-
Bitcoin bounce from 400 pips above the only support for this week at the 500-day moving average at 39200/000 reaches as far as strong resistance at 44200/44400 with a high for the day exactly here.
-
Ripple retesting & holding the 500-day moving average at 7300/7250 although we overran as far as 6966. The bounce reached strong resistance at 8071/8200 with a high for the day exactly here.
-
Ethereum longs at mega important support at 3050/3000 work on the bounce to strong resistance at 3350/3400 for profit-taking.
Daily analysis
Bitcoin holding important support at the 500 day moving average at 39200/000 to hit strong resistance at 44200/44400. A high for the day here as we dip back to minor support at 42500 (& holding here too as I write) - below 42000 risks a retest of the 500 day moving average at 39600/400. A break below 39000 this time (I think it will happen eventually) is another important sell signal initially targeting 37800/750 & 36500/36000. Below 36000 can take prices as far as 31000.
A break above 44500 however targets 46500/47000, perhaps as far as very strong resistance at 48500/49000. Shorts need stops above 50000.
Ripple reached strong resistance at 8071/8200 & guess where the high for the day was? Minor support at 7750/7700 tested now as I write overnight. Further losses retest important support at 7350/7300. A break below this week's low at 6966 is the next sell signal initially targeting 6450/6400, perhaps as far as 5840/5800.
Holding minor support at 7750/00 allows a retest of strong resistance at 8071/8200. A break above 8300 is a short-term buy signal initially targeting 8600.
Ethereum longs at mega important support at 3050/3000 work o the bounce to strong resistance at 3350/3400 for profit-taking - a high for the day exactly here. A break higher however targets 3500/3550.
Important support at 3050/3000 - stop below 2900. However, a break lower is a very significant sell signal.
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.
Recommended Content
Editors’ Picks
Crypto morning: Bitcoin's bullish surge, Fidelity's Ethereum leap, Trump-backed WLF's $3M MNT buy
Bitcoin traders are reacting positively to the US Federal Reserve’s (Fed) policy shift. As BTC hovers around the $88,000 level on Monday, analysts are optimistic about Bitcoin price gains this week. Technical analysis supports Bitcoin’s bullish thesis.
Dogecoin remains brand leader in meme coins – Fei Chen, Founder and CEO of Intellectia AI
Dogecoin open interest plunged to a near four-month low in mid-March before beginning a slow recovery. Mr. Fei Chen, founder and CEO of Intellectia AI, shared his thoughts on Dogecoin, a potential DOGE ETF, and the likelihood of DOGE inclusion in a US Strategic Crypto Reserve in an interview.
Bitcoin could hit $110,000, supported by the Fed’s dovish stance and Trump’s flexibility on tariffs
Bitcoin price extends its gains and trade above $87,400 at the time of writing on Monday after recovering 4.25% last week. BitMEX co-founder Arthur Hayes predicts that BTC could hit $110,000 before retracing to $76,500, supported by the US Fed's dovish stance on inflation and US President Donald Trump’s flexibility on tariffs.
Solana bull aims for $160 mark as White House narrows April 2 tariffs
Solana’s price extends its gains on Monday after recovering 5.32% last week. Reports suggest that the White House is narrowing its approach to tariffs set to take effect on April 2, likely omitting a set of industry-specific tariffs.
Bitcoin: BTC stabilizes around $84,000 despite US SEC regularity clarity and Fed rate stability
Bitcoin price stabilizes around $84,000 at the time of writing on Friday after recovering nearly 2% so far this week. The recent announcement by the US SEC that Proof-of-Work mining rewards are not securities could boost BTC investors' confidence.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.