Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/30/2019

Over the weekend, buyers confirmed their intentions for further price recovery, but the bears are stillcontrol the market and try to restrain growth.

BTC / USD

Over the past weekend, the price of BTC managed to break throughresistance at 7400.00 USD and set a local maximum in the area of ​​7520.00 USD. However, tonight sellers returned the pair to the sideways range of $7166 - $7400.

If buyers can hold the pair above the two-hour EMA55 early this week, they will confirm their claims for a breakout of the gray cloud of resistance in the 7600.00 USD area.

If the bears push through support by the end of the yearthe lower limit of the range of 7166.00 USD and test the 23.6% Fibonacci level (7026.59 USD), then you can forget about the re-test of the psychological level of 8000.00 USD for a long time.

ETH / USD

On Sunday, shoppers took desperate actionattempt to break through the resistance of the 38.2% Fibonacci level (135.17 USD). At the end of the day, they managed to set a new weekly maximum at 137.72 USD. The growth took place on average volumes, and tonight sellers managed to roll the pair back below the 38.2% Fibonacci level without much effort.

 The pullback stopped in the morning, and if buyers consolidate above this level, then a retest of the bulls' target level of 144.00 USD is possible before the end of the year. 

On the other hand, if buyers fail to overcome the 38.2% Fibonacci level (135.17 USD), the pair will return to the average price level.

XRP / USD

The XRP/USD pair continued to recover over the weekend. Ripple price broke the blue trend line, but failed to test the 0.200 USD resistance by the end of the week.

If the downward trend line provides support to the price today, the pair will be able to break through the psychological level of 0.200 USD. 

Stoch RSI indicator lines, on the other hand,on older time frames, went deep into the overbought zone, and sellers may not be able to gain a foothold in the field of psychological resistance level. High probability of a rollback below a two-hour EMA55.

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