TOP 3 price prediction Bitcoin, Ethereum, Ripple: No change of outlook over the weekend

• Bitcoin could fall to $7,520 as a prelude to another upward push.

• Ethereum has the opportunity to lead the next bullish segment.

• Ripple is compressing more and more, with volatility at its lowest.

The Crypto week has opened in an identical situation to the one we had on Friday. At least that is what it seems if we exclusively look at the price. In this kind of situations, the best thing we can do is to widen our sight and look for extra hints.

Bitcoin in the daily chart is trading between the SMA200 and the SMA100. The normal pattern would be to first look for the SMA100 support and then try the SMA200 breakout.

Ethereum has a lot of work to do, as the main moving averages are above the price. By the look of the ETH/BTC, there is a high chance that ETH/USD leads the next bullish leg.

Ripple is now trading with volatility at its lowest point since the days that preceded the huge spike of late 2017. Last July 15th, XRP/USD reached the same volatility low and its answer was a rise of almost a 10%.

 

BTC/USD 1 D

Above the current price, the big challenge for BTC/USD is to breach the SMA200 that is currently at $8,500. Being above this crucial moving average would be very important for the end of the year. Before BTC/USD can resolve this issue, it must first overcome a congested price resistance of $8,410.

Above the SMA200, the next resistance at $9,150 in what would be the prelude to the most important meeting for the price, with the roof of the channel that currently passes through the $9,500 level.

Below the current price, there are multiple supports for price congestion. Up to the target at $7,520, as we mentioned in the introduction, support levels follow each other starting at $8,000, continuing at $7,850 and anticipating the target at $7,740.

The daily MACD shows an exhaustion profile with the fast average pointing slightly bearish, towards the signal. The pattern is slightly downwards.

The Directional Movement Index shows the buyers maintaining an outstanding level, while sellers do not react and remain at low levels. The ADX, on the other hand, continues to rise and has breached the D+. In this case, the statistical pattern tells us that it is favorable to a loss of bullish momentum.

 

ETH/USD 1D

Above the current price, ETH/USD has all the work to do. First bullish target in the 50EMA, passing through the $485 level. Above this price, the next resistance level is at $525, as an intermediate step towards meeting the SMA100 at around $565. Above this price level, we find the trendline that has frustrated all attempts to escape the bullish trend since February, and that is currently located at $620. Overcoming this resistance would be very important for the second half of the year, although it would require confirmation from ETH/USD, surpassing the SMA200 which is currently at $658.

Below the current price, ETH/USD still has very little room for any maneuver. The uptrend line from the April lows through the $444 price level should be respected. Otherwise, a strongly bearish scenario would open up, which could bring Ethereum to its lowest level of the year.

The MACD shows a very flat profile and is located just below the 0 line that marks the balance in the indicator. The hesitancy is absolute, and the best position is to wait outside the asset until you clearly define your next steps.

The Directional Movement Index shows confirmation of what we saw on the MACD. Buyers and sellers tied at and below level 20, while the ADX sinks and reaches level 14 indicating no trend. It is time to wait and react to the ETH/USD's exit from the range.

XRP/USD 1D

Above the current price, Ripple is the one that has the most work to do. First of all, we have to overcome the $0.50 price level to get back inside the channel that rules the price since the end of April. To achieve this, it must breach the EMA50, which is currently at $0.497. If it breaks through resistances, the following targets are set at price levels of $0.55 first, and $0.585 later. A little above this level, at $0.60, it would find the SMA100. Above the price level of $0.709, XRP/USD would move upwards in the medium term.

Below the current price, XRP/USD has no margin if it wants to hold options higher. First support at the $0.44 price level with an extension to the limit at $0.428. Below this level, it would open a sharp bearish scenario with a target of $0.25.

The daily MACD maintains a slightly bullish profile, with signs of exhaustion. It is approaching the 0 line of the indicator, although it still has room to rise. The statistical pattern proposes bullish laterality with possible peaks of volatility.

The Directional Movement Index shows how sellers are in control and have not changed their level of advantage over buyers. Both remain below level 20, confirming the low volatility levels. The ADX is also continuing its downward trend.

 

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