April 21, 2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/18/2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/18/2021

Over the past weekend, the price of Bitcoin failed to gain a foothold above the average, but earlier this week, attempts break through to the resistance of 40,000.00 USD will be repeated again.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/18/2021

Last weekend bears pushed support36000.00 USD and tested the level of 34000.00 USD. Yesterday afternoon, buyers tried to recover the price, but could not hold above the hourly EMA55.

Today, attempts to gain a foothold above the level of average prices will be repeated, but if it is not possible to break through the moving average, the pair will continue to decline below the POC line to support at 32600.00 USD.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/18/2021

Last Saturday shoppers were able to pierceresistance at the level of 1250.00 USD, but the recovery did not work until the end of the week. On Sunday, sellers pushed the pair below the average price level and until the end of the day, buyers did not manage to restore the ETH price to its previous level.

Trading volumes decreased tonight and the pairis trying to hold on to the hourly EMA55, but in the morning the bearish pressure may increase, then the ether price will test the level of 1150.00 USD. If the bears fail to break the support of 1120.00 USD, then earlier this week the bulls will try to organize a full-scale recovery in the zone of January highs.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/18/2021

On Saturday, XRP price tried to gain a foothold in the sidewaysthe corridor $ 0.280 - $ 0.310, but the two-hour moving average turned the pair down and the lower border of the corridor could not stop the pullback to the 0.270 USD mark.

Yesterday afternoon, pricerecovered, but it is no longer possible to return to the lateral range. Kraken exchange suspends XRP trading and if this provokes a new bearish momentum, then the fall may continue below the support of 0.260 USD.

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

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