Analysis of prices for BTC, ETH, XRP (18.10.21)

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BTC/USD

Last weekend, the bitcoin price consolidated above the psychological mark of 60,000.00 USD and consolidated in a sideways range.

At the end of the week, the bears tried to swing the price and knock the pair out of the sideways, but tonight the price returned to the range and approached the monthly maximum zone in the morning.

If buyers can continue to rise, then during the day the pair will test the 100% Fibonacci level, and a strong bullish momentum will be able to renew the all-time high around the 66,000.00 USD mark.

ETH / USD

On Saturday, the price of ETH approached the psychological level of 4000.00 USD, renewing the monthly high at 3971.80 USD. We failed to test the orange level.

At the end of last week, the bears pushed the ether price below the four-hour EMA55, but over the past night, the pair was able to fully recover to the 3860.00 USD area.

In the morning, a rollback to the support of 3800.00 USD is possible, and if large purchases resume, then the price will break through the level of four thousand dollars and renew the monthly maximum around 4100.00 USD.

XRP/USD

At the end of last week, the XRP price was in a sideways range with support in the four-hour EMA55 area.

Over the weekend, the pair failed to test the level of 1.200 USD, and on Sunday evening the bears rolled back the price below the average price level, setting a weekly low at 1.022 USD.

This morning the pair is trying to recover to the POC line (1.120 USD), but it is not yet clear whether the price will be able to gain a foothold in this area or will continue to decline to the psychological level of 1.00 USD.

* All prices are based on BitStamp data

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