- BTC / USD makes it easier for dry bulls to move.
- ETH / USD is more reluctant and hesitant between the two sides of the dry market.
- The XRP / USD has a strong strong increase potential but lacks the lead to increase.
Before I go to price analysis, I would like to share a few psychological states with you about what kind of mood the investor is in. This is a state where we all live. First, a few psychological status detection and then price analysis.
A new day in equilibrium is on its way to old Europe. In these days when we live, the feeling of getting closer to the disaster persists. Above all, there may be no longer anybody who cannot allocate themselves for a moment from the screens and who pay for the shares of others not to miss what they want.
Continuous observation of prices exposes us to emotional tension, keeps us at the limit, weakens our decision-making capacity and often leads to impulsive behavior at the worst. In such cases, the investor loses his vision and focuses his attention on a small atmosphere of fear and phobias until an unpleasant situation comes to an end.
It is not easy to train to manage such emotional traps correctly. Trade journals, Awareness, meditation for unstable situations, are widely accepted instruments. All of them are the methods that Trader Yoda must combine theory and practice with in solitude.
Thus, the figure of the mentor enters. This person is an experienced person who has a high empathy capacity and can understand the emotional state of the candidate at any time. It then provides the right tool for the investor to balance again and again until they integrate trading.
Isn't that how psychology is? Let's start our analysis.
ETH / BTC 240 Minute Graphic
ETH / BTC has found support at a price level of 0.0351, which indicates a price tightness support level. This level has experienced a little more than this level since last December, with the presence of one of the upward trend lines running the movement.
Above the current price, the critical level to be overcome is the price contraction resistance of 0.0381, followed by the next significant level of price congestion resistance point of 0.0415. On this point, the price increases in the crypto money market may be important.
Below the current price, this is the most important level to consider if you want to maintain the ascent option. Below the 0.0349 price level, the market will enter a consolidation zone that will raise doubts for weeks.
BTC / USD 240 Minute Graphic
BTC / USD is currently trading at a price level of $ 3,860. Earlier in the day, the exchange rate congestion broke the resistance point of $ 3,900, but this break was blocked immediately.
Above the current price, the first resistance level is a $ 3.900 level of price congestion resistance point, followed by the second resistance level of the price congestion resistance point of $ 4.050. The third resistance level is $ 4,190, which is the price resistance resistance point. If this level is exceeded, it indicates a critical level that will put the market back in ascension mode.
Below the current price, the initial support level for BTC / USD dry is just below the current price of $ 3,848 (SMA100). The second level of support is $ 3,816 (EMA50), while the third level of support is a critical level of $ 3,700 (jamming support and SMA200) if the BTC / USD exchange rate needs to follow a downward movement.
On the 4-hour chart, the MACD shows a very flat profile but resists the downward trend and continues to increase the chances of a new upward trend in the near future.
The DMI on the 4-hour chart shows an improvement over yesterday's situation. When the bulls try to position themselves above the ADX line again, the bears continue to stand again. The ADX line is, of course, a success indicator that will bring the price to relatively high values.
ETH / USD 240 Minutes Graphic
ETH / USD is currently trading at $ 136.50. The Ethereum moves are squeezed between the SMA100 level of $ 139.90 and the EMA50 level of $ 136.10 USD.
Above the current price, ETH / USD is at the initial resistance level of $ 140 Dollars, the SMA100 is at $ 139.90 and the price tightness resistance is $ 142.5. The second resistance level is $ 150.50, which is the price-resistance resistance point, and the third resistance level is the $ 161.5 Dollar, which is the point of resistance to price congestion.
Below the current price, the first line of support is just under the $ 136.1 (SMA100) price. The second level of support is the most important level for the ETH / USD dry and the price congestion support and the SMA 200 level at $ 130. If Ethereum loses this support, it will quickly fall to the third point of support, and the price cessation support point to $ 120.
The MACD on the 4-hour chart shows that the lines pass down. Compared with BTC / USD dry there is a small difference. However, it should be noted that this should be taken into consideration.
The DMI on the 4-hour chart also differs from Bitcoin. Here, the bears maintain strength and heal their positions in the last few hours. The bulls, on the other hand, push the bears into a downward orbit that brings the bears very close to the levels of the market's selling side.
XRP / USD 240 Minute Graphic
XRP / USD exchange is currently trading at $ 0.313. The XRP is located in a complex area between moving averages very close to each other.
Above the current price, the first resistance level, the price level of 0.317 Dollars (EMA50), the price level of 0.318 Dollars (SMA100) and the price jamming point that we see as a critical resistance zone, pass at the level of 0.317 Dollars. XRP / USD dry for the second resistance level price jamming resistance point is 0.3280 Dollars, the third resistance level price jamming resistance point is 0.3340 Dollars.
Under the current price, the first support level is $ 0.3110, which is support for price congestion, followed by the second support level for the XRP / USD dry.
The MACD on the four-hour chart shows a downward diagonal profile, but shows an upward trend in the short term. Both lines remain on the bull's side of the indicator.
The DMI on the 4-hour chart shows that the bears are slightly retreating today, with bulls remaining on the ADX, while backlinks to the bullish market can lead to a significant increase in price.
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