December 2, 2020

Analysis of prices for Bitcoin, Ethereum, XRP for 10/20/2020

Analysis of prices for Bitcoin, Ethereum, XRP for 10/20/2020

Yesterday, buyers managed to form a strong bullish momentum, but the rise in the price of Bitcoin was within expanding the lateral range.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 10/20/2020

Yesterday, buyers fixed above 50% fibo (11394.15 USD), and in the afternoon they were able to form a bullish impulse that forced the price of BTC to test the upper boundary of the expanding blue range.The daily maximum is set at 11840.00 USD.

At night, the bulls failed to continue the growth, the price of bitcoin rolled back to the area of the mark of 11700.00 USD and trying to find support.On the daily time frame, the Stoch RSI indicator shows some potential for continued growth.Today it is possible to re-test psychological level of 12000.00 USD.

However, if buyers are unable to build up volumes, then the pullback will continue below the average price level and the pair will soon reach the lower border of the blue channel.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 10/20/2020

Yesterday afternoon, buyerspierced the resistance of 380.00 USD, but the pair failed to consolidate above this level until the end of the day. At night, the price of Ethereum retraced slightly, and this morning the bulls will try to increase the volume and continue to grow towards the 410.00 USD mark.

If the bears push through the support of the two-hour EMA55, the pair will continue to pull back to the support of 360.00 USD.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 10/20/2020

Yesterday morning, buyers managed to increase volumespurchases above the average and XRP price continued its recovery. During the day, the pair broke through the two-hour EMA55, but by the end of the day it was unable to break through the resistance of 0.250 USD.

At night, the level of average prices suspended the rollback andbuyers may try to repeat the assault on the 0.250 USD level. However, on small volumes, the Ripple price will continue to decline to the POC line (0.242 USD). A bearish breakout of the light green trend line will cause the pullback to reach the support of 0.230 USD in the second half of this week.

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

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