Top 3 Price Prediction Bitcoin, Ripple, Ethereum: The leadership has changed but the bullish trend prevails – Confluence Detector

  • Bitcoin is consolidating its gains, Ripple has rallied, and Ethereum is now in charge.
  • The change of leadership does not alter the general uptrend for cryptocurrencies.
  • Here are the levels to watch according to the Confluence Detector.

The US Securities and Exchanges Commission delayed another decision on a Bitcoin ETF. Yet while this provided Bitcoin with an opportunity to consolidate its gains, Vitalik Buterin's brainchild is now in the lead while Ripple is getting used to trading above $0.40.

What are the next levels to watch? Cryptocurrencies are moving higher in general, but it is never a one-way street. 

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

BTC ETH XRP technical confluences May 15 2019

BTC/USD has significant support

Bitcoin is enjoying support at $7,980 where we see a dense cluster of lines: the Simple Moving Average 5-4h, the SMA 200-15m, the Bollinger Band 1h-Middle, the SMA 5-15m, the SMA 10-15m, the SMA 100-15m, and the SMA 10-45h.

The next substantial support awaits at $7,529 which is the convergence of the Pivot Point one-month R3, the SMA 100-1h, and the PP 1w-R3. 

BTC/USD faces initial resistance at $8,193 where we see a confluence of the BB 1h-Upper, the Fibonacci 23.6% one-day, and the previous 4h-high. 

The next line to watch is $8,359 where the previous daily high and the PP 1d-R1 meet.

ETH/USD faces resistance

Ethereum is trading just below the $236 juncture of lines which includes the previous 4h-high, the BB 15min-Upper, the PP 1m-R3, and the PP 1d-R2.

Further up, weak resistance awaits at $249 which is the Pivot Point one-day R3.

ETH/USD enjoys some support at $226 where the PP 1d-R1 meets the previous 4h-low. 

A more considerable cushion awaits at $211 which is the confluence of the SMA 50-1h, the SMA 200-15m, and the PP 1m-R2.

XRP/USD eyes $0.4670

Ripple is battling the $0.4240 region where we see the convergence of the PP 1m-R2 and the SMA 5-15m. 

The upside target is clear: $0.4670 which where we see the all-important Pivot Point one-month R3. 

XRP/USD enjoys some support awaits at $0.3977 where the Fibonacci 23.6% one-day meets the SMA 10-4h. 

The most substantial support line is at $0.3820 where the previous monthly high meets the Fibonacci 38.2% one-day.

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 & Analysis

Editors’ Picks

BTC/USD trapped under short-term trendline

Bitcoin (BTC) is changing hands at $9,750, mostly unchanged both on a day-to-day basis and since the beginning of the day. The first digital asset recovered from Monday's low of $9,469, however, an upside momentum faded away on approach to $9,800. 

More Bitcoin News

NEO/USD bullish following Binance Futures support

NEO is in the green on Monday during the European trading session. The bullish momentum is taking action after a couple of days of the bulls enduring battering from the bears.

More NEO News

ETH/USD tug of war at $270 intensifies as $280 beckons

Ethereum managed to stay above the support at $240 during the bearish Monday. Also contributing to the support was the long term ascending trendline. The recovery from the support has been steady enough to hit levels slightly above $270. 

More Ethereum News

Ripple Price Analysis: XRP/USD is bearish as long as it stays below $0.30

XRP/USD recovered to $0.2950 during early Asian hours only to retreat to $0.2850 by the time of writing. Despite the sell-off, the third-largest digital asset is still nearly 2% higher from this time on Monday and mostly unchanged since the beginning of the day. 

More Ripple News


Bitcoin Weekly Forecast: BTC bulls brace for jump to $11,000

Bitcoin (BTC) has been growing for three weeks in a row. The first cryptocurrency hit $10,504 on Thursday - the highest level of 2020.

Read the weekly forecast