Analysis of prices of Bitcoin, Ethereum, Ripple for 11.02.2021

Yesterday, the nearest support levels limited the market correction. Can bears increase the pressure today??

BTC / USD

Yesterday, bears pushed the BTC price below support45200.00 USD, which limited the rollback from the absolute maximum. The decline stopped at around 44,000.00 USD. Trading volumes decreased and the pair settled into a short-term consolidation. 

Attempts to restore the price are still taking place on small volumes, so today a continued decline below the two-hour EMA55 is possible. 

If the moving average can stop the rollback, then buyers will restore the price to the resistance area of ​​48000.00 USD.  

ETH / USD

Yesterday morning, buyers managed to update the absolute maximum to 1839.00 USD before the price rolled back to the support of 1700.00 USD. 

A fairly powerful bearish impulse was able to pierce the two-hour moving average, but until this morning the pair remained above this average price level. 

If during the day EMA55 limits the pressure of sellers, the pair will return to the resistance zone of 1800.00 USD. 

XRP / USD

Yesterday in the first half of the day, buyers broke through the psychological resistance at the level of 0.500 USD and tested the level of 0.543 USD. 

The sellers' reaction was quite bearishan impulse that forced the testing of the upper limit of the blue side channel at 0.450 USD. This level acted as support and the price rebounded to the fifty-cent mark, trying to gain a foothold above it in consolidation. 

Now trading volumes have decreased and price volatility has decreased. We believe that today, at low volumes, the XRP price will roll back below the 0.500 USD level.

* All price values ​​are based on data from the BitStamp exchange

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