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Analysis of prices BTC, ETH, XRP (11.08.2020)

• BTC/USD

Yesterday morning, buyers were unable to increase buying volumes and the growth stopped at the daily high point of 12080.00 USD. The zone of the August 2019 high remains, as before, out of reach for bulls.

The sellers extinguished yesterday's attempt to break into the zone of the annual high with a bearish impulse, which pushed the pair back to the support of 11500.00 USD. However, the bitcoin price quickly rebounded above the average price level, and today buyers are ready to try again to refresh the annual maximum.

If buyers find support in the 2-hour EMA55 area, they may form another bullish impulse. If the bears push through the average price level, the pair will return to the 50% fibo support (11394.15 USD).

• ETH/USD

Ethereum price yesterday failed to overcome the resistance of 400.00 USD. During the day, buyers tested it for strength several times, but it did not work to overcome this psychological level.

If the two-hour EMA55 continues to act as a support, attempts to break through to the 420.00 USD area will be repeated today.

If the sellers push the pair below the average price level, then the pullback will stop at the support area of ​​360.00 USD.

• XRP/USD

Buyers were unable to break above the 0.300 USD resistance yesterday morning. A decrease in their activity in the first half of the day led to a pullback to the support area of ​​0.280 USD. However, the pair managed to recover to the mid-price area and consolidate in a narrow sideways range until the end of the day.

At night, another attempt to break through the 0.300 USD level is seen. In the morning, the Ripple price is trying to gain a foothold above this psychological level.

If the attempt is successful, then the growth will continue to the zone of the monthly maximum, and if the psychological level does not withstand the onslaught of sellers, then the pair will return to the area of ​​average prices.

Analysis of prices BTC, ETH, XRP (07.08.2020)

BTC/USD



There was no strong selling pressure yesterday, and the price felt a weak support at the level of 11,600.00 USD. The pair managed to continue recovering, but buyers were not very active. All that we managed to achieve by the end of the day was to test the level of 11900.00 USD.

Sellers bounced back the day's recovery overnight and bitcoin price pulled back to almost the same weak support, but rising lows can be seen on the 2-hour timeframe.

The forecast for the renewal of the annual maximum in the area of ​​12,300.00 USD is still valid. If we manage to form a strong bullish momentum, then the pair will be able to cover the August 2019 high, which was set at 12325.00 USD.

ETH/USD



Ethereum trading volumes were below average yesterday and buyers failed to overcome the psychological barrier at around 400.00 USD.

At the end of the day, the two-hour EMA55 kept the price from a weak bearish momentum. It looks like attempts to break through the resistance of 400.00 USD will continue today and if buyers succeed, they will renew the annual high around 420.00 USD.

If sellers push through the level of average prices, then the nearest support may be the level of 360.00 USD.

XRP/USD



Yesterday, in the first half of the day, the Ripple price balanced at around 0.300 USD. In the second half, buyers tried to continue the recovery, but they failed to gain a foothold above the 0.310 USD level.

We continue to hope for support from the 2-hour EMA55 and look forward to a renewed August high. If buyers are able to form a bullish momentum, then it will be possible to establish a new annual high in the 0.350 USD area.