Analysis of the prices of Bitcoin, Ethereum, XRP for 12/17/2021

Yesterday's attempt by the bulls to continue the recovery ended with a rollback to the area of ​​average prices. Will they be able toWill buyers form another bullish impulse today?

BTC / USD

Yesterday in the first half of the day, the price of Bitcoin tried to stay above the two-hour EMA55. Trading took place on low volumes and there was no clear advantage on the part of the bears. 

However, in the evening sellers managed to push the pair below the average price level. At night, the decline stopped around the 61.8% fib level (47745.25 USD). 

If today this Fibonacci level works as a support, then buyers will be able to restore the pair above fifty thousand, and on the weekend they will continue to rise to the orange resistance of 53,400.00 USD.

ETH / USD

Yesterday in the morning the price of Ethereumset a daily high around 4117.00 USD. The weak growth was not supported by large volumes, and before the end of the day the pair returned to the psychological support of 4000.00 USD. 

Tonight, this level failed to hold another bearish impulse, and the price of ether rolled back to the two-hour EMA55. 

In the morning, sellers pierced the moving average, butbulls are trying to stay above the average price level. If this succeeds, the recovery will continue to the green resistance at 4300.00 USD.  

XRP / USD

Yesterday, the XRP price remained above the average price level, but in the evening sellers managed to break through the support of the two-hour EMA55 and push the pair close to the level of 0.800 USD. 

As of this morning, the pair has recovered a little andNow buyers are working to overcome the resistance of the moving average EMA55. A confident break above this level – will ensure the pair's recovery to the resistance area of ​​0.960 USD. 

* All prices are based on BitStamp data

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