February 24, 2021

Analysis of prices for Bitcoin, Ethereum, XRP for 17.02.2021

Analysis of prices for Bitcoin, Ethereum, XRP for 17.02.2021

Yesterday sellers did not allow the Bitcoin price to gain a foothold above 50,000.00 USD. Today the bulls will try to continue the race.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 17.02.2021

Yesterday the bulls tried to continue the race. They managed to pierce the psychological level of 50,000.00 USD and mark a new high around the 50602.00 USD mark.

Sellers reacted with a series of sell-offs, causing the price to pull back to support the 2-hour EMA55.

The price managed to recover tonight and retest the “fifty thousand” level. Growth was not supported by large volumes and the pair was unable to gain a foothold above this psychological level.

Today, in the morning, the bulls will continue to try to continue the race, and if the growth is supported by large volumes, then the next maximum is possible around 51000.00 USD.

If the bullish momentum turns out to be weak, then the high will be followed by a pullback to the support of 46000.00 USD.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 17.02.2021

Buyers were unable to continue recovering the Ethereum price yesterday morning.

In the first half of the day, the volume of purchases decreasedand the price was trying to hold in the area of ​​the two-hour EMA55. In the second half, a rather strong bearish momentum made the pair test the level of 1730.00 USD. Until the end of the day, the pair was unable to recover above the average price level.

Trading volumes decreased this morning and the priceof ether is consolidating in a narrow range with support at 1750.00 USD. If selling pressure resumes, the pullback will continue to support at 1700.00 USD, and a fairly strong bearish momentum may test the blue uptrend line (1600.00 USD).

XRP / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 17.02.2021

Yesterday the four-hour EMA55 failed to cope with the selling pressure and the bears broke through the rather strong support of the moving average.

At the end of the day, XRP price piercedthe psychological level is 0.500 USD, but until this morning the pair was trying to gain a foothold above the fifty-cent mark. If the bearish momentum repeats, the pair will roll back to the support of 0.450 USD.

All prices are based on BitStamp exchange data.

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