Analysis of BTC/USD, ETH/USD and XRP/USD cryptocurrency pairs on 14.11.2019

Analysis of BTC/USD, ETH/USD and XRP/USD cryptocurrency pairs on 14.11.2019

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November 14, 2019 by cryptorolling.com
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Yesterday the market kept its balance in the side range, today there is a high probability of a bullish breakthrough.
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Yesterday the trading volumes were low and during the day the volatility of the BTC price did not exceed 1.5%. The pair continued to consolidate, further narrowing the range to the hourly EMA55 level.

Our yesterday’s exit forecast is still valid: the pair may test the resistance at 9200.00 USD in the near future. A bullish impulse may knock the pair out of the flat from the average price level or restore the price after a false bearish breakthrough to the support of 8500.00 USD.

009608 - Analysis of BTC/USD, ETH/USD and XRP/USD cryptocurrency pairs on 14.11.2019

Yesterday, buyers managed to consolidate above the hourly EMA555, and by the end of the day to maintain the dynamics with rising lows.

If the Market makers did not plan a bearish impulse to the POC (182.86 USD), then soon the Ethereum price will break through the resistance at 78.6% Fibo (192.57 USD) and test the psychological mark of 200.00 USD.

009609 - Analysis of BTC/USD, ETH/USD and XRP/USD cryptocurrency pairs on 14.11.2019

Yesterday, the XRP price continued to consolidate, using the support of 0.270 USD. Above, the consolidation range was narrowed by the descending hourly EMA55, which limited the buyers’ attempts to recover the Ripple price.

Today the pair will leave this range and test the resistance at 0.280 USD.

*All price values are based on BitStamp data

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