Top 3 Price Prediction Bitcoin, Ripple, Ethereum: The bull market waits for no one

• A weak XRP is no excuse for the market postponing the takeoff.
• ETH pulls out the stripes and goes to the front.
• Signs of exhaustion appear in the short term.

 

The second week of April begins with the second week of overwhelming bullish mood at the cryptocurrencies market. In Friday's article, I claimed a step forward for ETH and XRP, and at least, Ethereum is doing its part.

Early in the Asian session, Ethereum has begun to positively distance itself from Bitcoin, accompanied by Ethereum Cash, Litecoin and EOS among the main cryptocurrencies. Only XRP remains relatively calm, as its graphics against Bitcoin and Ethereum are now very negative and it is difficult to keep up with them.

It seems that the current bullish phase will be done without the leadership of the creation of Ripple Ltd., although it is very probable that in a later period it will claim the protagonism it deserves.

The overall aspect of the market continues to improve, and behavior patterns are being met. So, let's see what the ETH/BTC pair tells us about what to expect in the next few days.

 

ETH/BTC 240 Minute Chart

 

The ETH/BTC crypto cross is currently trading at the price level of 0.0344, hitting a high of 0.0353 during the Asian session, a level at which the price congestion resistance of 0.035 meets the upper parallel trend line.

Above this first resistance level for the ETH/BTC pair, a second parallel bullish trend line forms a resistance at 0.0362; then the third resistance level is at 0.0384 (price congestion resistance).

Below the current price, the first support level is at 0.0336 (lower bullish trend line), then the second support level is at 0.0332 (price congestion support), and the third support level is at 0.0324.

 

The MACD on the 4-hour chart increases its bullish profile and increases the line spacing. The structure is strongly bullish, and only a correction of the excesses can cause the price to drop significantly.

The DMI on the 4-hour chart shows us how bulls shoot up and have much room to go. The bears, on the other hand, withdraw, place themselves below the ADX line, and renounce any attempt at dispute.

 

Do you want to know more about my technical setup?

 

BTC/USD 240 Minute Chart

 

The BTC/USD pair is currently trading at $5.235 after distancing itself from price congestion resistance at $5.090.

Above the current price, the first resistance level is at $5,500 (price congestion resistance), then the second resistance level is a powerful confluence of three price congestion resistances between $6,250 and $6,500.

Below the current price, the first support level is at the recently overdue support level of $5,090 (price congestion support), then the second support level is at $4,822 (EMA50), and the third support level is at $4,390 (SMA100).

 

The MACD on the 4-hour chart shows a very flat profile and does not make the short term development entirely clear. The structure is consistent with a rotation of leadership towards Ethereum.

The DMI on the 4-hour chart shows bulls controlling the market but with little margin against bears. Both sides of the market move below the ADX line, indicating difficulties in moving the price freely.

 

ETH/USD 240 Minute Chart

 

The ETH/USD pair is currently trading at the $180.80 price level, just above the $180 price congestion support. The second support level is at $161 (price congestion support and EMA50), while the third support level is at $150 (price congestion support and SMA100).

The Ethereum should lead the next bullish leg of the Crypto market, but the particular situation shows some exhaustion.

Above the current price, the first resistance level is at $190 (price congestion resistance), then the second resistance level for the ETH/USD pair is at $200 (price congestion resistance), while the third resistance level is at $208 (price congestion resistance).

 

The MACD on the 4-hour chart shows a divergent price profile. This structure indicates weakness although when markets trend at this magnitude, this type of situation can be prolonged for a long time.

The DMI on the 4-hour chart shows the bulls controlling the situation while the bears continue to lose strength gradually. The favorable structure for the ETH/USD indicates that the bullish movement may remain in the short term.

XRP/USD 240 Minute Chart

 

The XRP/USD pair is currently trading at $0.357, after failing to overcome the price congestion resistance of $0.366.

The XRP continues to refrain from assuming its leadership role and seems to want to play against the general market sentiment. Its technical structure in its crosses against the BTC and the ETH is awful in the medium term, so it seems that it will reserve its explosive character for later.

Above the current price, the first resistance level is $0.367 (price congestion resistance), then the second resistance level is $0.39 (price congestion resistance), and the third resistance level is $0.437 (price congestion resistance).

Below the current price, the first support level is $0.345 (EMA50), then the second support level is $0.334 (price congestion support) and the third support level for the XRP/USD pair is $0.325 (price congestion support, SMA100, and SMA200).

 

The MACD on the 4-hour chart shows a slightly inclined bearish cross. The opening is minimal, although the underlying weakness can accelerate the bearish process at any time.

The DMI on the 4-hour chart shows bulls controlling the XRP although with a minimal advantage. The bears remain at the same levels as last week, even during the previous bullish leg.

 

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