- BTC/USD bulls will need to overcome resistance at $6,200 to break above the $6,500 and $7,000 levels potentially.
- XRP/USD is sandwiched between multiple strong support and resistance levels, making price movement limited.
Top Three Coins Daily Confluence Detector
Bitcoin
- Current Price: $6,157.65
- Open: $6,184.97
- High: $6,286.56
- Low: $6,063.00
Strong resistance lies at $6,200, which has the one-day Fibonacci 23.6% retracement level, 4-hour Previous Low, SMA 5 and SMA 50. On the downside, healthy support levels lie at $5,770 and $5,500. $5,770 has the one-month Pivot Point support-three, while $5,500 has the SMA 5 and one-day Pivot Point support-one.
Ethereum
- Current Price: $135.50
- Open: $136.67
- High: $140.18
- Low: $133.99
The Ethereum daily confluence detector shows one strong resistance and support level. The resistance lies at $138, which has the SMA 10, 15-min Previous High and one-day Fibonacci 23.6% retracement level. The support level is at $119 and has the SMA 100 and one-month Pivot Point support-two.
Ripple
- Current Price: $0.163
- Open: $0.1650
- High: $0.1670
- Low: $0.1604
The Ripple daily confluence detector has multiple strong support and resistance levels. Looking at the resistance levels, we have three of those at $0.176, $0.174 and $0.171. $0.176 has the Previous Year Low and $0.174 has the 4-hour and one-day Previous High. There are no confluences detected at $0.171.
On the downside, there are three healthy support levels at $0.162, $0.161 and $0.152. $0.162 has the SMA 10, one-day Fibonacci 38.2% retracement level and 15-min Previous Low, while $0.161 has the one-week Fibonacci retracement level and one-hour Previous Low. Finally, $0.152 has the SMA 5, SMA 10, SMA 50 and SMA 200.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Crypto traders brace for short-term volatility with $2.4 billion options expiry on Friday
Bitcoin and Ethereum options market looks bullish on Friday, according to data from intelligence tracker Greeks.live. The firm said it has identified two Bitcoin calls that show an underlying bullish sentiment among market participants.
XRP recovers from week-long decline following Ripple’s response to SEC motion
Ripple filed a letter to the court to support its April 22 motion to strike new expert materials. The legal clash concerns whether SEC accountant Andrea Fox's testimony should be treated as a summary or expert witness.
Lido adds 4% gains as protocol rolls out first step towards decentralization
Lido takes the first batch of simple DVT validators to live, a step taken to decentralize the protocol. Lido leveraged technology to expand the protocol to multiple node operators, inviting both solo and community stakers.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Bitcoin: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.