Crypto Charts 63

Crypto Charts 63


Price tested $38'200 and is on track to climb up above $41'600. If $38'200 is broken, support is expected at $36'300 followed by $34'060.


Price tested the $2'820 level and is on track for a move above $3'145 with an acceleration to $3'600. If $2'820 is broken, $2'740 & $2'620 would be good entry points with stops set at $2'490.


Last time we said:

‘We remain bullish for BTC we should see an acceleration higher on a move above $41'600 look to buy dips at $39'200 stops 1000 pips below’

As I type this, we have tested the $38'200 level and as of yet haven’t broken it, therefore last week's view remains valid. However, I am showing the alternate view if $38'200 breaks.

It does not negate our longer term bullish view, but we will call for a larger correction with support at $36'300 which is the bottom of the channel followed by $34'060 where wave (y) is equal in length to (w).

I would remain long with stops below $38'200, same as last week and look to buy again cheaper.


Last time we were:

‘Looking for Ether to trade higher whilst above $2'820, with a move above $3'145 expected to see an acceleration higher to go back above $3'600’

Like BTC we are just testing the $2'820 level, so I am showing the slightly more bearish view for a close below that level.

I'm not looking for too much downside and would look to start buying again at $2'740 and $2'620 with stops below $2'490.