Top 3 Coins Bitcoin, Ethereum and Ripple Price Prediction: BTC/USD faces immediate resistance – Confluence Detector


Top 3 coins daily confluence detector

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Bitcoin

  • Open: $11,327.13 
  • Current Price: $11,522

BTC/USD lacks healthy support levels on the downside. The bulls face immediate resistance at $11,550. This level has the Previous Month high nad Previous Week low.

Ethereum

  • Open: $383.27
  • Current Price: $394.28 

ETH/USD lacks strong resistance levels on the upside.  The price is well-supported at $392 and $364. The former has the 4-hour Previous Low, while the latter has the Previous Year high.

Ripple

  • Open: $0.2645
  • Current Price: $0.2716

XRP/USD has strong resistance levels at $0.28 and $0.29-$0.292. The former has the Previous Week low and daily Pivot Point one resistance-one. The $0.29-$0.292 stack has the one-week Fibonacci 23.6% retracement level, monthly Pivot Point one resistance-one and daily Pivot Point one resistance-two.

On the downside, we have healthy support at $0.2625, which has the Previous Month high and one-day Fibonacci 23.6% retracement level.
 

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Nightmares repeat as BTC flash crashes

Bitcoin price slid roughly $7,000 on Wednesday after Elon Musk tweeted that Tesla will not accept BTC. Ethereum price dropped only $270 and is in recovery mode. Ripple eyes a dip into the demand zone ranging from $0.941 to $1.156 before it attempts to rise higher.

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Polygon sets sights on new all-time high despite recent flash crash

MATIC price shows a massive spike in buying pressure that has undone the recent crash. A sustained buying pressure here could propel Polygon price to the 161.8% Fibonacci extension level at $1.287. A breakdown of the support barrier at $0.872 will invalidate this uptrend.

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Ripple struggles to break through stiff resistance

XRP price seems to have suffered from the sell-off caused by Elon Musk's announcement that Tesla stopped accepting cryptocurrency payments. XRP price slid by more than 22% over the past 24 hours to hit a low of $1.20. Buyers seem to have quickly scooped up more tokens at a discount.

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Tesla ditches Bitcoin as payment but may accept Dogecoin instead

Dogecoin price plunged by over 25% in the past 24 hours, reaching a low of $0.38. DOGE fell in tandem with the rest of the crypto market following Elon Musk's announcement that Tesla is suspending vehicle purchases using Bitcoin. The meme-coin could be awaiting a recovery if Tesla decides to accept DOGE as payment instead. 

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