June 15, 2021

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

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

The Ethereum price has renewed its maximum at 3530.00 USD. The market is in the overbought zone. In the second half of this week a rollback below the level of average prices is possible.

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

Yesterday morning, the BTC price could not break highertwo-hour EMA55. In the afternoon, the fall continued to the orange support of 53400.00 USD. As a result, the pair set a local minimum around 52925.00 USD and tried to recover over the past night.

The recovery took place at decreasing volumes.The price tested the POC indicator line ($ 54980) and stopped. If buying volumes exceed the average today, then in the morning the recovery will continue to the two-hour EMA55, and a break above this moving average will open the way to the target level of 60,000.00 USD.

However, if the bears are able to increase the pressure in the area of ​​average prices, then the pair will roll back to the yellow support level of 51,600.00 USD.

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

Yesterday in the morning, the bulls were able to continue the race to a new all-time high. They pierced the 3500.00 USD level, setting an all-time price tag at 3530.00 USD.

Strong bearish momentum in the afternoonagain pushed the pair back to the support of 3200.00 USD, but as before, the price managed to resist a deep pullback to the upper border of the ascending channel. If bearish pressure intensifies, sellers will test the two-hour EMA55 today.

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

Buyers did not cope with resistance yesterdayat 1.500 USD and XRP price continued to pull back to yellow support at 1.315 USD. In the afternoon, this support level stopped the decline and the pair is trying to return to the previous level, in the area of ​​average prices.

Customers groped for support tonight inarea of ​​the POC line ($ 1.385) and almost restored the pair to the resistance of 1.500 USD. If another attempt to break through the violet resistance is successful, then a recovery to the 1.690 USD area is possible.

* All prices are based on BitStamp data

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