Ethereum Holding Above $1500 Is A Buy Signal

Published 07/20/2022, 04:06 AM
Updated 07/09/2023, 06:31 AM

Bitcoin beat strong 200 week moving average resistance at $22500/$22600 so at last we have a buy signal.

Ripple making a break above 1 month trend line resistance at $3500 for a buy signal (I have not written that for a long time) targeting $3580 and even as far as $3850/$3900. I would not rule out $4300/4400 in fact.

Ethereum holding above $1500 is a buy signal!

Bitcoin 4-Hours Chart

Bitcoin beats strong 200 week moving average resistance at $22500/$22600 for a buy signal initially targeting 24600/700. We should struggle to beat this level, but I think shorts could be risky now. A break above $24750 signals gains as far as $26300.

Obviously bulls must hold prices above $23000/$22500.

Ripple through 1 month trend line resistance at $3500 for a buy signal targeting $3850/$3900, $4000 and even as far as strong resistance at $4300/$4400.

Support at $3450/$3350 if we fall this far.

Ripple 4-Hours Chart

Ethereum beat strong resistance at $1250/$1300 for a short term buy signal targeting $1400 and probably resistance at $1500/$1550. Targets hit as we reach $1632. Further gains are possible to $1690/$1700, perhaps as far as $1800/$1850.

First support at $1500/$1460. A break lower targets $1400/$1380.

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