- Bitcoin made a high for the day but resumes the bear trend
- Ripple rocketed back to 50 and 100 day moving average
- Ethereum broke first support at 1700/1650 to test support at the 100 day moving average
Bitcoin should resume the longer term bear trend now. Gains are likely to be limited with strong resistance at 20300/400. Further resistance at 20900/21000.
We dipped a little to 19600. Further losses are likely eventually and target 19500/450 then 19150/19000. Eventually a retest of the September low at 18550/500 is likely (and probably the 2022 low at 17588.
Ripple shot higher to 50 and 100 day moving averages at 3500/3600 and collapsed to my target of 3380/70. Further losses are expected now that the longer term bear trend has probably resumed, targeting 3280 (hit yesterday) and 3180/70, probably as far as last week's low at 3130/20. A break below here over the weekend is obviously the next sell signal targeting the 2022 low (so far!) at 2900/2870
First resistance at 3300/3320. Strong resistance again at 3430/80.
Ethereum tests support at the 100 day moving average at 1500/1450. This must hold, or we resume the longer term bear trend. A break below the August low at 1421 targets 1366/56 and 1250.
First resistance at 1540/80. Strong resistance at 1650/1700.