June 15, 2021

Analysis of prices for Bitcoin, Ethereum, XRP for 06/05/2021

Analysis of prices for Bitcoin, Ethereum, XRP for 06/05/2021

After a pullback below the average price level, buyers are trying to restore the market to its previous level.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 06/05/2021

On Friday morning, the bears broke through the average price level and continued to decline the pair towards the support of 36000.00 USD. The daily low is set at 35,577.00 USD.

The price bounced from the low point to the 38 level.2% Fibo (37152.24 USD), gradually recovering to the area of ​​average prices. Buyers broke above the three-hour EMA55 tonight and are trying to gain a foothold above it.

Now the sales volumes are quite low, and if the moving average keeps the price from falling, then by the end of the week buyers could continue to rise to the psychological level of 40,000.00 USD.

However, given the overheating of the market on the daily time frame, it should be borne in mind that the bears are now waiting for the moment when they can pull back the pair with a strong impulse to the support area of ​​30,000.00 USD.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 06/05/2021

Yesterday, the daily low was set below the level of average prices, around 2550.00 USD, but by the end of the day the pair recovered above the three-hour EMA55.

Recovery continued tonight untilresistance 2800.00 USD. In the morning, small volumes of purchases still do not allow the price to break through this level, but if during the day the volumes can be increased, then by the end of the week the pair may reach 3000.00 USD.

If buyers fail to form a bullish momentum, then the resistance of 2800.00 USD will turn the pair downward. In this case, the depth of the rollback may reach the support of 2200.00 USD.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 06/05/2021

Yesterday morning, the bears resumed their onslaught and pushed through the level of the three-hour EMA55. In the second half of the day, the trading volumes decreased and the decline stopped at the level of 0.915 USD.

Until the end of the day, the couple tried to recover, but could not return to the mark. one dollar per coin... Today, a re-test of the key level of 1.00 USD is possible, which will turn the XRP price downward to the 0.800 USD area.

* All prices are based on BitStamp data

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