in the area of ​​132.00 USD. However, quite quickly, sellers returned the pair to the side consolidation corridor. 

Today the sideways trend is expected to continue, but there isprobability of a breakout of the lower boundary of the range and a re-test of the zone of December lows in the area of ​​120.00 USD. We believe that after this, the pair can still return to its side corridor in the area of ​​the average price level.   

XRP / USD

The XRP/USD pair spent almost the entire day yesterday innarrow side corridor. In the evening, buyers attempted to test the four-hour EMA55, which ended with a rollback to the previous consolidation range. 

Today sellers can increase pressure and push through the lower border of the sideways trend. However, we believe that the price will return from the annual minimum zone to the average price level. 

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