March 6, 2021

Analysis of prices for Bitcoin, Ethereum, Ripple for 11/03/2020

Analysis of prices for Bitcoin, Ethereum, Ripple for 11/03/2020

The price of Bitcoin can not yet be anchored in the upward channel.In the near future, the continuation of the bull race will be depend on support at the average price level.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 11/03/2020

Yesterday morning, the bears stepped up the onslaught and pressed support for $13,600.00.The price of bitcoin fell out of the rising blue channel and punctured the level of 61.6% fibo (13346.30 USD).The daily minimum is set at $13220.00.

Until the end of the day, buyers tried to restore the price to the upward channel, but until this morning the couple could notThe opposition of buyers has shifted to the level of 61.8% of fibonacci.If the bears can meet the support at the level of four-hour EMA55, the pair will roll back to the area of 12800.00 USD.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 11/03/2020

Yesterday, buyers were unable to increase the volume and continue to grow above the psychological mark of 400.00 USD.The Bears turned the price of the ether to a decline and rolled the pair back to $380.00.

This morning the price broke through this level and falls to the area of the mark of 360.00 USD.We believe that today buyers will try to suspend the decline at the level of 360.00 USD and keep the pair in lateral consolidation.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 11/03/2020

Sellers kept Ripple below the line yesterdayPOC (0.242 USD), and by this morning the pair had already managed to pierce the lower border of the wide side corridor of 0.230 USD, in which it had been for almost two months.

If the onslaught from the bears intensifies, the decline will continue to the two-month low of USD 0.220, and in the first half of this week it may test the support of USD 0.213.

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

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