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

Yesterday, buyers managed to form a powerful bullish impulse, but Bitcoin price growth was withinexpanding the lateral range.

BTC / USD

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

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

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

ETH / USD

Yesterday afternoon, buyersThey broke through the resistance at 380.00 USD, but the pair was unable to gain a foothold above this level before the end of the day. At night, the price of Ethereum rolled back a little, and this morning the bulls will try to increase volumes 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 / USD

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

At night, the average price level stopped its rollback andbuyers may try to repeat the assault on the 0.250 USD level. However, on small volumes, the price of Ripple will continue to decline towards the POC line (0.242 USD). A bearish breakout of the light green trend line will lead to the pullback reaching support at 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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