Analysis of prices for BTC, ETH, XRP (14.10.21)

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BTC/USD

Yesterday in the morning, sellers pushed the BTC price below the 78.6% fibo level (55288.19 USD), to the four-hour EMA55 area. During the day, the bulls with great difficulty brought the pair back to the 78.6% Fibonacci level, and in the afternoon they won back the lost positions from the bears on the approach with the resistance of 58000.00 USD.

Tonight, low-volume buyers decided to attack the impregnable line at USD 58,000.00. In the morning, the price pierced the blue resistance and marked a new October high at 58550.00 USD.

Small volumes do not allow the growth to continue, and sellers easily rolled back the price below the resistance level. Now there is a positional struggle on this border.

If the bears gain an advantage, then today the price of bitcoin will roll back to the area of ​​56600.00 USD, and then the decline may continue to the level of 78.6% fibo (55288.19 USD).

ETH / USD

Yesterday, the passive mood of market participants led to a rollback of the Ethereum price to the support area of ​​3400.00 USD, but in the afternoon, buyers restored the pair above the four-hour EMA55 level.

At night, the growth continued to the zone of the monthly maximum, however, the bulls cannot update it yet. If today we still fail to increase the volume of purchases, the pair will return to the area of ​​average prices.

XRP/USD

Yesterday in the morning the XRP price returned to the area of ​​the local minimum in the area of ​​the POC line (1.073 USD).

Nevertheless, in the afternoon, buyers were able to start a recovery, as a result of which the price tested the level of 1.140 USD this morning. There is very little hope for further growth in the area of ​​USD 1,200.

Most likely, the pair will roll back below the Point Of Control line (1.073 USD).

* All prices are based on BitStamp data

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