Rajarshi Mitra
Independent Analyst
- BTC/USD and ETH/USD lack healthy support on the downside.
- ETH/USD has dropped below the $400-mark.
Top 3 coins daily confluence detector
Bitcoin
- Open: $11,396.83
- Current Price: $10,656.68
BTC/USD lacks healthy support on the downside, so even further price drops can be expected. On the upside, we have a strong resistance level at $11,325, which has the one-week Fibonacci 23.6% retracement level and one-month Fibonacci 61.8% retracement level.
Following that, the next strong resistance level is at $11,600. This level is highlighted by the one-week Fibonacci 61.8% retracement level.
Ethereum
- Open: $439.99
- Current Price: $395.80
ETH/USD also lacks healthy support levels on the downside.
On the upside, we have one strong resistance at $403, which has the one-week Fibonacci 23.6% retracement level and one-month Fibonacci 38.2% retracement level, among others.
Ripple
- Open: $0.2762
- Current Price: $0.259
XRP/USD has one healthy support at $0.256, which has the Previous Week low and weekly Pivot Point one support-one. On the upside, the first resistance level of note is at $0.265, which has the one-day Previous Low and one-week Fibonacci 23.6% retracement level.
Following that, we have a stack of strong resistance between $0.2785-$0.2815, which has the one-day Fibonacci 38.2%, one-week Fibonacci 61.8% and one-month Fibonacci 61.8% retracement levels.
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