Bitcoin broke first support at 46200/000 but meets best support for this week at 43900/600. Longs need stops below 42900.

Ripple breaks strong support at 11540/510 targeting strong support at 10350/10100.

Ethereum longs at our buying opportunity at 2970/50 worked perfectly – we bottomed exactly at for a 100 pip recovery so far this morning.

Daily analysis

Bitcoin best support at 43900/600. Longs need stops below 42900. A break lower is a sell signal targeting 41000/40500 & 39500, probably as far as 38000.

Longs at 43900/600 target 4500/300 & minor resistance at 46150/450. Above 47000 can retest 48190. Further gains eventually target 49400/500 then 50500/51000. Ripple strong support at 10350/10100. A break below 10000 risks a slide to 9350/9300.

Longs at strong support at 10350/10100 target 10850, perhaps as far as 11510/540. If we continue higher look for 11850, perhaps as far as 12450/12500 before a retest of 13450/490. A break higher targets 13615, 14410, 14540 & 14660.

Ethereum longs at our buying opportunity at 2970/50 target 3100 with minor resistance at 3180/3210 for some profit taking. A break higher however retests 3325/35. Above 3350 targets 3400 & above here is a buy signal initially targeting 3580/3600.

A buying opportunity at 2970/50. Longs need stops below 2900. A break lower us a sell signal targeting 2850 then strong support at 2750/2700 for profit taking on shorts.

Chart

XRP

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

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