Bitcoin, Ethereum, and Ripple prices are showing mixed signals. Bitcoin is testing its key support level, Ethereum is correcting, and Ripple is trapped in a symmetrical triangle.
Bitcoin price retests its 38.2% Fibonacci retracement level of $92,493; a firm close below it could continue its ongoing correction. Ethereum price closed below its 50% retracement level of $3,236, suggesting the continuation of the pullback. Ripple price could rally if it breaks above the upper symmetrical triangle boundary. Bitcoin (BTC) retests its key support level of $92,493; a firm close below it could extend the decline to test the psychological level of $90,000.
Ethereum (ETH) price declined 12.70% and closed below its 50% price retracement level of $3,236 on Thursday. If ETH continues its correction, it could extend the decline to test its psychological importance level of $3,000. Ripple (XRP) price trades inside a symmetrical triangle, a technical pattern formed by connecting multiple highs and lows with two converging trendlines. This technical pattern has a bullish bias, and the target is generally obtained by measuring the distance between the first swing high and the first swing low to the breakout point. On Tuesday, XRP faced rejection from the upper trendline of the symmetrical triangle and declined by 6.11% until Thursday
BITCOIN ETHEREUM RIPPLE CRYPTOCURRENCY PRICE ANALYSIS TECHNICAL INDICATORS
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