Analysis of the prices of Bitcoin, Ethereum, XRP for 06/01/2021

Yesterday the pairs recovered to the area of ​​average prices. Will buyers be able to continue their recovery today?the nearest resistance levels?

BTC / USD

Yesterday morning, despite rather modest volumespurchases, the BTC/USD pair was able to recover to the average price area. The price of Bitcoin spent the second half of the day in a narrow consolidation, right on the line of the three-hour EMA55, and at night the bulls tried to form an impulse to break through the resistance of the 38.2% fib level (37150.24 USD). 

It was not possible to significantly increase the volume, and bythis morning the price returned to the moving average EMA55. If during the day buyers cannot find support in the area of ​​average prices, then yesterday's forecast for a pullback to the psychological level of 30,000.00 USD remains, as before, relevant.

ETH / USD

Yesterday morning sales volumes decreased and the priceEthereum was able to gain a foothold above the POC line (2330.17 USD). During the day, the pair broke through the moving average EMA55, but small volumes of purchases did not allow the price of ether to test the resistance of 2800.00 USD. 

As of this morning, the pair's recoveryhas slowed down and the price may return to the three-hour EMA55. If the level of average prices does not stop the bears, the pair will roll back to the psychological level of 2000.00 USD. 

XRP / USD

Yesterday in the first half of the day, buyers were able toform a strong enough bullish impulse to break through the resistance of the moving average EMA55 and test the psychological level of 1.00 USD. 

After lunch, the volume of purchases decreased and the price of XRP was stuck sideways right at the one dollar per coin mark. 

At night, buyers tried to continuerecovery and tested the level of 1.100 USD. However, the growth is not supported by large volumes and, most likely, today the pair will roll back to the area of ​​average prices. 

If the three-hour EMA55 stops the decline, then the recovery may continue towards the 1.200 USD mark. 

* All prices are based on BitStamp data

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