Analysis of cryptocurrency pairs BTC/USD, ETH/USD, XRP/USD as of April 27, 2018

The main intrigue of the day remains the participation of major market players in purchases

BTC/USD

Yesterday, the Bitcoin price spent the entire day in the sideways “rectangle” range. Today the consolidation is over, the first bullish impulse broke through the upper limit of the range and brought the price above the 50% fib level (9058.00 USD) to the area of ​​9300.00 USD. 

Will growth continue today? Will we see new April highs today? 

On the eight-hour time frame, the stochastic “draws” a buy signal, and the RSI is in the neutral zone. Further bullish development of the momentum is technically possible. And if today large market players support buyers with large volumes, then a second attempt will be made to storm the “Target” at the psychological mark of 10,000.00 USD.

But buyers with small and medium volumes will not “push” the price even to the 61.8% fib level (9634.63 USD). Therefore, it is likely that today the price will again return to the “rectangle” and break through its lower border. The decline may be limited to the level of 38.2% fib (8481.57 USD)

ETH/USD

Ethereum yesterday consolidated at the level of 50% fib (625.50 USD) and today, as well as On the BTC/USD price chart, we saw a bullish impulse on average purchase volumes, which restored the price to the level of 660.00 USD. 

Further dynamics of ether will entirely depend on the BTC/USD pair. If this dynamics turns out to be negative, we believe that it will be limited to the support level of 38.2% fib (562.84 USD)

XRP/USD

Yesterday Ripple consolidated in a fairly wide range, along the middle line at 0.800 USD. The consolidation range has been so wide that today's bullish momentum appears to be a retest of the upper end of that range. And if today the BTC/USD pair does not have strong impulses, then we believe that the ripple will continue to struggle within the same limits until one of the boundaries finally breaks down and “fails.”

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