Analysis of the prices of Bitcoin, Ethereum, XRP for 06/18/2021

Yesterday, under pressure from sellers, prices slowly rolled back to the nearest support levels. Expected todaymarket recovery.

BTC / USD

Yesterday morning, buyers were unable to stay above the level of 39000.00 USD, and in the second half the pair rolled back to the area of ​​average prices. 

The four-hour EMA55 slowed down the price fallBitcoin, but as of this morning the pair is very close to 38.2% fib (37150.24 USD). We believe that this fibonacci level will turn the pair towards recovery, and in the near future the price will recover to 50% fib (42447.96 USD). 

ETH / USD
 

Yesterday in the morning the price of Ethereumcontinued its pullback below the four-hour EMA55 and reached support at 2300.00 USD as of this morning. In this area there is the POC line (2318.60 USD), which withstood a fairly strong bearish impulse and limited the decline in the price of ether. 

We believe that today a recovery will begin, as a result of which the price will return above the moving average EMA55, and until the end of the week it will continue to grow towards the resistance of 2800.00 USD. 

XRP / USD

Yesterday, the XRP price failed to recover to the four-hour EMA55. During the day, the pair slowly declined until late in the evening it bounced off the weekly low at 0.823 USD. 

Today, the price of Ripple will continue to slowly recover above the moving average EMA55, and by the end of the week it will test the level of 1.00 USD. 

* All prices are based on BitStamp data

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