Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Cryptos ready for a bullish takeoff as Facebook is reportedly ready to launch Libra – Confluence Detector

Cryptocurrencies have been showing resilience in the face of several bearish attacks and seem ready to rise.
Facebook is reportedly about to launch its crypto project, drawing attention to digital coins.
Here are the levels to watch according to the Confluence Detector.
Bitcoin has dipped to the lower ground only to recover afterward. Ehtereum and Ripple followed the same path. Cryptocurrency bears have been trying to push prices lower in recent days but these attempts have all ended with prices bouncing back up. When a financial instrument fails to fall, it may eventually realize that the path of least resistance is to the upside. And that is what the charts are showing us.

Perhaps Facebook's upcoming launch of its highly-anticipated crypto project will serve as the trigger. According to reports, the social media behemoth is about to launch a stablecoin that will be integrated as a payment tool across its messaging platforms: WhatsApp, Instagram, and Messenger. Facebook may open the blockchain validation process to third parties, making it decentralized.

If Facebook announced its crypto project – rumored to be named Libra – it could draw regulatory attention also to other cryptocurrencies and may help bring mainstream investors into the crypto-sphere.

And while we await Mark Zuckerberg and his colleagues, price action may improve.