Top 3 Bitcoin, Ethereum and Ripple Price Predictions: Stability stressful for some, a springboard for others - Confluence Detector

BTC/USD 4H

Bitcoin is currently trading at the $8,193 price level, a range it entered yesterday, between $8,050 and $8,431.

Above the current price, the BTC/USD is very close to a confluence level located at the $8,250 price level. This confluence owes its strength to the daily 38.2% Fibonacci retracement level, the 4-hour minimum and the 15 minutes SMA200. A little above this confluence, at $8,325 the daily 61.8% Fibonacci retracement level and the four-hour high awaits the digital coin. If these resistance lines could be converted into support ones, Bitcoin would once again challenge the resistance area of the peaks it reached yesterday: $8,437. In this area, apart from the obvious daily high, the weekly R2 level of Pivot Point converges. Further above and already in a zone not visited for weeks, the area beginning at $8,630 and extending to $8,670 features stiff resistance with the confluence of the daily SMA200 and the daily and monthly R2 levels of Pivot Point calculation system.

Below the current price, a reasonably clear cushion awaits at $8,000. This area is where the zones of influence of, among others, yesterday's low, the daily S1 level of Pivot Point and the weekly R1 level of Pivot Point converge. If BTC/USD were to lose this support level, the next significant support level is located at $7,680 where the monthly and weekly lows converge with the daily S2 Pivot Point level or the hourly SMA200.

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ETH 4H

In contrast to the Bitcoin analysis, Ethereum moves in a complex environment that limits it from above and below.

Above the current price, the first confluence zone is just above the current price of $475.5. This confluence zone includes, among other indicators, the daily 61.8% Fibonacci retracement level and the 4-hour lows. If Ethereum manages to overcome this resistance, the next confluence level is at $485. It is the most substantial level in the entire price range. The ETH/USD will find a confluence zone consisting of the daily R1 Pivot Point level and the daily SMA50. A little higher waits, at the $490 price level, the monthly 38.12% Fibonacci level plus the daily R2 Pivot Point level, the weekly 23.6% weekly and the daily 161.8% of Fibonacci retracement indicator.

Below the current price, the first significant confluence level is located between the $465 and $469 price levels. The indicators that add up forces to build this level of confluence are, among others, the daily 23.6% Fibonacci level, the hourly SMA200 and SMA100, the weekly 61.8% Fibonacci retracement level and yesterday's lows.

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XRP 4H

Ripple is immersed in a large confluence zone that ranges from a price level of $0.47 to $0.45.

Above the current price, the XRP/USD only has to worry about exceeding $0.47. If Ripple makes the break, it will enter a clean area that can make climbing much more accessible. To reach this price level, XRP/USD must pass an area of strong confluences formed by, among other indicators, the daily 38,2% Fibonacci retracement level, the hourly SMA200 and the 4 hours SMA50. Also part of this major confluence is the daily 23.6% Fibonacci level, the 4-hour SMA200, the weekly 161.8% Fibonacci retracement level, the daily SMA10, the daily R1 Pivot Point level and yesterday's highs. If Ripple manages to overcome this strong resistance level, it has a lot of free ground up to the next price level of $0.485, where it would find another confluence formed by the daily R3 Pivot Point levels, the weekly 38.2% Fibonacci retracement level and the monthly 23.6% Fibonacci retracement level, among others.

Below the current price, the strength level of the confluences decreases until the price level of $0.4527, where the daily S1 level of Pivot Point, yesterday's low and the daily SMA5 level are at $0.4527. Below this support level, it may free-fall all the way to $0.442 where the daily 161.8% Fibonacci retracement level appears.

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