Analysis of prices BTC, ETH, XRP (26.03.20)

BTC/USD

Yesterday the buyers tried to test the resistance level of 23.6% Fibo (7026.60 USD), but the growth rates were not supported by the volumes and the pair were unable to reach seven thousand dollars.

After the local maximum at the point 6989.04 USD, sellers rolled the Bitcoin price to the upper boundary of the blue downtrend channel. Hour EMA55 again stopped the rollback and kept a pair in a sideways consolidation.

If today’s buyers will be able to organize a breakout of 23.6% Fibonacci, the weekly high, we are still expected in the $7200 — $7300.

ETH/USD

Yesterday an auction for Ethereum took place at volumes lower than the average level and the pair failed to get out of a narrow sideways range. The attempts of sellers to push the price of broadcast hour below EMA55 was limited by the support level 38.2% Fibonacci (135.17 USD). The pair pierced the support, but until this morning managed to recover above the level of average prices.

Breakthrough buyers above fifty percent of the Fibonacci level is still relevant, however, we believe that to gain a foothold in the field week high will not work.

XRP/USD

Yesterday customers were unable to organize a substantial recovery in prices Ripple. Around USD 0.166 began selling who rolled the pair below the level of average prices.

In the second half of the day the price stuck to hour moving average EMA55 and consolidate at this level within a very narrow range.

Despite the fact that the eight-hour time frame Stoch indicator line RSI overbought signal is generated on the decline, bullish breakout at the resistance area of USD 0.187 still possible.

* All prices shown are based on data exchange BitStamp.



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