|

Top 3 Price Prediction Bitcoin, Ethereum and Ripple: BTC/USD and ETH/USD lack healthy support levels – Confluence Detector

Top 3 coins daily confluence detector

fxsoriginal

Bitcoin

  • Open: $9,239.79
  • Current Price: $9,171.55

BTC/USD lacks healthy support levels on the downside. On the upside, the bulls face an immediate resistance stack from $9,200-$9,250, which has the 15-min Previous Low, one-hour Previous Low, one-hour Previous High, 4-hour Previous High, one-week Fibonacci 38.2% retracement level, 15-min Bollinger Band upper curve, one-hour Bollinger Band middle curve, 15-min SMA 5, one-hour SMA 5, 4-hour SMA 5, 15-min SMA 10, 4-hour SMA 10, one-hour SMA 50, 15-min SMA 100 and 15-min SMA 200.

Another strong resistance level lies at $9,400, which has the 4-hour Bollinger Band middle curve, one-week 61.8% and one-month 38.2% Fibonacci retracement levels.

Ethereum

  • Open: $232.41
  • Current Price: $230.25

ETH/USD lacks healthy support levels on the downside. On the upside, ETH/USD has strong resistance at $232. This level has the 15-min Previous High, one-hour Previous HIgh, 15-min Bollinger Band upper curve, one-hour Bollinger Band middle curve, one-month Fibonacci 23.6% retracement level, one-week 61.8% Fibonacci retracement level, 15-min SMA 5 and 15-min SMA 100.

Ripple

  • Open: $0.1815
  • Current Price: $0.1832

XRP/USD has one strong resistance and support level at $0.191 and $0.1795, respectively. The former has the one-month Fibonacci 23.6% retracement level, one-day Pivot Point resistance-three and 4-hour SMA 100. The $0.1795 support level has the 4-hor Bollinger Band lower curve, Previous Month low and one-month Pivot Point support-one.
 

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
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

AAVE slips below $186 as bearish signals outweigh the SEC investigation closure

Aave (AAVE) price continues its decline, trading below $186 at the time of writing on Wednesday after a rejection at the key resistance zone. Derivatives positioning and momentum indicators suggest that bearish forces still dominate in the near term.

Hyperliquid stabilizes amid plans to burn assistance fund

Hyperliquid (HYPE) stabilizes above $26 at press time on Wednesday after three straight days of losses. Hyperliquid Foundation has started a validator vote to reduce supply by burning the assistance fund, which holds over 37 million HYPE tokens.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple extend correction as bearish momentum builds

Bitcoin, Ethereum, and Ripple remain under pressure as the broader market continues its corrective phase into midweek. The weak price action of these top three cryptocurrencies by market capitalization suggests a deeper correction.

Ethereum Price Forecast: Active addresses plunge to May levels amid resumption in US selling pressure

Ethereum (ETH) weekly active addresses have plunged sharply in December, declining from 440K to 324K, levels last visited in May. The decline in active addresses has also pushed down the number of transactions on the network to July lows.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.