January 23, 2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/05/2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/05/2021

Yesterday, a sharp correction brought the market back to the average price area. Will the rollback continue today?

BTC / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/05/2021

Yesterday, in the first half of the day, the volatility in the market increased sharply and sellers were able to push through the level of average prices, testing the 28000.00 USD mark.

In the second half of the day, the volume of sales decreased and the price returned to the hourly moving average EMA55, finding support around the 31,000.00 USD mark.

Buyers tried to continue price recovery to the high zone tonight. If the moving average EMA55 can support the BTC price, then the growth will continue to the area of ​​36000.00 USD.

If buyers are unable to gain a foothold above the level of average prices, then in the second half of this week the correction may reach the level of 27000.00 USD.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/05/2021

Yesterday morning, the Ethereum price continued its dynamic growth and was able to renew the maximum around the 1170.00 USD mark.

Sharp bearish momentum stopped dynamic growthand made the pair test the hourly EMA55. From this moving average, the ether price bounced to the area of ​​the 1000.00 USD mark, but it has not yet been possible to continue its former dynamic growth.

This morning, bearish pressure may resume, and if the pair sags below the average price level, a retest of the upper border of the rising green channel is possible.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/05/2021

Yesterday morning, buyers broke through the 2-hour EMA55 level and managed to test the resistance of 0.260 USD before a weak bearish impulse.

However, the restoration could not be continued untilAt the end of the day, the pair returned to a narrow sideways corridor at the level of average prices. If the POC indicator line (0.230 USD) does not keep the pair in consolidation, then the decline may continue to the support of 0.213 USD, and in the second half of the week it will reach the lower border of the blue channel of 0.170 USD.

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

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