Analysis of prices BTC, ETH, XRP (05.08.20)

Analysis of prices BTC, ETH, XRP (05.08.20)

By InsanisFox | DivesEst | 5 Aug 2020


BTC/USD

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Yesterday sellers pushed the BTC price back to 11000.00 USD, but the bears were unable to push through this psychological support. As a result, the price of bitcoin spent the whole day in a sideways range at the level of the two-hour EMA55.

It should be noted that buyers lost the initiative yesterday and could not organize a single attempt to break through the 50% Fibo resistance (11394.15 USD). Perhaps today these attempts will resume, then a breakthrough to a new annual maximum is still relevant.

Strengthening the positions of sellers in the eleven thousand area - will provoke a rollback to the support of 10500.00 USD.


ETH/USD

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Ethereum trading volumes dropped significantly yesterday. The pair consolidated in a narrowing sideways range around 390.00 USD. The bears could not push through the support of 380.00 USD, and the buyers did not manage to restore the price to the psychological resistance of 400.00 USD.

If today the bulls are able to increase volumes above the average, then they will overcome the four hundred dollar mark and update the annual maximum around 420.00 USD.


XRP/USD

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Sellers pushed the XRP price below 0.300 USD yesterday, but the pair held above the 2-hour EMA55. Thus, since the second half of July, Ripple continues to be in an upward corridor above the level of average prices.

If buyers manage to maintain such dynamics at the beginning of August, then by the end of this week the price will renew its annual maximum in the area of ​​0.350 USD.

If the bears manage to push through the two-hour moving average EMA55, then the pair will roll back below the support of 0.280 USD.


  • The given material for orientation objectives!
  • I shall forgive for my English - I use the translator!)

 


InsanisFox
InsanisFox

Crazy gatherer


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