Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Bitcoin looks away from the "death zone"

In the common language among climbers who dare to climb peaks above eight thousand meters in height, the part of the route that is above that level is called the "Zone of Death".

"The death zone is the name used by mountain climbers for high altitude where there is not enough available oxygen for humans to breathe. This is usually above 8,000 meters (26,247 feet). Most of the 200+ climbers who have died on Mount Everest have died in the death zone."

According to these experts, to survive that experience 90% of success is based on mental strength and the ability to make the right decisions.

Well, right now Bitcoin is very close to its "Zone of Death". A weekly close below $3,190 would trigger an emergency scenario because of the extreme need to regain that level in the subsequent 7-day period. A failure in that arena would be fatal for Bitcoin.

The positive side of the current situation is that whoever maintains mental strength and knows how to make the right decisions can emerge victorious from the mountain and above all, alive.

Do you want to know more about my technical setup?

BTC/USD  240-Minutes

The BTC/USD is quoted at the $3.374 price level. It has been slightly bullish since the opening of the Asian session. This tone pushes up indicators that have been looking for days for any bullish excuse to reduce the extreme oversold levels.

It is not necessarily a point of inflection or a long-term change. It is premature at this time to think in that direction.

Above the current price, the first resistance is at $3.542 (Exponential Moving Average of 50 periods), followed immediately by the second resistance at $3.767 (Simple Moving Average of 100 periods) and by the third resistance at $3.927 (resistance due to price congestion). The short-term objective is at the SMA200 level of $4,548.

Below the current price, the first support level is at $3,265 (price congestion support). The second support level is within the "death zone" at $2,879 (price congestion support). The third level of support is at $2,530 (price congestion support) which would certify a " freeze-down " scenario for an extended period.

The MACD at 240 Minutes shows a slight bullish opening. It also gains inclination on the positive side. Any progress in that direction can find enough resistance to advance.

The 240 Minute DMI shows us how the Bulls react to the rise from the first hour of the day while the Bears retreat slightly. Both sides of the market will cross later today.
 

XRP/USD 240-Minutes

XRP/USD is currently trading at the $0.304 price level. The cross between the XRP against the BTC and the ETH has been improving since yesterday and this is showing in its price. In this 4H range, it is, among the members of the Top3 club, the one that is the closest to bullishness.

Above the current price, the first resistance is at $0.31 (price congestion resistance and EMA50). The second resistance is at $0.34 (price congestion resistance and SMA100). The third resistance level is at $0.37 (price congestion resistance).

Below the current price, the first support level is $0.296 (price congestion support). The second support level is $0.27 (price congestion support). The third level of support, at annual lows, is at the price level of $0.258 (price congestion support).
 

The MACD at 240 Minutes shows a profile inclined to rise and with an increase of the opening between lines. The area is complex and full of obstacles so volatility can increase exponentially.

The 240 Minute DMI shows Bulls and Bears are tied at indicator level 20. Bears have a bearish trajectory while Bulls have a bullish path. Both sides of the market are above the ADX. This structure also favors increased volatility.

ETH/USD 240-Minutes

ETH/USD is currently trading at the $89.70 price level. During the previous sessions, Ethereum had lost its strength against Bitcoin and Ripple. Structurally, it is the one of the three mentioned that has the closest moving averages. This situation, which may delay the beginning of a possible upward movement, can be very beneficial if the moves consolidate.

Above the current price, the first resistance is at the price level of $93.84 (EMA50 and price congestion resistance). The second resistance level is at $104 (SMA100). The third resistance is at $125 (price congestion resistance).

Below the current price, the first support level is at $80 (price congestion support). The second level of support is at $69.8 (price congestion support) would set new annual lows and entirely put Ethereum in its own "Dead Zone." Third level support at $53.3 (price congestion support).
 

The MACD at 240 Minutes does not show as much inclination or separation between lines as we see in the BTC/USD and the XRP/USD. The technical detail is there, but without the clarity of today's other analyses.

The DMI at 240 Minutes does show a development similar to that of the XRP/USD. There is an absolute tie between the bulls and the bears. Both move at a distance from the ADX which favors an increase in volatility.

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