Analysis of prices for BTC, ETH, XRP (05/07/21)

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BTC / USD

Yesterday morning, the BTC price was in a narrow sideways range, and in the afternoon, buyers again tried to break above the resistance of 58000.00 USD. This time, the rally was not supported by a large buyer, and in the afternoon the bears pushed the price back below the 2-hour EMA55.

The bearish momentum was strong enough, but over the past night the pair recovered to the mid-price area, trying to stay in consolidation.

This morning, there is pressure from sellers and the price of bitcoin may roll back to the POC line ($ 54,980). If this support level fails to stop the bears, then the pullback will reach 54000.00 USD.

In the afternoon, the pair may recover to the resistance of 58000.00 USD.

ETH / USD

Yesterday the bulls were able to continue their growth to the level of 3600.00 USD and renewed the absolute maximum around the level of 3610.00 USD. In the afternoon, the pair started to decline, but met support at 3400.00 USD. Today bears may break this support and bring the pair back below the average price level.

If the two-hour moving average EMA55 does not keep the pair from falling, then the bears may test the lower border of the blue ascending channel.

XRP / USD

Yesterday’s unsuccessful attempt to break through the orange resistance of 1.690 USD ended with the XRP price pulling back below the 2-hour EMA55 level.

Until this morning, the pair is still somehow trying to stay in the area of ​​average prices, but if the bears intensify the onslaught, they will test the support of 1.500 USD. A breakout of this key level will result in a pullback to the POC line ($ 1.383).

On the other hand, if the price holds above the purple support one and a half dollar per coin, then by the end of this week the bulls’ attack on the resistance of 1.690 USD will be repeated.

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