Top 3 Price Prediction Bitcoin, Ripple, Ethereum: It doesn’t look that way, but the market goes into bullish mode

• Upward configuration scenarios that are not reflected in the price just yet.
• If big money appears, the move can be like in the good old days.
• The market plays in the limit, there is a latent risk.

 

Late on Wednesday, the BTC/USD pair managed to break and consolidate the $4,000 resistance level, generating headlines in the crypto sphere.

At the time of writing, in the European session, the market remains shallow, and the conquest does not seem to have animated the buying side of the market at all.

 

ETH/BTC 240 Minute Chart

 

The market's director chart gives us the right information about the current moment. The ETH/BTC pair is still attached to the support line, positive when it has not pierced it, negative when it cannot be separated from it.

The technical analysis of the cross between Ethereum and Bitcoin informs us of how the bears maintain control more by the absence of interest on behalf of the bulls than by their strength.

 

 

The current scenario slightly favors the bearish side, although at levels where it could quickly change to the bullish side as money moves towards the Ethereum.

 

Do you want to know more about my technical setup?

 

BTC/USD 240 Minute Chart

 

BTC/USD is currently trading at $4.033 after yesterday's high of $4.046. The buyer side is not reacting to the break, and the current consolidation of the $4,000 and has not even attempted to attack the next level despite being just $4 away from it.

 

Above the current price, the first resistance level is at $4,050 (price congestion resistance), the last wall in a series of four in a range of only $200. Above this resistance level, the scene opens up a bit, and BTC/USD will find no resistance up to $4,200 (price congestion resistance). The third resistance level is at $4,550 (price congestion resistance).

 

Below the current price, the first support level is at $4,000 (price congestion support) and then we note the second at the price level of $3,950 (price congestion support and EMA50). The third level of support for the BTC/USD pair is at the $3,900 price level (price congestion support and SMA100).

 

 

The MACD on the 4-hour chart reliably represents yesterday's movement. There were a slight uptrend and a small opening between the lines, but with little force, following the bullish cross the indicator has flattened out.

The DMI on the 4-hour chart shows that the bulls remain in control despite decreasing their trend strength. This setup is possible by the even more significant decrease in the trend strength of the bears in the last few hours. This drop brings them below the ADX and puts the market in a bullish mode.

ETH/USD 240 Minute Chart

The ETH/USD pair is currently trading at $140, continuing the compression to which the price is being subjected. Ethereum moves to the upside pushed by the three main supporting moving averages, as the price moves towards the first resistance level at the $142.3 price level (congestion resistance).

Above the current price, and beyond this first resistance level, ETH/USD has a second resistance level at the price level of $151 (price congestion resistance). The third resistance level is at $161.5 (price congestion resistance).

Below the current price, the first support level is formed by the three typical moving averages, starting with the EMA50 at the price level of $138.27, then the SMA100 at $138.20 and finally the SMA200 at the price level of $138.2. Below this critical confluence, the second support level is at $131.5 (price congestion support), while the third support level for ETH/USD is at $120 (price congestion support).

 

 

The MACD on the 4-hour chart shows an almost perfect bullish cross curve. It rests accurately on the neutral line of the indicator. The most likely scenario is a slow start upside evolution.

The DMI on the 4-hour chart shows bulls dominating the scene but with a minimal advantage over bears. The bears decrease their trend strength and move below the ADX line, which statistically puts the ETH/USD pair in bullish mode.

XRP/USD 240 Minute Chart

 

XRP/USD is currently trading at $0.318, ignoring the achievement of BTC/USD and the bullish situation of both that pair and ETH/USD. Isn't that right? So it seems at first glance, and in some aspects the XRP situation is lateral, but some details change the picture and propose possible upside surprises.

 

Above the current price, the first resistance level is at $0.328 (price congestion resistance), then the second resistance level is at $0.335 (price congestion resistance). This second resistance level is essential, as above the range widens a lot and XRP/USD would find no resistance up to $0.390 (price congestion resistance).

 

Below the current price, the first support level is the confluence of typical moving averages, similar to ETH/USD. First, at $0.3175 (price congestion support), then at $0.317 the SMA200, at $0.316 the EMA50 and completing the support, the SMA100 at $0.315. The second level of support is at $0.308 (price congestion support), while the third level of support is at $0.300 (price congestion support).

 

 

The MACD on the 4-hour chart shows the averages crossing up again and moving above the neutral level of the indicator. This setup is a positive surprise that has the potential to keep options on the upside.

The DMI on the 4-hour chart shows how the bulls resurfaced yesterday with much more force than we could expect from the negligible price movement. Bears retreat quickly and are below the 20 level of the indicator, although above an ADX at lows due to lack of price direction.

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