Analysis of the prices of Bitcoin, Ethereum, XRP for 04/09/2021

Yesterday the market regained its recent decline and the pairs recovered above the average price level.

BTC / USD

Yesterday morningBuyers tried to return the pair to the area of average prices.The recovery was slow, trading volumes did not exceed the average level. 

In the second half of the day, it was possible to form a bullish momentum, which helped the price of bitcoin overcome the resistance of the two-hour EMA55 and gain a foothold just above this moving average. 

Overnight, the pair recovered to the resistance of 58000.00 USD, but further growthIf this resistance turns the pair to a decline, and the bears manage to break through the support of the EMA55, then the local low should followexpect around 55000.00 USD. 

If the bulls continue to rise to the area of ​​59,000.00 USD, then in the near future the pair will again run into the resistance of 60,000.00 USD.

ETH / USD

Yesterday, buyers fought for the psychological level of 2000.00 USD for a long time.As a result, they were able to gain a foothold above the two-hour EMA55, and this morning they came close to the resistance of 2100.00 USD. 

If the price continues to grow, the price will roll back below the average level.We believe that the blue ascending trend line will be able to stop the pullback in the area of 2000.00 USD. 

If today the bulls break through the resistance of 2100.00 USD, then in the near future the pair mayupdate the all-time high in the area of 2170.00 USD. 

XRP / USD

Yesterday, in the area of the hourly EMA55, buyers found support and tried to restore the price of XRP to the psychological mark of 1.00 USD.Late at night, they overcame this level, but it is not yet possible to continue the bull run. 

As of this morning, the price has returned to the level of one dollar per coin.If it provides support, the growth will continue to the new April high in the resistance area of 1.200 USD. 

If sellers push the price below $ 1, then there is hope that the EMA55 moving average will be able to stop the onslaught of bears.

* All prices are based on BitStamp data

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