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Top Three Coins Price Prediction: Bitcoin bears take control while Ethereum and Ripple still remains in the green

Top Three Coins Confluence Detector

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Bitcoin

BTC/USD has dropped from $6,423 to $6,360. There is a lack of healthy support levels, so further price drops can be expected. On the upside, there are two strong resistance levels at $6,475 and $6,500. 

$6,475 has the 4-hour SMA 5, 15-min and 4-hour SMA 50, 15-min SMA 100, one-hour SMA 200 and one-hour Bollinger Band middle curve. $6,500 has the 4-hour Previous High, one-day Pivot Point resistance-one and 15-min Bollinger Band upper curve.

Ethereum

ETH/USD has gone up slightly from $133.10 to $133.18. The bulls must overcome resistance at $134, which has the 15-min and 4-hour Previous Lows, 15-min, one-hour and 4-hour SMA 5, 4-hour and one-day SMA 10 and 15-min and one-hour Bollinger Band middle curves. 

On the downside, two healthy support levels lie at $131 and $128.50. The former has the one-day Previous Low, one-day Pivot Point support-one, one-day SMA 5 and 4-hour Bollinger Band middle curve. The latter has the 4-hour SMA 100, one-week Fibonacci 38.2% retracement level, one-day Pivot Point support-two and one-day Bollinger Band middle curve.

Ripple

XRP/USD has also gone up from $0.1738 to $0.174. On the upside, it faces one strong resistance at $0.178, which has the one-week Fibonacci 23.6% retracement level. On the downside, there is one healthy support level at $0.168 and it has the one-day SMA 10, 4-hour SMA 5 and one-day Pivot Point support-two. 


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
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