Analysis of prices for Bitcoin, Ethereum, XRP for 11/29/2021

Over the weekend, the Bitcoin price updated its November low and today will try to break out of the declining channellocal downtrend.

BTC / USD

Over the weekend, the price of Bitcoin consolidated atside corridor between resistance at 78.6% fib (55287.64 USD) and orange support 53400.00 USD. At the end of the week, the bears closed the gestalt, testing the lower limit of the sideways range. The monthly minimum has shifted to the area around 53300.00 USD. 

This week started with intense growth, whichwas supported by fairly large volumes. As of this morning, the BTC price has already tested the level of 58000.00 USD, but the bulls were unable to break above this strong resistance. 

If buyers are able to form another bullish impulse today, the pair will gain a foothold in the area of ​​60,000.00 USD.

ETH / USD

Last weekend, the price of Ethereum was able to break through the orange support of 4000.00 USD several times, but the bears failed to consolidate below this psychological level. 

Tonight the pair recovered above the levelaverage prices, and in the morning the bulls are trying to gain a foothold above the 4300.00 USD mark. If the level of 4300.00 USD acts as support, then the recovery will continue to the area of ​​4500.00 USD, and a local maximum is possible in the area of ​​4600.00 USD. 

In case of failure – we expect a decline below the psychological support of 4000.00 USD. 

XRP / USD

On Sunday, the XRP price renewed its November low at 0.886 USD, and tonight recovered above the orange level of 0.960 USD. 

In the morning, buyers are trying to break highertwo-hour EMA55. If they manage to break through this strong resistance, then growth will continue above the psychological level of 1.00 USD. In case of support from a major buyer – in the near future the pair will be able to test the resistance of 1.100 USD.

* All prices are based on BitStamp data

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