Top 3 Price Prediction Bitcoin, Ripple, Ethereum: An unexpected shock puts the market facing its weaknesses

• Bitcoin resists well and proves why it is the King.
• Ethereum loses steam and commits to the global market.
• XRP was the weakest and the blow has made it much worse.

 

The day of scare we lived yesterday in the crypto universe when prices plummeted suddenly, like almost everything that happens in this market.

Today the day begins with generalized rises but at the time of writing this article are far from recovering the levels lost yesterday.

 

ETH/BTC 240 Minute Chart

 

The ETH/BTC pair lost the main bullish trend line and goes after the 0.0338 level support.

The ETH/BTC is currently trading at the price level of 0.0341 and would need to recover from yesterday's loss of 0.0344 for the bullish momentum to regain its full potential. Statistically, this is not the most likely to happen, but the price will probably look for the next support level at 0.332 (price congestion support) and then 0.0330 (parallel bullish line).

 

The MACD on the 4-hour chart seems to indicate a possible bullish cross that would support the less likely scenario, but it is in the negative zone of the indicator, and that weakens the behavior pattern.

The DMI on the 4-hour chart shows how the bears are not very convinced with the falls while the bulls, who just withdrew yesterday if they take advantage today to increase their level of activity today.

 

Do you want to know more about my technical setup?

 

BTC/USD 240 Minute Chart

 

The BTC/USD is currently trading at the $3,979 price level after finding support yesterday at the $3,955 price level (price congestion support). Bitcoin's strength is noteworthy, as it did not even close below the EMA50. The moving averages are perfectly aligned to the upside, so the scenario continues to be fully bullish.

Below the current price, the first support level is at the $3,955 price level (congestion support and EMA50). The second level of support for the BTC/USD pair is also a confluence that starts the SMA100 at the $3,910 price level, continues at $3.900 with price congestion support and completes the SMA200 at the $3,870 price level. The third level of support goes into a down-side scenario at the $3,690 price level (price congestion support).

Above the current price, the first resistance level is at the $4,000 price level (price congestion resistance and "thousand units" pattern). The second resistance level is at the price level of $4,050 (price congestion resistance), while the third resistance level is at the price level of $4,200 (price congestion resistance).

 

 

The MACD on the 4-hour chart shows averages cut downwards, with little inclination and still in the positive zone of the indicator. It is a promising setup for a possible bullish turn in the next hours.

The DMI on the 4-hour chart shows how in the case of the BTC/USD pair bears have believed in yesterday's declines. The bulls do not trust each other either and retreat below the ADX line, which should lengthen the bearish tone until they recover the previous position.

ETH/USD 240 Minute Chart

 

The ETH/USD is trading at the $136.7 price level after finding support at the $135 price level (price congestion support). The situation is complicated for the Ethereum because the falls led it to pierce all moving averages and now exert formidable resistances.

Below the current price, the first support level is at the price level of $130.6 (price congestion support), while the second support level is at the price level of $120 (price congestion support). The third level of support is also very far away, precisely at the price level of $115 (price congestion support).

Above the current price, the first resistance level is at the $137 price level where the SMA200, the SMA100, and the EMA50 converge. A significant wall. The second resistance level is at the price level of $142 (price congestion resistance), while the third resistance level is at $150.5 (price congestion resistance).

 

 

The MACD on the 4-hour chart shows a cross profile on the downside, with little bearish inclination and small line spacing. This part is positive. The fact that it is in the negative zone of the indicator subtracts potential from the setup.

The DMI on the 4-hour chart shows the bulls entering today's recovery with strength, while the bears retreat a bit, but seem to be confident that the decline can continue.

 

XRP/USD 240 Minute Chart

 

The XRP/USD is currently trading at the $0.310 price level, after finding support at the $0.308 price level (price congestion support). The overall structure of the XRP is the least positive in the Top 3, moving since mid-February in a sideways range that collapses at times and offers a downward exit as an argument.

Below the current price, the first support level is at the price level of $0.308 (price congestion support), then the second support level is at the price level of $0.30 (price congestion support). The third support level for the XRP/USD pair is at the price level of $0.294 (price congestion support).

Above the current price, the first resistance level is at the price level of $0.3175, where the SMA200 and a price congestion resistance meet, and reinforced by the presence of the EMA50 and the SMA100 at the price level of $0.317. The second resistance level is at the price level of $0.328 (price congestion resistance), while the third resistance level is at the price level of $0.3345 (price congestion resistance).

 

 

The MACD on the 4-hour chart shows a bearish cross with a steep slope. The opening between the lines is also considerable. To this negative data, we must add the fact that the lines are already moving in the negative territory of the indicator.

The DMI on the 4-hour chart shows bulls surrendering and moving below the ADX line, which would indicate that the current situation of weakness could drag on for quite some time.

 

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