Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Rallying hard and technically supported to extend the bullish run - Confluence Detector

  • Cryptocurrencieshad a positive weekend after grinding lower beforehand.
  • Bitcoin and Ripple enjoy significant support while Ethereum is somewhat less supported.
  • Here are the levels to watch according to the Confluence Detector.

After cryptos received no love from technical levels on Valentine's Day, they enjoyed a better weekend, advancing nicely to higher ground. The upwards move is quite favorable for digital coins that have improved their technical standing. 

One of the positive stories came from Japan's giant Rakuten. The e-commerce behemoth appears to support cryptocurrencies in its new payment application. The Rakuten Pay application underwent a significant update and seemed to support cryptos according to an analysis of its new structure. 

What's next? The technical levels are promising.

This is what the Crypto Confluence Detector shows

Bitcoin Ethereum Ripple February 18 2019

BTC/USD is well supported and can think of topping $4,000

Bitcoin enjoys robust support centered around $3,620 where we see the convergence of the Simple Moving Average 10-4h, the Fibonacci 61.8% one-week, the SMA 501d, the SMA100-15m, the Fibonacci 38.2% one-day, and the Bollinger Band 1h-Middle. 

Further support awaits at $3,527 where we see the confluence of the SMA 100-4h, the Pivot Point one-month Support 1, the BB 1h-Lower, the BB 4h-Lower, the Fibonacci 23.6% one-month, and the SMA 200-4h. 

BTC/USD faces weak resistance at $3,905 where the Pivot Point one-month Resistance 1 awaits the pair. 

The high target is $4,123, the previous month's top.

ETH/USD may reach resistance soon

Ethereum is shooting higher but faces fierce resistance around $147.25, where it faces the meeting point of the PP 1m-R1 and the BB 15-minutes Upper. 

If it overcomes this line, the next substantial line is only at $163, where we see the previous monthly high.

Support awaits at around $140 which is the meeting point of the Fibonacci 61.8% one-month, the BB 4h-Upper, the SMA 50-15m, the PP 1d-R1, and the SMA 10-1h.

The next massive cushion is at $133 which is the meeting point of the BB 1d-Upper, the PP 1w-R2, and the Fibonacci 378.2% one-day.

XRP/USD has substantial support

Ripple has initial support at $0.3099 which is a cluster including the BB 1h-Middle, the Fibonacci 23.6% one-month, the previous daily high, the SMA 200-4h, the SMA 5-4h, the PP 1d-R1, and the BB 15 minutes Lower.

Further support awaits at $0.3050 where we see a minefield including the Fibonacci 38.2% one-week, the SMA 100-1h, the SMA 200-1h, the SMA 50-4h, the BB 4h-Middle, the Fibonacci 38.2% one-day, the SMA 200-15m, and the SMA 50-1h.

Resistance awaits at $0.3199 where we see the convergence of the PP 1d-R3, the PP 1w-R2, and the BB 1d-Upper. 

Closeby, the Fibonacci 161.8% one-week, and the Fibonacci 38.2% one-month converge at $0.3250 to form the next resistance line.

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.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

War for dominance hit the bedrock of the market

The cryptocurrency market reaches the end of the week with widespread declines in the crypto market. The week has been dominated by a boiling Altcoin segment that has set very significant rises.

More Bitcoin News

BCH/USD in retreat after gaining 7% in a matter of minutes

Bitcoin Cash (BCH) is still in a red zone on a day-to-day basis; however, the coin recovered strongly from the intraday low of $232.60 and hit $240.00 in a matter of minutes. At the time of writing, BCH/USD is changing hands at $237.00.

More Bitcoin Cash News

ADA/USD extends the decline, $0.1000 at risk

Cardano (ADA) extended the decline and hit $0.1102 on Friday. The coin has lost 20% from the peak of $0.1386 reached on July 8. At the time of writing, ADA/USD is changing hands at $0.1120, down 9% in the recent 24 hours.

More Cardano News

ETH/USD volatility ousted as DeFi skyrockets to $2 billion

Ethereum alongside the largest cryptocurrency, Bitcoin are dealing with a peculiar situation characterized by low trading volume, poor investor interest as well as the lack of catalysts.

More Ethereum News


Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast