Analysis of prices for Bitcoin, Ethereum, XRP for 01/05/2022

Will the bulls manage to bring the market back above the average price level?

BTC / USD

Yesterday buyers tried to restoreBitcoin price is above the two-hour EMA55. They managed to pierce the moving average, but sellers with a powerful bearish impulse returned the pair to the support area of ​​46000.00 USD by the end of the day. 

Another bull attempt is scheduled this morningto consolidate above the level of the two-hour moving average EMA55. If it ends with a pullback again, then the bears may increase pressure and push the pair back to the 44000.00 USD area.

ETH / USD

Yesterday buyers managed to restore the priceEthereum is above the two-hour EMA55. In the evening, the pair came close to the 3900.00 USD mark, but the bearish response did not allow the price of ether to test this level. 

By the end of the day, the ETH/USD pair was thrown back into the area of ​​average prices, but the moving average EMA55 was able to keep the pair from a deep rollback. 

If buyers were able to gain a foothold above the two-hour EMA55 level today, the negative scenario could have been avoided.

XRP / USD

Yesterday in the morning bearish pressurewas missing, and the XRP price tried to recover to the EMA55 moving average area. It was not possible to overcome the level of average prices. Sellers responded with a bearish impulse, which returned the pair below the POC line (0.828 USD). 

At night, the sales volumes decreased and the pair stabilized at the Point Of Control indicator line. If the bearish onslaught resumes today, the pair will roll back below the support of 0.800 USD.

All prices are based on BitStamp exchange data.

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