Cryptocurrency prices in recent days have not changed much. The graphs show that the top 3 cryptocurrency cling to dense clusters of technical levels, acting as "magnets".
Here is what Crypto Confluence Detector shows in its latest update:
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BTC / USD
Bitcoin is trading at about $ 3,891, which is an important technical level. It includes a simple moving average of 10-15-min, a 15-min-Middle Bollinger band, SMA 5-1h, one-day support point 1, SMA 5-15-min, SMA 5-1d, Fibonacci 23.6% 1d , BB 15min-MUpper, SMA 100-1h, Fibonacci 38.2% 1d, SMA 10-1h, BB 4h-Middle, Fibonacci 23.6% 1-week, BB 1h-Lower, Fibonacci 38.2% 1-month and the minimum of the previous day.
If a BTC / USD it will rise higher, it will still have to overcome resistance up to $ 4,000, but from there it will have a clear path to $ 4,185, where the PP meeting point for one month is R1, PP 1w-R3, and last year's maximum.
The same goes for the way down, where support lines take time to clear, until a new target appears at $ 3,666, where we see the SMA 50-1d and the Fibonacci monthly convergence 61.8%.
ETH / USD
Ethereum is trading at $ 133.27. ETH / USD regards $ 142 as an increase target, where the previous weekly maximum converges, the monthly Fibonacci level of 38.2% and the weekly resistance of Pivot Point 1.
If the price goes down, then a very important level is $ 125, since there are BB 1d-Lower, PP 1-month S1 and at least last week.
XRP / USD
Ripple has clearer support and resistance lines in the immediate vicinity. Now XRP is trading at $ 0.3098.
Support is expected at $ 0.3095, which is a Fibonacci merge of 38.2% 1-week, low BB 4h, low BB 15min, PP 1d-S1, previous daily minimum, 61.8% Fibonacci and SMA 200-4h .
The maximum goal is $ 0.3502, which is the meeting point of the previous monthly maximum and PP 1m-R1.
The lower target is $ 0.2880, which is the convergence of PP 1w-S2, the low of the previous month and PP 1m-S1.
What do you think about the situation in the cryptocurrency market?
