June 15, 2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/29/2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 01/29/2021

Will Bitcoin price break through the resistance of the downtrend line today?

BTC / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/29/2021

Buyers yesterday tried to restore the price above the two-hour EMA55. In the afternoon, they broke through the average price level and tested the resistance of the purple downtrend line tonight.

If today they can increase the volume of purchases and break through this resistance, then the price will be able to gain a foothold above the support level of 36000.00 USD.

If it is not possible to break the resistance of the trend line, the downtrend will continue, and the pair will reach support at 28000.00 USD by the end of the week.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/29/2021

Buyers were able to break through resistance yesterdaythe level of average prices and gain a foothold slightly above the level of 1320.00 USD. At night, the ether price tried to test the resistance of 1400.00 USD, but the volume of purchases decreased and the pair returned to support the level of average prices.

If the bears push through the 2-hour EMA55, then the ETH price will again test the support of the upward blue trendline for strength over the coming weekend.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 01/29/2021

Yesterday the XRP price consolidated above the 0.260 USD level, but the resistance of the two-hour EMA55 prevents the continuation of the recovery within the sideways range ($ 0.280 - $ 0.310).

If the moving average EMA55 limits the recovery, then by the end of the week the pair will roll back below the support of 0.260 USD.

If buyers are able to overcome the level of average prices, then at the weekend the pair will fight within the specified side corridor.

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

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