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