Bitcoin soared to the 50 and 100-day moving average at 22000/22300. Shorts need stops above 22500. A break higher is a buy signal.
Ripple rocketed back to 50 and 100-day moving averages at 3500/3600.
Ethereum soars to 1790.
Today's Analysis
Bitcoin has unexpectedly soared to the 50 and 100-day moving average at 22000/22300. Shorts need stops above 22500.
A break higher is a buy signal targeting resistance at the 200-week moving average at 23000/23200. If we continue higher, look for 24600/700.
Any shorts at the 50 and 100-day moving average at 22000/22300 target 21600/500. A low for the day is certainly possible here. However, a break lower can target 21000/20900.
Ripple shot higher to 50 and 100-day moving averages at 3500/3600. A break above 3650 can target 3800/3850.
Shorts at 3500/3600 target 3440/30, then 3380/70.
Ethereum did indeed hold above 1500/1550 to hit my target of 1760/80, and we have collapsed to the first support at 1700/1650.
Longs need stops below 1600. A break lower targets 1550, then the support at the 100-day moving average at 1500/1450. This must hold, or we resume the longer-term bear trend. Strong resistance is at 1800/1900.