Analysis of the prices of Bitcoin, Ethereum, Ripple for 11/19/2020

Yesterday's pullback of the market stopped in the area of ​​average prices. Will the bulls continue to run?

BTC / USD

Yesterdayin the morning, after updating the annual maximum inpoint 18483.00 USD, the price of Bitcoin rolled back below the support of 17600.00 USD. Buyers restored the pair to the maximum zone several times, but fairly large sales were able to freely pierce this strong support. 

At the end of the day, sales volumes decreased andthe level of 17600.00 USD limited the efforts of sellers. At night, the price stabilized in the area of ​​17800.00 USD and if the level of 17600.00 USD once again withstands the onslaught of sellers, then growth may resume to another annual maximum in the area of ​​19000.00 USD. 

If today the bears push through the support of the hourly moving average EMA55, then the price will roll back to the area around 16600.00 USD. 

ETH / USD

Yesterday morning, the annual maximum price of Ethereum was set at 496.00 USD, after which the bears rolled back the price below the hourly EMA55, marking a local minimum near the 50% fib level (457.16 USD). 

Closer to lunch, the pair's volatility begandecline and the price found support in the area of ​​average prices. If this weak support limits the bears' efforts, then growth may continue to the psychological level of 500.00 USD. 

If the bears break through the moving average EMA55, the pair will return to the fifty percent fibonacci level. 

XRP / USD
 

Yesterday morning, the bulls were unable to overcome the resistance of 0.310 USD, and large sales pushed the price of Ripple back from the monthly high to the support of 0.280 USD. 

In the afternoon, XRP price volatility decreased and the price consolidated in a sideways range, taking advantage of weak support at 0.290 USD. 

If the market remains optimisticmood, then the price of Ripple will continue to rise and try to overcome the resistance of 0.310 USD. Otherwise – bears will press the price to the support of 0.280 USD. 

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

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