Bitcoin, Ethereum, XRP price analysis on 05/19/2020

Yesterday, buyers could not continue to grow, but attempts to update the annual maximum today will continue.

BTC / USD

Yesterday morning buyers were unable to break throughresistance of the dotted trend line and the pair rolled back to the average price level. During the pullback, the Bitcoin price pierced the two-hour EMA55, but near the support of 38.2% fib (9441.99 USD), the pair turned to recovery. Trading volumes were declining and recovery was very slow. 

By the end of the day, the price of BTC was unable to returnto the previous level, to the ascending trend line, and late at night sellers again rolled the pair back to the 38.2% fibonacci support. On the one hand, we see that our hopes for this strong support level were justified, but purchases are quite sluggish, and buyers are not yet able to form a bullish impulse for a breakthroughten thousandth milestone. 

Buyers will make another attempt to update the highs this morning. If market makers support the growth in volumes, then a breakthrough to a new annual high is quite possible. 

If the bears hold the line at 10000.00 USD, then the pair may roll back to the area of ​​9100.00 USD. Stronger support is located even deeper, at the POC line (8858.55 USD). 

ETH / USD

Buyers yesterday were unable to continue growing towards the 100% fib resistance (222.98 USD). Tonight the pair rolled back from the weekly high zone and paused around 209.00 USD. 

If the next attempt to break through the 100% Fibonacci level is unsuccessful, then the pair may roll back below the average price level and return to the psychological support of 200.00 USD. 

XRP / USD

Yesterday during the day, two-hour EMA55supported the price of Ripple while trying to break above the descending purple trend line. However, this did not help buyers exit the declining channel. Tonight, the bears pushed through the level of the moving average EMA55 and marked a local minimum in the area of ​​0.201 USD. 

We believe that in the morning the psychological level is 0.200 USD will be able to keep the pair from further decline, and buyers will continue to try to break through to the level of 0.213 USD. If the descending purple trend line turns the pair down again, then the price of Ripple may roll back to the area around 0.195 USD. 

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