Top 3 Bitcoin, Ethereum and Ripple Price Predictions: Short term key bullish targets on sight - Confluence Detector
|- Bitcoin breaks above the $6,400 level, targeting $6,850.
- Ethereum breaks $455, bullish confirmation on a close above $500.
- Ripple targeting $0,50 if it breaks above $0,466.
BTC/USD 240 min
Bitcoin is currently trading around $6,611, halfway between the confluence of the 61.8% weekly and the 38.2% monthly Fibonacci retracement level located at $6,530 and the confluence of the R1 weekly Pivot Point and the last 4-hour highs located at the $6,670 price level.
Below the $6,530 price level, Bitcoin finds support at the $6,360 price level, where there is a confluence of, among other indicators, the R1 daily Pivot Point and the 4H and 1H 200 SMA.
Above the $6,670 price level, Bitcoin is targeting the $6,850 confluence level, formed by the monthly and weekly highs and the daily upper band of the Bollinger Bands Indicator.
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ETH/USD 1D
Ethereum is currently trading around the $473 level, mid-way between the two major confluence levels. Above the current price, 25$ beyond the ETH/USD spot price, we can find the confluence of the weekly high and the 38.2% monthly Fibonacci retracement.
Below the current price, at the $449 level, the 38.2% weekly Fibonacci retracement and the 23.6% daily Fibonacci retracements could provide strong support for the Ethereum.
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XRP/USD 1D
Ripple has followed Bitcoin and Ethereum in their upward movement, but it stuck under the confluence of, among other indicators, the R3 daily Pivot Point level, the 61.8% weekly Fibonacci retracement and the 4H simple moving average of 100 periods located at the $0.467 price level. If Ripple breaks this confluence to the upside, the next target is located at the $0.49 price level, the confluence of the 23.6% monthly Fibonacci retracement and the weekly high.
Below the $0.467 price level, Ripple can find medium support at the confluence of the R2 daily Pivot Point and the daily SMA of 10 periods, located at the $0.458 price level. Below this confluence level, the most robust support is located at the $0.449 price level, where we can find the confluence of, among other indicators, the R1 daily Pivot Point, the 4H 50-SMA, and the 1-hour Bollinger system middle-band.
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