June 15, 2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 03/17/2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 03/17/2021

The decline in the BTC price has stopped in the support area of ​​53400.00 USD. Will the bears be able to renew the pressure?

BTC / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 03/17/2021

Yesterday in the morning the level of 53400.00 USD limited the decline in the BTC price, and by the end of the day the pair recovered to the average price area.

Tonight, with decreasing volumes, buyers managed to pierce the two-hour EMA55, but so far it has not been possible to gain a foothold above this moving average.

Customers will try again today during the day.restore the pair to the resistance of 58000.00 USD, but if the EMA55 reverses the price downward, the pair will return to the area of ​​the weekly low (to the support of 53400.00 USD).

ETH / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 03/17/2021

Yesterday morning, buyers confidently pushed the Ethereum price back to the 2-hour moving average EMA55.

However, in the afternoon, the volume of purchasesdropped significantly, and the pair could not continue to rise above the level of average prices. Buyers have tested the POC line (1800.36 USD) several times, but so far they have not been able to overcome the resistance in the 1800.00 USD area.

Bulls will repeat their attempts to restore the pair today.above the Volume Profile indicator line (1800.36 USD), and if it fails to gain a foothold above the level of average prices, the decline will continue to support at 1680.00 USD.

XRP / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 03/17/2021

Yesterday the XRP price managed to gain a foothold above the upper border of the blue channel and buyers managed to pierce the resistance at the level of 0.500 USD. The March high is set at 0.520 USD.

The pair could not stay above the psychological level of 0.500 USD for a long time and returned to the support of 0.450 USD by the end of the day.

Buyers started another tonightan attempt to restore the pair above the level of 50 cents, but in the morning they were stuck at the level of 0.475 USD. If the growth continues and fails, the pair will return to the blue corridor.

* All prices are based on BitStamp data

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