Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Lunar-orbiting market seeks new star-travel boost
|- Last-minute rallies push Top 3 back to the upside.
- Ether continues to lead the market, setting the pace for the upward trend.
- XRP falls behind again because of Ripple Ltd-linked rumours.
The cryptocurrency board turns green again without giving the eyes time to get used to the red. At the moment, the current climb is still within the planned lateral downward scenario so that this green could be short-lived on the screens.
The BTC/USD pair is moving back above $10000 but is unable to break the resistance in the short term.
Ether continues to do better than Bitcoin, as do Litecoin, EOS or XTZ.
XRP is still surrounded by negative rumours, in this case, the controversy comes from the possible mass sale of XRP by David Schwartz, one of the founders of Ripple Ltd, and now CTO of XLM.
News is coming from the US about a new layer of regulation in the cryptography industry. Steve Mnuchin, US Secretary of the Treasury, stated that his department is working on a new package of measures to increase transparency and security in the cryptography industry.
US President Donald Trump has expressed his desire for the secret service to work again with the Treasury Department. The goal of this movement is to prosecute the illegal use of crypto-currency to launder capital and illicit business.
ETH/BTC Daily Chart
ETH/BTC finished yesterday's trading session at a new relative high of 0.0285 after breaking through the price congestion resistance at 0.0275.
Ether continues to be favored by the market and continues to set the overall market momentum.
Above the current price, the first resistance level is at 0.0285, then the second at 0.029 and the third one at 0.030.
Below the current price, the first support level is at 0.027, then the second at 0.025 and the third one at 0.023.
The MACD on the daily chart is losing some of its upward momentum, but the distance between the lines is still intact. This setup is conducive to increased volatility, both upward and downward.
The DMI on the daily chart shows a slight improvement from the beginning of the week. The bears, on the other hand, are getting worse, but are still within striking distance of taking ETH/BTC’s leadership.
BTC/USD Daily Chart
The BTC/USD pair is trading above the psychological level of $10000 and is currently trading at the price level of $10140. The $9700 support level worked perfectly.
Above the current price, the first resistance level is at $10700, then the second at $11250 and the third one at $13980.
Below the current price, the first support level is at $9700, then the second at $9200 and the third one at $8750.
The MACD on the daily chart points to the downside, but with a slight slope and line spacing.
The DMI on the daily chart shows the bulls saving the first face of the bear. The low level it has reached after the bounce promises more meetings between the two sides of the market.
ETH/USD Daily Chart
ETH/USD is currently trading at the $279.5 price level after yesterday's high of $286. The price level to overcome to enter a new bullish phase is the $290 level.
Above the current price, the first resistance level is at $290, then the second at $308 and the third one at $318.
Below the current price, the first support level is at $260, then the second at $250 and the third one at $238.
The DMI on the daily chart shows bulls retaining the lead over the bears. The selling-side will likely attempt to capture the leadership of the pair.
XRP/USD Daily Chart
The XRP/USD pair is currently trading at the price level of 0.2938, in a second attempt to overcome the $0.30 level lost over the weekend.
XRP is again in the spotlight because there is speculation about the announcement made by Ripple Ltd co-founder David Schwartz to sell his large XRP stock.
Above the current price, the first resistance level is at $0.30, then the second at $0.32 and the third one at $0.33.
Below the current price, the first support level is at $0.29, then the second at $0.282 and the third one at $0.27.
The MACD on the daily chart completes the bearish cross, and the very likely development coincides with that of BTC/USD.
The DMI on the daily chart shows bulls with a slight advantage over the bears. A meeting between the two sides of the market will likely take place before the end of this week.
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