Analysis of the prices of Bitcoin, Ethereum, XRP for 06/11/2021

Yesterday, buyers were unable to continue the market recovery, but support levels are still keeping the market fromdeep decline.

BTC / USD

Yesterday in the first half of the day the price was heldabove the 38.2% fibo level (37150.24 USD). Buyers tried to break through the resistance of 38000.00 USD, but in the afternoon the bears pressed the price to the descending red trend line. 

The price of Bitcoin tested the trend line several times, but the bears failed to pull back the pair below the support of 36000.00 USD. 

It seems that buyers have found support inareas of the four-hour EMA55 and today will try to return to the zone of yesterday's daily maximum. If they manage to break through the resistance of 38000.00 USD, then a recovery above the psychological level of 40000.00 USD is possible. 

ETH / USD

Yesterday morning, the Ethereum price was unable to overcome the resistance of the four-hour EMA55 and during the day the pair returned to the support area of ​​the POC line. 

If the Volume Profile indicator line fails to contain the bears, then the price of ether will update the June low around 2200.00 USD. 

XRP / USD

Yesterday morning the four-hour EMA55 held weakthe onslaught of buyers and the pair turned to decline. By the end of the day, the pair rolled back to the support of 0.860 USD. Sales volumes have decreased and this level is still managing to keep the pair in a sideways range. 

Today, buyers can repeat their attempt to break above the moving average EMA55. If it turns out to be successful, then the price will again return to the psychological mark of 1.00 USD. 

* All prices are based on BitStamp data

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