Analysis of prices for Bitcoin, Ethereum, Ripple for 11/03/2020

The Bitcoin price cannot yet gain a foothold in the ascending channel. In the near future, the bull run will continuedepend on support at the average price level.

BTC / USD

Yesterday morning the bears intensified their pressure and pushedsupport 13600.00 USD. The price of Bitcoin fell out of the ascending blue channel and broke through the 61.6% fib level (13346.30 USD). The daily low is set at 13220.00 USD. 

Until the end of the day, buyers tried to restore the price to the upward channel, but until this morning the couple could notThe opposition of buyers has shifted to the level of 61.8% of fibonacci.If the bears can meet the support at the level of four-hour EMA55, the pair will roll back to the area of 12800.00 USD.

ETH / USD

Yesterday, buyers were unable to increase volumes and continue growth above the psychological level of 400.00 USD. The bears turned the price of ether down and rolled the pair back to the support of 380.00 USD. 

This morning the price broke through this level and falls to the area of the mark of 360.00 USD.We believe that today buyers will try to suspend the decline at the level of 360.00 USD and keep the pair in lateral consolidation.

XRP / USD

Yesterday, sellers kept the Ripple price below the linePOC (0.242 USD), and before this morning the pair had already managed to break through the lower border of the wide sideways corridor of 0.230 USD, which it had been in for almost two months. 

If the pressure from the bears intensifies, the decline will continue to the area of ​​the two-month low of 0.220 USD, and in the first half of this week it may test the support of 0.213 USD. 

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

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