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Top three coins price prediction: Bitcoin, Ethereum and Ripple bears aim to negate Tuesday's losses

  • ETH/USD has only one healthy support level on the downside, while XRP/USD has one only healthy resistance level.
  • BTC/USD has multiple strong resistance levels on the upside to prevent upward movement.

Top three coins daily confluence detector

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Bitcoin

  • Current Price: $6,571.25 
  • High: $6,768.56 
  • Low: $6,547.08

BTC/USD faces multiple strong resistance levels on the upside at $6,700-$6,750, $6,975 and $7,100. The $6,700-$6,750 stack has the SMA 5, SMA 10, 15-min and one-hour Bollinger Bands, one-day Fibonacci 38.2% retracement level, 15-min Previous High and 4-hour Previous Low. $6,975 has the Previous Week high and one-day Pivot Point resistance-one, while $7,100 has the one-month Pivot Point support-two.

On the downside, there is only one healthy support level at $6,350, which has the SMA 5, SMA 100 and 4-hour Bollinger Band.

Ethereum

  • Current Price: $136 
  • High: $141.93 
  • Low: $135.32

ETH/USD doesn’t have any strong resistance level on the upside. On the downside, there is only one support level of note at $133.50, which has the SMA 5, SMA 50, SMA 200, one-day Pivot Point support-one, one-day Previous Low and one-week Fibonacci 38.2% retracement level.

Ripple 

  • Current Price: $0.1603 
  • High: $0.1640 
  • Low: $0.1600

XRP/USD has no healthy support levels on the downside. However, on the upside, it has one resistance level of note at $0.177, which has the Previous Week high and Previous Year low.
 

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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