Top three coins price prediction: Bitcoin, Ethereum and Ripple go through bearish correction – Confluence Detector
Top three coins confluence detector
Bitcoin
Current Price: $6,160
BTC/USD daily confluence detector shows a lack of healthy support levels on the downside, so further price drop is expected. On the upside, there are three strong resistance levels at $6,215, $6,500 and $6,715. $6,215 has the one-hour and one-day Bollinger Bands and SMA 10. $6,500 has the one-day and one-week Fibonacci 38.2% retracement levels, while $6,715 has the SMA 10, SMA 50, SMA 100, SMA 200 and one-week Fibonacci 23.6% retracement level.
Key Levels
Ethereum
Current Price: $127.70
Quite like BTC/USD, ETH/USD also has a lack of support levels on the downside, holding the price up. On the upside, there are two strong resistance levels at $134.50 and $143. The former has the SMA 10, SMA 50, SMA 200 and one-day Fibonacci 38.2% retracement level, while the latter has the one-day Previous High, one-day Bollinger Band and one-week Pivot Point resistance-one.
Key Levels
Ripple
Current Price: $0.168
Unlike Bitcoin and Ethereum, Ripple actually has healthy support levels on the downside at $0.1675 and $0.162. $0.1675 has the SMA 5, 4-hour and one-day Bollinger Bands, while $0.162 has the one-week Fibonacci 61.8% retracement levels, SMA 10 and SMA 50. On the upside, XRP/USD has strong resistance at $0.1765, which has the one-hour Bollinger Band, Previous Year low and SMA 100.
Key Levels
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.
