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Analysis of prices for BTC, ETH, XRP (22.03.21)

BTC / USD

On Saturday, buyers tried to continue the growth of the bitcoin price to a new high, but on small volumes they could not overcome the resistance of 60,000.00 USD. By the end of the day, the pair rolled back to the average price area, and on Sunday night the bears pushed through the two-hour EMA55.

On the last day of the week, sellers achieved a retest of the green trendline. After such a rollback, buyers have not yet managed to restore the BTC price above the 58000.00 USD level. The trend line limits bearish pressure and keeps the pair in the mid-price area. If sellers are able to break the uptrend line, then the pair will test the support of 53400.00 USD.

On the other hand, at the beginning of this week, another attempt by the bulls to break through to the maximum zone and continue to run into the area of ​​64,000.00 USD is possible, but for this, buyers need to form a powerful impulse that will break through the resistance in the area of ​​60,000.00 USD.

ETH / USD

Last weekend, the Ethereum price failed to break above the level of 1860.00 USD and continued a two-week marathon in a sideways direction in the area of ​​the POC line (1800.89 USD).

Now sellers have pushed the ether price below the Point Of Control indicator line and keep the pair under the two-hour EMA55. If the bearish pressure intensifies, the pair will test the support of 1680.00 USD.

On older time frames, the Stoch RSI indicator lines form a signal for a recovery in the ETH price. It can be assumed that at the beginning of the week the bulls are preparing a breakout of the resistance of 1860.00 USD and a re-test of the level of 1950.00 USD.

XRP / USD

At the end of last week, we were skeptical that in the event of a breakout of resistance at the 0.500 USD level, the XRP price would be able to gain a foothold above this psychological level. However, last Saturday, the pair tested the 0.550 USD mark, and until this morning the Ripple price is holding above fifty cents.

If the bears fail to return the pair below this psychological level, then this week the price will continue to rise to the resistance area of ​​0.600 USD.

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