Jul 1, 2022

Analysis of prices for Bitcoin, Ethereum, XRP for 07/18/2020

Analysis of prices for Bitcoin, Ethereum, XRP for 07/18/2020

Yesterday, the Bitcoin price recovered to the average price area. Will buyers be able to continue to grow today?

BTC / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 07/18/2020

Yesterday, low-volume buyers were able tocontinue the weak rise in the price of BTC and restored the pair to the area of ​​average prices. Before the end of the day, the two-hour moving average EMA55 limited further growth and did not allow buyers to test the level of 9200.00 USD.

buyers will try to break above the average price level. If the volume of purchases cannot be increased, then the decline will continue to the area of ​​8900.00 USD.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 07/18/2020

Trading volumes dropped significantly yesterday, andEthereum price is stuck in a tight consolidation at 233.33 USD. Buyers tried to continue the recovery but were unable to test the 2-hour EMA55 level by the end of the day.

Today, in such a thin market, an attempt to recover to the area of ​​average prices may result in a rollback to the support area of ​​100% fib (222.92 USD).

XRP / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 07/18/2020

Yesterday, despite the rather low trading volumes,buyers were able to restore the pair to the mid-price area and pierce the two-hour EMA55. However, before the end of the day, the Ripple price could not hold above the EMA55 moving average and rolled back to the 0.195 USD mark.

Customers will continue to try to get the pair back today.to the psychological mark of 0.200 USD, but if the volume of purchases is below the average level, then the growth will not continue. In this case, the XRP price will continue to decline until the end of the day, and on Sunday it may break through the support of 0.180 USD.

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