Top 3 Price Predictions Bitcoin, Ethereum, Ripple: The good, the bad, and the very ugly - Confluence Detector

• Bitcoin extended its falls but is well-supported. We can label it as "the good."

• Ethereum is in deeper trouble with every fall. It is the "the bad" one. 

• Ripple, usually the weakest, bounced back, but it may have run out of fuel. It is "the ugly."

BTC/USD 1D

Bitcoin had a good run to the upside but shed a significant chunk of its gains. Nevertheless, in the grander scheme of things, the move is still a correction. The technical picture shows it is well supported. 

The BTC/USD has significant support at $7,572 which is the convergence of the Fibonacci 38.2% one-month, the Simple Moving Average 10-one hour, the SMA 50-15m, the SMA 10-15m, the Bolinger Band 15m-Middle, the SMA 5-1h, and the SMA 5-15m.

Further down, Bitcoin has substantial support at $7,525 which is the confluence of the BB 4h-Lower, the BB 15m-Lower, the Pivot Point one-day Support 1, and the 4h-low.  And this level is followed by a considerable cushion at $7,430 which is the meeting point of the BB 1h-Lower and the BB one-day Middle. 

On the topside, there are no unique confluences for the cryptocurrency until $7,774 which is the meeting point of the potent Fibonacci 23.6% one-day and the Fibonacci 61.8% one week. Higher, $7,845 is the convergence of the Fibonacci 38.2% one-day and the SMA 10-4h.

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ETH/USD 1D

The second digital coin regarding market capitalization extended its falls. Etherum has one significant support line which it is battling with around $422. This is the convergence of the Bolinger Band 15m-Lower, the 4h-Lower, the Pivot Point one-day Support 1, the Simple Moving Average 50-15m, the SMA 10-1h, the 1h-Low, and the Fibonacci 161.8% one-week.

Close by; we find $418 as the meeting point between the Bolinger Band 4h-Lower and last month's low. It is not as robust as the previous line. Further down, $411 is the convergence of the Pivot Point one-day Support 2, and the Pivot Point one-week Support 3.

Beyond that line, things get back for the ETH/USD. The next lines of support are feeble, and an avalanche below $400 will be hard to prevent.

Resistance is close, around $429 with the confluence of the one-day Low and the Pivot Point one-week Support 2. Dense congestion awaits Ethereum at $440 with the Bolinger Band 1h-Upper, the Fibonacci 38.2% one-day, the SMA 50-1h, and the SMA 15m. 

$450 is another barrier with the convergence of the Bolinger Band 4h-Middle, the Pivot Point one-week Support 1, and the PP one-day Resistance 1. It does not get easier further up, with the Pivot Point one-day Resistance 2, and the SMA 50-one-day. 

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XRP/USD 1D

Ripple is the ugly one in the bunch. Yes, despite the recovery. The XRP/USD faces initial resistance at $0.4545 which is the meeting point of the Bolinger Band 1h-upper and the Pivot Point one-day. There are a few additional lines of resistance on the way up. 

The hard ceiling awaits at the area between $0.4616 and $0.4630. This area is the congestion of the potent Fibonacci 38.2% one-month, the 4h-high, the Fibonacci 23.6% one-week, the Simple Moving Average 200-4h, and the Bolinger Band 4h-Upper. 

And what has trouble going up may quickly return to the downside. And support is weak.

$0.4480 is the meeting point of the one-hour low and the Fibonacci 23.6% one-month. Further down, $0.4400 is a round number and also the confluence of the Pivot Point one week Support 1, the SMA 50-15m, and the SMA 200-15m. 

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More: 5 most predictable cryptocurrencies

 

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