• The three big are looking as a way to consolidate critical levels if they want to continue the upward movement
these levels of confluence below have a way of maintaining the stress of a short-term development
BTC/USD 1D
The BTC/USD is trading around the $6,575 level, where important short-term levels converge, where the Fibo 38.2% from yesterday's rally, the 4H high, the 1-hour low and has up to 10 different technical indicators.
There are no significant confluence until the $6,410 level, where the one-month S1(PP) level meets the low band of the Bollinger Bands.
Above, the first major confluence level is at $7,000, where the May lows and the SMA200 at one hour coincide. Already at $7,400, a new significant confluence level where last week's lows and the S1(PP) at one week
The ETH/USD which moves slightly above $495, just below the strong confluence level of $500. The nine signs influence this price level, including the May low, the Fibo 38.2 of yesterday's rally and the SMA100 in its last 15 minutes.
At the bottom, low confluence at $487, with only two technical indicators, and 10% lower at $440, a second, more important confluence level as it includes the first support for the monthly Pivot Points calculation.
XRP/USD 1D
It is slowly below $0.55, but above a significant confluence level where the May minimum, the hourly minimum, and the 4-hour maximum coincide. The next 5 cents are quite congested by indicators such as Fibo 38.2% of yesterday's rise or multiple moving averages in periods of less than the hour.
Above, at $0.64, another strong confluence zone with Fibo 23.6% in the monthly chart, the first support (S1) of the weekly Pivot Point calculation and the SMA200 at 4H.
In addition to the current support level, the first 5 cents is the S1 on a daily basis, the Bollinger low band on a regular basis and other less critical technical indicators.
It is not until the $0.46 level that we find a vital confluence with the S1 in the monthly Pivot Point calculation or the S3 in the daily Pivot Point calculation of the same