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Cryptocurrencies Forecast

By Jason SenCryptocurrencySep 28, 2021 04:07AM ET
www.investing.com/analysis/cryptocurrencies-forecast-200603275
Cryptocurrencies Forecast
By Jason Sen   |  Sep 28, 2021 04:07AM ET
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Bitcoin still holding first resistance at 43500/44000 which keeps pressure to the downside.

Ripple still holding first resistance at 9800/9900 in what appears to be a negative bear flag pattern.

Ethereum saw a high for the day exactly at first resistance at 3130/60 so shorts here are the perfectly trade.

Today’s Analysis

Bitcoin holding first resistance at 43500/44000 in recent days (in what I think is a developing bear trend) re-targets 42000/41500. This has been hit now and is holding but pressure remains to the downside. A break below 39500 then targets 37300/37000. I would not rule out 34500/300 and even more losses in to October.

Bulls need a break above 45000 to test resistance at 47000/47500. Shorts need stops above 48000 for a medium term buy signal.

Ripple holding first resistance at 9800/9900 eventually targets best support again at 8600/8550. A break below 8500 is a sell signal targeting 8000/7950 and 7600.

Bulls need a break above 10000 to test strong resistance at 10250/10350. A break higher can target strong resistance at 10710/10780. Shorts need stops above 11000.

Ethereum holding first resistance at 3130/60. Shorts need stops above 3250. A break higher targets 3300/3320 and resistance at 3400/3450. Shorts need stops above 3500.

Shorts at at 3130/60 target minor support at 2960/50 (hit this morning). Best support at 2700/2600 for profit taking on any remaining shorts. Longs need stops below 2500. A break below here is an important medium term sell signal, initially targeting 2440 then 2250/2220.

Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

Cryptocurrencies Forecast
 

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Cryptocurrencies Forecast

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Comments (4)
Tasiu Halilu
Tasiu Halilu Sep 29, 2021 5:29PM ET
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pls any update about market today
Shahid Malang
Shahid Malang Sep 29, 2021 12:20AM ET
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help me please idont now about investing
Alim Okz
Alim Okz Sep 28, 2021 5:43AM ET
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Greetings sir how are you please give me some money
Shahid Malang
Shahid Malang Sep 28, 2021 5:43AM ET
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hello Sr please gaide me i dont know about investing please help mw
Alim Okz
Alim Okz Sep 28, 2021 5:43AM ET
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Shahid Malang Sep 28, 2021 5:43AM ET
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hello
 
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