Analysis of the prices of Bitcoin, Ethereum, Ripple for 11/14/2020

On Friday, the Bitcoin price retreated from the yearly high zone, and over the weekend the market will move into consolidation inarea of ​​average prices.

BTC / USD

Yesterday, trading volumes were gradually declining, and the priceBitcoin slowly rolled back from the annual high zone to the support of 78.6% fib (16125.65 USD). In the evening, sellers broke through this support, but by the end of the day the pair was able to recover above the 78.6% Fibonacci level. 

Currently sales volumes are below averagelevel, but the lack of buyers pushed the price down to the hourly EMA55. If the moving average curve fails to cope with support, then a decline to the upper border of the ascending blue channel is possible. 

ETH / USD

Yesterday, buyers tried to continue growth inresistance area 480.00 USD. Late at night, the pair reached a monthly high of 479.00 USD, but further growth was limited by the blue trend line, which turned the price of ether into a pullback. 

Over the past night, the price fell to the hourly EMA55 area, but if today the average price level does not stop the decline, the rollback may continue to the 50% fib level (457.16 USD). 

We believe that over the weekend the price will remain in a sideways range with support at the fifty percent fibonacci level. 

XRP / USD

Yesterday buyers managed to continueRipple price recovery. With great difficulty, the bulls broke through the resistance of the upper border of the wide side corridor (0.260 USD), and tonight the growth continued. After more than two months of consolidation in a sideways range, the pair set a high at 0.278 USD.  

As of this morning, the price has pulled back from the high zone, and we believe that this weekend buyers will try to break through the resistance of 0.280 USD. 

However, we believe that until the beginning of next week, the XRP price will consolidate in a sideways range, the upper limit of which will be the level of 0.280 USD. 

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

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