Analysis of prices for BTC, ETH, XRP (05/12/21)

BTC / USD

Yesterday, buyers managed to seize the initiative, and on average volumes the pair recovered to the two-hour EMA55. Now the volume of purchases has begun to decline, and the recovery in the BTC price has significantly slowed down.

If buyers are able to overcome the level of average prices, then the pair will continue to rise to the resistance of 58000.00 USD.

If the moving average EMA55 turns the pair into a pullback, then we believe that the decline in the price of bitcoin will be short and will stop in the area of ​​the POC indicator line ($ 54980).

ETH / USD

Yesterday morning, the 2-hour EMA55 kept the Ethereum price from falling further. After retesting the moving average, the pair began to recover to the zone of the absolute maximum and this morning managed to update it above the level of 4360.00 USD.

Since last Saturday, today is the fifth day of continuous growth in the price of ETH. After the next high, we will see a pullback below the average price level.

XRP / USD

Yesterday, the absence of strong bearish pressure allowed XRP price to recover above the key level of 1.500 USD, and this morning buyers consolidated in the mid-price area.

Small volumes of purchases do not allow the pair to return to the area of ​​the POC line ($ 1.577). During the day, it is possible to retest this indicator line and reverse for a decline. Before the end of the day, the pair will again roll back below the mark one and a half dollar per coin.

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