Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Cryptos need to break above these levels to resume the bullish rally – Confluence Detector


  • Cryptocurrencies continue their consolidation on higher ground.
  • All top three digital coins have clear barriers to cross in order to resume the rally.
  • Here are the levels to watch according to the Confluence Detector.

Digital currencies have returned to limited range trading after the leap, and are looking for a new direction. As the weekend approaches, the next moves depend on breaking the next resistance lines.

This is what the Crypto Confluence Detector shows in its latest update:

Bitcoin Ethereum Ripple technical confluence April 12 2019

BTC/USD must cross 

Bitcoin faces a plethora of resistance lines at $5,120 where we see the previous 1h-high, the Bollinger Band 1h-Upper, the Simple Moving Average 10-4h, the Fibonacci 38.2% one-day, the BB 15min-Upper, the SMA 50-4h, and the SMA 200-1h.

If it breaks higher, the immediate target is $5,358 which is the meeting point of the previous daily high and the previous weekly high. Further up, $5,595 os the convergence of the Fibonacci 161.8% one-day and the Pivot Point one-week R1. 

BTC/USD enjoys support at $5,056 where the Fibonacci 23.6% one-week, the SMA 10-1h, the SMA 5-4h, the previous 1h-low, the Fibonacci 23.6% one-day, and the BB 15min-Middle all converge.

Further down, $4,725 is the confluence of the PP one-month R3, the SMA 100-4h, and the PP one-day S2.

ETH/USD needs to convincingly conquer $165.50

Ethereum is struggling around $165.50 where a dense cluster awaits Vitalik Buterin's brainchild. This includes the Fibonacci 23.6% one-day, the BB 1h-Middle, the Fibonacci 38.2% one-week, the SMA 10-1h, the previous 1h-low, the SMA 5-4h, the BB 15min-Middle, and more. 

The upside target is $175 which is the convergence of the SMA 100-1h, the PP 1m-R3, and the PP 1d-R1.

ETH/USD has support at $161 which is the confluence of the previous daily low and the PP 1m-R2.

Further support is at $151 where the PP one-day S2 meets the PP one-month R1. 

XRP/USD has a clear barrier at $0.3315

Ripple remains weaker and must surpass $0.3315 to move up. This is the juncture of the BB1d-Middle, the Fibonacci 23.6% one-day, the PP one-month R1, and the previous 4h-high. 

It can then run to $0.3534 where two Fibonacci lines converge: the 161.8% one-month and the 38.2% one-week.

Support is at $0.3227 where the BB 15min-Lower, the SMA 50-1d, the PP 1w-S1, and the SMA 100-1d all meet.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

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