Ethereum Holding Above $1500 Is A Buy Signal
2022.07.20 11:46
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.
