Cryptocurrency: Bitcoin, Ethereum and Ripple Ready to Rally

The positive technical picture indicates that major support is near for all top three digital currencies hence triggering them to soar high. In this case, Ethereum (ETH) has the superlative potential, Bitcoin (BTC) is upbeat, while Ripple (XRP) seems to take its time. The U.S. Securities and Exchange Commission (SEC) will have to begin quickly a fresh consultation period for Van Eck, SolidX, Cboe and Bitcoin exchange-traded fund (ETF).

The weak resistance is currently at $3,981, a confluence of the PP 1d-R1. Ethereum is currently standing above a support line at $147.46 with the Fibonacci at more than 24% 1-day. The weak resistance is at $150, which is PP 1d-R1.

Ripple has room to plunge up when it meets the significant support line at $0.327 – a confluence of Fibonacci 161% 1-week. The Cryptocurrency Confluence Detector indicates that: At press time, bullish cryptocurrencies such as EOS are trading at $3.75 , Litecoin at $49.23, Stella r is sitting at $0.088, IOTA is at $0.305, Dash is at $86.03 and Maker is changing hands at $645.77 – according to coinmarketcap data . Generally, the overview indicates a buoyant and positive picture for cryptocurrencies and a boom in the market.

Timeline of Bitcoin, Ethereum, Ripple, Eos, Litecoin, Iota, Dash, Maker