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Posted by GRAHAM MULFY on May 21, 2024 at 5:38am 0 Comments 0 Likes
Posted by Micheal Jorden on May 21, 2024 at 5:38am 0 Comments 0 Likes
We are edging lower to 38000/37700 now as I write on Sunday - further losses are expected in the bear trend of course to 36500/400
Ripple mostly sideways in recent days.
Ethereum we wrote: Shorts at at 3025/55 target minor support at 2870/40 & perhaps as far as 2750/2700 before the weekend.
Targets all hit on the upside & downside so far this week.
Update daily at 07:00 GMT
Today's Analysis
Bitcoin breaks support at 40800/400 for profit taking. Longs could be risky in the bear trend, but if you try, stop below 40000 (& look for a target of 42800). However if we continue lower look for 39300/200 & 38000/37700, eventually as far as 33300/31100.
Gains are likely to be limited in the bear trend with minor resistance at 42300/500 then strong resistance at 44000/200. Shorts need stops above 45000.
Ripple just holding support at 7300/7280 but below here can target 7090/70, perhaps as far as support at 6890/6870. On further losses in the bear trend look for 6730/6690.
Minor resistance at 7550/7650. Strong resistance at 7800/7850 should be the best sell opportunity of the week.
https://www.fxmag.com/crypto/ether-eth-ripple-xrp-bitcoin-price-btc...
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