March 29, 2024

Analysis of the prices of Bitcoin, Ethereum, XRP for 09/17/2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 09/17/2021

Buyers were unable to continue their growth yesterday. Will the market remain above average prices?

BTC / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 09/17/2021

Yesterday morningbuyers managed to update the weekly maximum tomark 48505.00 USD, after which they lost the initiative. Sellers were able to push the Bitcoin price below the 61.8% fib level (47745.68 USD), and by the end of the day the pair tested the two-hour moving average EMA55. 

Sales volumes did not exceed the average level,Therefore, over the past night, buyers easily bought the 61.8% Fibonacci level, but they do not yet have the strength to continue the recovery to the weekly high zone. If the volume of purchases can be increased, then a re-test of the level of 49600.00 USD is possible. 

If the bearish onslaught intensifies, it will not be possible to avoid a breakout of the two-hour EMA55 and the BTC price will roll back to the support of 46000.00 USD. 

ETH / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 09/17/2021

Yesterday early in the morning the price of Ethereum updated its weeklythe maximum was at 3677.00 USD, but even before lunch the bears slowed down the growth rate and began to put pressure. As a result, sellers were able to push the ETH price below weak support at 3530.00 USD, setting the daily low around 3485.00 USD. 

Tonight the pair returned above support 3530.00 USD, but with increasing pressure from sellers, the price of ether will drop to the two-hour EMA55. We expect support in the area of ​​average prices and a recovery to the weekly high zone. 

XRP / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 09/17/2021

Yesterday trading volumes were quite low.Buyers were unable to maintain their advantage and lost the initiative. As a result, the XRP price retreated below the two-hour EMA55, marking the daily low at 1.085 USD. 

Today, the pair’s slow decline may continue towards the support of 1.050 USD. 

If buyers form a bullish impulse, the price will recover to the weekly high zone and continue to grow to the area of ​​1,200 USD until the end of the week. 

* All prices are based on BitStamp data

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