Analysis of the prices of Bitcoin, Ethereum, XRP for 05/18/2021

Yesterday, the prices of Bitcoin and Ethereum reached key support levels, causing the decline to pause.Will buyers be able to gain a foothold above average prices today?

BTC / USD

Yesterday, the BTC price tested the 50% Fib level (42447.90 USD), setting the May low at 42100.00 USD.In the evening, buyers tried to recover the pair, but the trading volume fell below the average level and the price did not have time to reach the level of 46000.00 USD until this morning. 

This morning, the recovery may continue towards the blue resistance level, and if buyers are able toto overcome it, the price of bitcoin will reach the two-hour moving average EMA55. 

If it fails to break above $46K, the pair will return to the 50% Fib support (42447.90 USD). 

ETH / USD

Yesterday morning, the blue trend line failed to keep the price fromThe daily low is set at 3117.00 USD.At the end of the day, buyers tried to restore the pair, but could not gain a foothold above the ascending trend line. 

On the daily timeframe, the Stoch RSI indicator lines have gone deep into the oversold zone.In the near future, we should expect recovery impulses from buyers who will try to return the pair to the area of average prices. 

XRP / USD

Yesterday, the XRP price was able to gain a foothold above the red descending trend line.Buyers formed a fairly powerful bullish impulse, as a result of which the pair recovered above the level of 1.500 USD. 

In the second half of the day, buying volumes decreased and the pair began to consolidate in a narrowing sideways range with support around the two-hour EMA55. 

If the bullish onslaught intensifies today, the pair will recover to the orange resistance of 1.690 USD, and if the market activity is low, the consolidation in the sideways range will continue. 

* All prices are based on BitStamp data

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