Jul 1, 2022

Bitcoin Price Analysis, Ethereum, Ripple on 03.12.2020

Bitcoin Price Analysis, Ethereum, Ripple on 03.12.2020

The market is consolidating in the area of ​​average prices. Will buyers be able to continue recovery in the annual zone Highs?

BTC / USDBitcoin Price Analysis, Ethereum, Ripple on 03.12.2020

Yesterday morning sales volumes decreased and the price of bitcoin recovered above the hour-long EMA55.During the day, the volume of trading did not exceed the average level, so buyers could not gain a foothold above the resistance of 19300.00 USD.

Rising lows on the hour-long time frame indicate the bulls' preparation for a new attempt to gain a foothold above the 100 percent fibonacci level.However, if the bears stand against the resistance level, the pair maywill roll back to support $17,600.00.

ETH / USDBitcoin Price Analysis, Ethereum, Ripple on 03.12.2020

Yesterday, in the morning, buyers tried to break above the resistance of 600.00 USD, but the recovery was not supported by large volumes, and gained a foothold over the LINE POC (596.85 USD) and failed.

This morning the volume of purchases is still very low, but buyers are storming againPoint Of Conrol.

If the bears do not allow the price of ether to recover above 600.00 USD, the pair mayroll back to the $550.00 area, where the Ema55 is six hours.to support buyers in another attempt to update the annual maximum.

XRP / USDBitcoin Price Analysis, Ethereum, Ripple on 03.12.2020

Yesterday there was no strong pressure from the bears, and the price of Ripple consolidated in the side corridor with support at 0.600 USD.

Tonight, the pair recovered above the EMA55, but the purchase volumes are extremely low and the consolidation range is narrowing.If the POC line (0.619 USD) holds the drop price, the recovery may becontinue to the 0.700 USD area.

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

Subscribe to ForkNews on Telegram