|

Top 3 Coins Price Prediction Bitcoin, Ethereum and Ripple: BTC and ETH hampered by immediate resistance – Confluence Detector

Top 3 coins daily confluence detector

fxsoriginal

Bitcoin

  • Open: $12,303.29
  • Current Price: $12,065.45

BTC/USD has one strong resistance and support level at $12,260 and $11,550, respectively. The former has the one-month Pivot Point resistance-one and one-day Fibonacci 38.2% retracement level. The $11,550 level is highlighted by the one-week Fibonacci 61.8% retracement level, one-day Pivot Point support-two and Previous Month high.

Ethereum

  • Open: $431.32
  • Current Price: $426.70

ETH/USD has only one level of note, which is the $435 resistance level. The one-month Pivot Point resistance-two highlights it.

Ripple

  • Open: $0.3157
  • Current Price: $0.3057

XRP/USD has a plethora of strong resistance and support levels. There are two strong resistance levels at $0.3185 and $0.3215. The former has the one-day Fibonacci 38.2% retracement level and one-week Pivot Point resistance-one. The $0.3215 level is highlighted by the monthly Pivot Point one resistance-two. 

Now, let's look at the support levels. Firstly, $0.294 has the one-week Fibonacci 38.2% retracement level. Up next, we have the $0.29-level, which has the one-month Pivot Point resistance-one and one-day Bollinger Band middle curve. Finally, the $0.27-level has the daily Pivot Point one support-three and Previous Week low.


 

Author

Rajarshi Mitra

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.

More from Rajarshi Mitra
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Dogecoin Price Forecast: DOGE breaks key support amid declining investor confidence

Dogecoin (DOGE) trades in the red on Thursday, following a 4% decline on the previous day. The DOGE supply in profit declines as large wallet investors trim their portfolios. Derivatives data shows a surge in bearish positions amid declining retail interest.

Cardano Price Forecast: ADA dips below $0.37, hitting two-month low as bearish momentum builds

Cardano (ADA) price trades in the red, slipping below $0.37 on Thursday after correcting more than 7% so far this week. The ongoing pullback could deepen further as ADA’s social dominance declines and dormant wallet activity rises, suggesting bearish sentiment among traders.

Top Crypto Losers: Pump.fun, SPX6900, Bittensor slide further with double-digit losses

Pump.fun (PUMP), SPX6900 (SPX), and Bittensor (TAO) are leading the losses in the cryptocurrency market over the last 24 hours amid total liquidations of over $500 million. The retail segment alleges institutional manipulation amid an early-morning Bitcoin sell-off routine in the US market.

Bitcoin, Ethereum whipsaw sparks heavy liquidations amid accusations of market manipulation

The crypto market whipsawed on Wednesday as top cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), quickly reversed gains from the early American session.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.