Analysis of prices for Bitcoin, Ethereum, Ripple for 01/19/2021

Yesterday there was no bearish pressure and the market consolidated above the average price level. Today is recoverycan continue.

BTC / USD

Yesterday, buyers tried to gain a foothold higherhourly EMA55 repeated and until the end of the day they managed to stay above the level of average prices, while the daily maximum was recorded around the level of 37450.00 USD. 

On the hourly time frame, we can highlight the level of 37300.00 USD, which is now restraining the recovery of the Bitcoin price. 

If today the line at 36000.00 USD acts as support, then the recovery will continue towards the resistance of 40000.00 USD. 

ETH / USD

Yesterday, the price of Ethereum consolidated above the moving average EMA55, and tonight the bulls overcame the orange resistance at 1250.00 USD and tested the zone of January highs. 

The growth took place on volumes slightly exceedingaverage trading level, so we believe that in the morning the price will roll back to the support area of ​​1280.00 USD. If sellers are unable to push through this support, then we should expect a renewal of the January high in the area of ​​1400.00 USD. 

XRP / USD

Yesterday there was strong selling pressurewas absent and the XRP price was able to recover within the sideways corridor of $0.280 – $0.310. Buyers have settled above the two-hour EMA55, but it is not yet possible to test the upper limit of the range. 

Today, trading volumes are still quite low, so the movement in the designated sideways range is likely to continue. 

 

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

Subscribe to ForkNews on Telegram