March 28, 2024

Analysis of the prices of Bitcoin, Ethereum, XRP for 05/07/2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 05/07/2021

The Ethereum price updated the high to 3610.04 USD and rolled back to the nearest support.Could the couple hold onabove the average price level?

BTC / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 05/07/2021

Yesterday morning, the BTC price was in a narrow sideways trend, and in the afternoon buyers again tried to break above the resistance of 58000.00 USD.At this time, the rally was supported by a large buyer, and in the afternoon the bears pushed the price below the two-hour EMA55. 

The bearish momentum was quite strong, but over the past night the pair recovered to the area of average prices, trying to stay in consolidation. 

This morning there is a feeling of pressure from sellers and the price of bitcoin maywill retrace to the POC line ($54980).If this support level fails tostop the bears, then the pullback will reach the level of 54000.00 USD. 

In the afternoon, the pair may recover to the resistance of 58000.00 USD.

 

ETH / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 05/07/2021

Yesterday, the bulls managed to continue growing with the level of 3600.00 USD and updated the all-time high around the level of 3610.00 USD.In the second half of the day, the pair started to decline, but found support in the area of 3400.00 USD.Today, the bears may break through this support and return the pair below the average price level. 

If the two-hour moving average EMA55 fails to hold the pair of declines, then the bears maytest the lower border of the blue ascending channel. 

XRP / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 05/07/2021

Yesterday's unsuccessful attempt to break through the orange resistance of 1.690 USD ended with the XRP price pulling back below the two-hour EMA55 level. 

Until this morning, the pair is still somehow trying to stay in the area of average prices, but if the bears strengthenonslaught, they will test the support of 1.500 USD.A breakout of this key level will lead toto a pullback to the POC line ($1.383). 

On the other hand, if the price holds above the purple supportone and a half dollar per coin, then by the end of this week the bulls' attack on the resistance of 1.690 USD will be repeated.

* All prices are based on BitStamp data

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