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At the beginning of this week, the market began to recover, and today the pairs will try to gain a foothold in the area of average prices.
Selling prevailed yesterday morning, but the 61.8% fibo level (47745.25 USD) was able to keep the bitcoin price from falling deeply.
In the afternoon, the pair gradually began to recover and tested the two-hour EMA55 this morning. The BTC price marked a local maximum around the 51500.00 USD mark.
If during the day the pair consolidates above the moving average EMA55, then the recovery will continue to the resistance of 53400.00 USD.
ETH / USD
Yesterday in the morning, the psychological level of 4000.00 USD stopped the rollback of the ETH / USD pair. After a daily low around 3920.00 USD, buyers have retraced the Ethereum price above the 2-hour EMA55.
Growth was supported tonight by rather large volumes and the pair is trying to gain a foothold above the green level of 4300.00 USD. If successful, we can expect the ether to recover to the area of 4500.00 USD.
Early in the day yesterday, the bears were able to push the XRP price back below the 0.800 USD support, setting a daily low around the 0.750 USD mark.
In the second half of the day, buyers restored the pair to a sideways channel, in which the price consolidated at the end of last week.
The recovery continued to the mid-price area tonight, but buyers had not yet had time to test the two-hour EMA55 until the morning. A break above this moving average would provide a recovery towards the orange resistance of 0.960 USD.
* All prices are based on BitStamp data
#Analysis #prices #Bitcoin #Ethereum #XRP