Top 3 Coins Price Prediction: Bears temporarily take control, but Confluence Detector shows upside potential for Bitcoin and Ethereum
Top 3 coins daily confluence detector
Bitcoin
- Open: $7,112.85
- Current Price: $7,096.45
BTC/USD has a lack of strong resistance levels on the upside. On the downside, there is a healthy stack of support between $7,000-$7,050, which has the one-day SMA 10, 4-hour SMA 50, one-day SMA 50, 15-min SMA 100, one-week Fibonacci 61.8% retracement level and 4-hour Previous Low.
Ethereum
- Open: $172.58
- Current Price: $171.80
ETH/USD has no strong resistance levels and only one healthy support level of note on the downside at $163. It sees a confluence of 4-hour SMA 10, one-day SMA 10, one-hour SMA 50, one-day SMA 50, one-week Fibonacci 38.2% retracement level and one-hour Bollinger Band lower curve.
Ripple
- Open: $0.1908
- Current Price: $0.1898
Ripple, unlike Bitcoin and Ethereum, has a strong resistance level at $0.19, which has the 15-min Previous Low, one-hour Previous Low, 15-min Bollinger Band lower curve, one-hour Bollinger Band middle curve, 4-hour SMA 5, 15-min SMA 50, 4-hour SMA 50, one-hour SMA 200. On the downside, notable support lies at $0.1764, which has the one-week Pivot Point one support-one and Previous Year low.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
