June 14, 2021

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 Bitcoin price was unable to return togreen rising wedge to continue the fight for the breakout of the psychological level of 60,000.00 USD. Resistance at 58000.00 USD turned the pair into a deep pullback, as a result of which the BTC price tested support at 46000.00 USD tonight.

In the morning, the pair bounced above 50,000.00 USD and is trying to gain a foothold in this area, however, against the background of a three-day fall in the stock market, the negative in the expectations of crypto market participants is increasing. (The Dow Jones and S & P500 were down about 2% yesterday, hitting a monthly 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

Ethereum price pierced target level yesterday4300.00 USD, and before a deep pullback, managed to renew the absolute maximum around 4380.00 USD. At the end of the day, the ether price fell below the average price level, and today 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 tothe area of ​​the two-hour EMA55, but the lack of positive sentiment in the market may return the price to the area of ​​the night low. We believe that by the end of the day the price can gain a foothold in the area of ​​3500.00 USD.

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

Yesterday in the morning the XRP price rolled back below 1.500 USD, and by the end of the day broke through the support of 1.315 USD, setting a low at 1.201 USD at night.

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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