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
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
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.
