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- Cryptocurrencies extend the crisis, gradually.
- Bitcoin has strong support, but below $ 3000, while Ehtereum and Ripple have protections.
- Here are the levels to be observed according to Confluence Detector, our proprietary tool
Digital coins are out of the negative spotlight, but that does not mean they do not suffer new falls. All the first three, Bitcoin, Ethereum and Ripple are above the lows of the cycle, but they are not so far.
The delay of a decision on a Bitcoin ETF by the SEC still weighs, despite the institutional intent to launch cryptocurrency initiatives soon. The words of Nouriel Roubini, in art "Dr. Doom", still echo in the crypto-sphere. The famous alarmist said that the digital currencies issued by governments would make decentralized initiatives "obsolete".
The theory in which the whales will begin to accumulate coins soon has not yet been proven. The dumping continues. However, some suspect that that accumulation will begin after a last painful ruin.
BTC / USD support for only $ 2,976
Bitcoin is currently mired around $3,330, where we see a dense group of lines, even if not so powerful. The list includes the Bollinger 15min-Lower band, the BB 1h-Lower, the Simple Moving average 5-15m, the SMA 10-15m and the SMA 5-1h among others.
The weak support waits for $3,217 where we see the BB one-day Lower, the Pivot Point one-day Support 2 and last week's low.
However, the most significant support line is less than $ 3,000, to $2,974 which is the minimum of last year and the Pivot Point 1 month of support 1, two powerful lines.
Looking up, the resistance waits for around $3,460 where we see 38.2% of Fibonacci one day, the SMA 200-15m, the SMA 50-1h and the Fibonacci 23.6% per week. Higher, $3,617 it is the meeting point of the SMA 50-4h and the Fibonacci of 38.2% a week.
ETH / USD resistance at $ 92
The cryptographic coin of Vitalik Buterin is stuck around $88 where we see SMA 10-15m, BB 15m-Middle, PP one-day S1 and the previous 1h high converges.
Significant resistance waits for $ninety two, which is the confluence of 38.2% of Fibonacci of a day, SMA 5-a-day, SMA 200-15m, SMA 50-1h, Fibonacci 23.6% per week, SMA 100-1h and BB 4h-Middle .
Support for ETH / USD waits for $85 which is the meeting point of the BB one-day Lower and the one-day PP S2.
$82.20 provides further support as it is the last week's minimum for Ether.
The XRP / USD is still limited by $ 0.3250
Ripple is also a bit stuck, around $.2980 where we see the convergence of the BB 1h-Lower, the BB 4h-Lower, the SMA 5-15m, the minimum yesterday and more.
Some resistance waits for XRP / USD to $.3070 which is the confluence of SMA 10-4h, SMA 5 a day, SMA 100-1h and BB 4h-Middle.
The maximum limit is $.3250 that is gaining strength. The confluence includes the SMA 200-1h, the last month's minimum, the SMA 50-4h, the Fibonacci 38.2% per week and the PP one day Resistance 2.
The noteworthy support is only for $.2700 where we see a month's support for the pivot point 1.
