Analysis of the prices of Bitcoin, Ethereum, XRP for 04/21/2021

Bitcoin price failed to recover above the average level yesterday. Will buyers be able to continue?recovery?

BTC / USD

Yesterday the orange support level suspendedthe decline of the BTC/USD pair and allowed it to recover to the area of ​​average prices. The price recovery took place on average volumes, but buyers were unable to test the two-hour EMA55. 

Today, attempts to continue recovery mayrepeat. If the price consolidates above the resistance of 58000.00 USD, then the scenario of a rollback to the psychological mark of 50000.00 USD will lose its relevance. 

On the other hand, if the price fails to hold above the two-hour moving average EMA55, then the decline towards the yellow support at 51600.00 USD will resume. 

ETH / USD

Yesterday support was at 2100.00 USD stopped the pullback and buyers returned the pair above the average price level. At the end of the day, buyers formed an impulse that tested the lower border of the ascending channel. 

Tonight trading volumes decreased and the pricehas not yet been able to gain a foothold above the trend line. If bearish pressure increases in the morning, the pair will return to the two-hour EMA55. This moving average can stop the onslaught of sellers and cancel our yesterday's scenario of a rollback to the 2000.00 USD mark. 

XRP / USD

Yesterday morning the price of XRP found support in the arealevel of 1.200 USD and during the day it consolidated above the hourly moving average EMA55. To continue growth, buyers must hold above the level of 1.500 USD. 

If today the bears do not allow the purple resistance of 1,500 USD to be broken, then the decline towards the psychological level of 1 dollar will resume. 

* All prices are based on BitStamp data

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