December 2, 2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 04/05/2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 04/05/2021

Ethereum price continues to show dynamic growth and may soon update the absolute maximum up to 3500.00 USD.

BTC / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 04/05/2021

Yesterday morning, the price of BTC recovered to the level59000.00 USD, but could not continue to grow to the target level of 60,000.00 USD. In the afternoon, sellers pulled back the pair below the blue support of 58000.00 USD, and tonight the bears broke through the average price level and tested the POC line ($ 54980).

Volume Profile indicator line has suspendedthe fall. In the morning, the bitcoin price bounced to the resistance of 56000.00 USD, but the volume of purchases is rather small. If the trading volumes are below the average, then the price will not be able to break above the two-hour EMA55 and the fall will continue to the orange support of 53400.00 USD.

On the other hand, if buyers increase volume and restore the pair above the two-hour EMA55, then the price will be able to test the psychological level of 60,000.00 USD.

ETH / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 04/05/2021

Yesterday morning, the Ethereum price continued to rise, the pair broke through the level of 3400.00 USD and set an absolute maximum around 3458.00 USD by the end of the day.

Sellers leaked very large volumes of Ether tonight, but the price remained above 3200.00 USD. Now the pair is gradually recovering to the area of ​​yesterday's high.

The volume of purchases is at an average level and this is still enough to continue the bull run. We believe that the bulls will test the level of 3500.00 USD today.

If in the afternoon the bears form a powerful impulse again, the pair may return to the upper border of the ascending blue channel.

XRP / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 04/05/2021

Yesterday in the morning the XRP price failed to gain a foothold above 1.600 USD and the bears rolled back the price below the powerful support of 1.500 USD.

At night, the pair bounced off the low at 1.400 USD and is trying to recover, but the level one and a half dollar per coin restrains growth in the area of ​​average prices.

If it fails to break above the purple resistance, then the pullback will continue to the yellow support of 1.315 USD.

* All prices are based on BitStamp data

Subscribe to ForkNews on Telegram

Facebook Notice for EU! You need to login to view and post FB Comments!