October 1, 2022

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/9/2019

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/9/2019

Until the end of last week, the bulls were not able to test the target levels. Will the attempts continue recovery?

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/9/2019

Over the weekend, much progress in recoveryBTC prices were not observed. Yesterday, from the level of average prices, buyers made another attempt to break through to bullish goals, but the price expectedly came across a gray resistance zone in the region of 7600.00 USD.

Buyers didn’t have enough positive to overcome thisarea, and until the morning the pair spent in a narrow lateral range with support at the level of the hourly EMA55. Today, this level may not keep the price from rolling back to supporting 7400.00 USD. From this area we can expect repeated attempts by the bulls to break through the gray zone and test the psychological level of 8000.00 USD.

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/9/2019

On Saturday, the market consolidated in a narrowrange at the level of the Point Of Control line (148.00 USD). On Sunday, we expected a bullish breakthrough, but the activity of buyers was low, and the momentum turned out to be rather weak. The pair was only able to test the resistance of 50% Fibo (151.94 USD), and even repeated attempts to breakout did not give a result.

Today, a rollback to the hourly EMA55 is possible, and ifthis level of average prices will keep the pair from further decline, then breakthrough attempts may be repeated. The fifty percent fibonacci level is not the last line of resistance on the way to the target level of bulls. With low trading activity, the recovery may get bogged down around the 156.00 USD mark.

XRP / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 12/9/2019

Yesterday, the bulls managed to break through the downward blue trend line, and by the end of the week, buyers fixed in the support area of ​​0.230 USD.

However, a rollback to the level is possible this morning.Sentinel EMA55. If this moving average keeps the pair from falling, then buyers will again be able to recover above the support of 0.230 USD and look for ways to break through to the 0.240 USD mark.

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