|

Top 3 Price Prediction Bitcoin, Ethereum and Ripple: BTC/USD and ETH/USD lack healthy support levels – Confluence Detector

Top 3 coins daily confluence detector

fxsoriginal

Bitcoin

  • Open: $9,239.79
  • Current Price: $9,171.55

BTC/USD lacks healthy support levels on the downside. On the upside, the bulls face an immediate resistance stack from $9,200-$9,250, which has the 15-min Previous Low, one-hour Previous Low, one-hour Previous High, 4-hour Previous High, one-week Fibonacci 38.2% retracement level, 15-min Bollinger Band upper curve, one-hour Bollinger Band middle curve, 15-min SMA 5, one-hour SMA 5, 4-hour SMA 5, 15-min SMA 10, 4-hour SMA 10, one-hour SMA 50, 15-min SMA 100 and 15-min SMA 200.

Another strong resistance level lies at $9,400, which has the 4-hour Bollinger Band middle curve, one-week 61.8% and one-month 38.2% Fibonacci retracement levels.

Ethereum

  • Open: $232.41
  • Current Price: $230.25

ETH/USD lacks healthy support levels on the downside. On the upside, ETH/USD has strong resistance at $232. This level has the 15-min Previous High, one-hour Previous HIgh, 15-min Bollinger Band upper curve, one-hour Bollinger Band middle curve, one-month Fibonacci 23.6% retracement level, one-week 61.8% Fibonacci retracement level, 15-min SMA 5 and 15-min SMA 100.

Ripple

  • Open: $0.1815
  • Current Price: $0.1832

XRP/USD has one strong resistance and support level at $0.191 and $0.1795, respectively. The former has the one-month Fibonacci 23.6% retracement level, one-day Pivot Point resistance-three and 4-hour SMA 100. The $0.1795 support level has the 4-hor Bollinger Band lower curve, Previous Month low and one-month Pivot Point support-one.
 

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

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades. 

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.