Analysis of prices for Bitcoin, Ethereum, Ripple for 01/21/2021

The price of Bitcoin maintains a movement in a sideways range.Do the bulls move to the active recovery of the pair inthe zone of the January maximum?

BTC / USD

Yesterday, the BTC price decline slowed down around 34000.00 USD, but at the end of the day, sellers managed to puncture thissupport level and set a daily low at 33400.00 USD. 

Despite some recovery in the area of average prices, buyers have not yet been able to break through the resistance of the hourly EMA55.Possibly, in the nearest future the price will test the support of 32600.00 USD. 

ETH / USD

Yesterday, the bears pushed through the average price level and rolled the pair back to the support of 1250.00 USD.In the second half of the day, buyers tried to recover to the hourly EMA55 area, and tonight they came close to the resistance of 1400.00 USD. 

However, in the morning, the pair returned to the slidingthe average EMA55, trying to find support in this area. The presence of support here will facilitate a recovery to the January high zone, and a bearish breakout of the mid price level will force the pair to test the POC line (USD 1223.79).

XRP / USD

Despite small spontaneous bursts in volumes, Ripple trading is taking placeYesterday, as a result of a slight pullback, the price tested the lower border of the sideways range of 0.280 USD, but managed to stay within this corridor. 

The pair reached the upper border of 0 this morning.310 USD and continues to consolidate at the two-hour EMA55. In the near future, the sideways trend will remain in the pair's dynamics, but closer to the end of this week, buyers will try to pull the price out of the narrow corridor and try to restore it to the resistance of 0.400 USD.

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

Subscribe to ForkNews on Telegram