March 29, 2024

Analysis of the prices of Bitcoin, Ethereum, XRP for 13.05.2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 13.05.2021

Yesterday, the crypto market followed the declining stock market and marked weekly lows in the fall.near strong support levels.

BTC / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 13.05.2021

Yesterday morning the price of Bitcoin failed to return togreen rising wedge to continue the fight to break through the psychological level of 60000.00 USD. Resistance at 58000.00 USD turned the pair into a deep pullback, as a result of which tonight the BTC price tested support at 46000.00 USD. 

In the morning, the pair rebounded above the 50,000 mark.00 USD and is trying to gain a foothold in this area, however, against the backdrop of a three-day fall in the stock market, the negative expectations of crypto market participants are intensifying. (Yesterday, the Dow Jones and S&P500 indexes fell about 2%, reaching a one-month low.)

During the day today, the pressure from the bears may increase and the pair will return to the local minimum in the support area of ​​46000.00 USD.

ETH / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 13.05.2021

Yesterday the price of Ethereum broke the target level4300.00 USD, and before a deep pullback, it managed to update the absolute maximum in the area of ​​4380.00 USD. At the end of the day, the price of ether fell below the level of average prices, and tonight it tested the support of 3600.00 USD. The local minimum is set at 3550.00 USD. 

In the morning, buyers tried to restore the pair inarea of ​​the two-hour EMA55, but the lack of positive sentiment in the market may return the price to the overnight low zone. We believe that by the end of the day the price may consolidate around 3500.00 USD. 

XRP / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 13.05.2021

Yesterday in the first half of the day, the XRP price rolled back below 1.500 USD, and by the end of the day it broke through the support of 1.315 USD, setting a minimum at 1.201 USD overnight. 

Until the morning, buyers tried to restore the price above the yellow support, but so far it has not been possible to gain a foothold in the short-term sideways trend. Today there is a high probability of the continuation of the decline to the level of 1.150 USD.

* All prices are based on BitStamp data

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