Analysis of prices for Bitcoin, Ethereum, XRP for 08/18/2021

Due to yesterday's price decline, the crypto market capitalization fell below $2 trillion. Today the decline maygo on.

BTC / USD

Yesterday in the first half of the day, buyers made their wayabove the two-hour EMA55, but the pair was unable to stay in the area of ​​average prices. In the evening, the bearish onslaught pushed the price of Bitcoin below the support of 46000.00 USD, and at night the price fell to the level of 44000.00 USD, marking a local minimum around the level of 44220.00 USD. 

As of this morning, the bearish pressure has decreased, and the price on small volumes is trying to recover to the area of ​​the moving average EMA55, which has begun to decline and will soon cross the level of 46000.00 USD.Will buyers be able to recover the price of BTC above this double resistance?Most likely, the decline will continue to the fifty percent Fibonacci level (42,447.98 USD). 

ETH / USD

Yesterday morning buyers tried to restore the priceEthereum is above the level of 3200.00 USD, however, the pair could not stay in the daily high zone and in the second half of the day rolled back below the four-hour EMA55. 

The dominance of sellers was so strong that the pair broke through the support of 3000.00 USD, marking a low in the area of ​​2950.00 USD. 

In the morning the price of ether recovered slightly, butthe recovery has not yet been supported by large volumes. If purchase volumes can be increased, the pair will recover above the average price level. Otherwise – we can expect an intensification of the bearish pressure and a rollback to the support of 2800.00 USD.

XRP / USD

Yesterday, the XRP price tried to stay above the level of 1,200 USD, but in the afternoon, selling pressure intensified and they rolled the pair back to the four-hour EMA55. 

Tonight the local minimum is set at 1.052 USD. The rebound was quite low, and purchase volumes did not exceed the average level. 

If the pair fails to hold above the moving average EMA55, then the decline will continue to the psychological level of 1.00 USD.

* All prices are based on BitStamp data

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