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Analysis of prices for BTC, ETH, XRP (01/18/21)


BTC / USD

Last weekend the bears pushed through the support of 36000.00 USD and tested the level of 34000.00 USD. Yesterday afternoon, buyers tried to recover the price, but could not hold above the hourly EMA55.

Today, attempts to gain a foothold above the level of average prices will be repeated, but if the moving average is not broken through, the pair will continue to decline below the POC line to support at 32600.00 USD.

ETH / USD

Last Saturday, buyers were able to pierce the resistance at 1250.00 USD, but they failed to continue the recovery until the end of the week. On Sunday, sellers pushed the pair below the average price level and until the end of the day, buyers did not manage to restore the ETH price to its previous level.

The trading volumes decreased tonight and the pair is trying to hold on to the hourly EMA55, but in the morning the bearish pressure may increase, then the ether price will test the level of 1150.00 USD. If the bears fail to break the support of 1120.00 USD, then earlier this week the bulls will try to organize a full-scale recovery in the zone of January highs.

XRP / USD

On Saturday, the XRP price tried to gain a foothold in the $ 0.280 – $ 0.310 sideways corridor, but the two-hour moving average turned the pair downward and the lower border of the corridor could not stop the pullback to the 0.270 USD mark.

Yesterday, in the afternoon, the price was recovering, but it is no longer possible to return to the sideways range. Kraken exchange suspends XRP trading and if this provokes a new bearish momentum, then the fall may continue below the support of 0.260 USD.

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