Top 3 Coins Price Prediction: Ripple and Ethereum shows lack of healthy support while Bitcoin faces strong resistance on path back to $7,000 – Confluence Detector
Top 3 coins daily confluence detector
Bitcoin
- Open: $6,906.90
- Current: $6,827.20
BTC/USD faces two strong resistance levels on the upside at $7,000 and $7,225. $7,000 has the one-week Fibonacci 61.8% retracement level, while $7,225 has the one-week Fibonacci 38.2% retracement level and the one-month Fibonacci 61.8% retracement level.
On the downside, there are two healthy support levels at $6,800 and $6,225. The former has the 15-min Bollinger Band middle curve, one-day Bollinger Band middle curve, one-hour Previous Low, one-day Previous Low, one-hour SMA 5, 15-min SMA 100 and 4-hour SMA 100. On the other hand, $6,225 has the one-week Fibonacci 161.8% retracement level and one-week Pivot Point support-two.
Ethereum
- Open: $158.81
- Current: $156.38
ETH/USD has no healthy support levels on the downside. On the upside, there is one strong resistance level at $160, which has the one-day SMA 10 and one-hour SMA 100.
Ripple
- Open: $0.1896
- Current: $0.1873
XRP/USD also doesn’t have any healthy support levels on the downside. It does have a single resistance level of note at $0.1907, which has the one-day Fibonacci 61.8% retracement level.
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.
