Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 11th, 2021

Ethereum

Ethereum rose by 0.54% on Monday. Following on from a 0.29% gain on Sunday, Ethereum ended the day at $3,949.45.

A mixed start to the day saw Ethereum fall to an early morning low $3,893.01 before making a move.

Steering clear of the first major support level at $3,775, Ethereum rallied to a late afternoon intraday high and a new swing hi $4,213.85.

Ethereum broke through the first major resistance level at $4,033 and the second major resistance level at $4,137.

Coming up short of $4,300 levels, Ethereum slid to a late intraday low $3,657.35.

Ethereum fell through the first major support level at $3,775 before briefly revisiting $4,070 levels.

The recovery saw Ethereum break back through the first major resistance level at $4,033 before easing back to sub-$4,000 levels.

At the time of writing, Ethereum was down by 0.12% to $3,944.80. A mixed start to the day saw Ethereum rise to an early morning high $3,966.93 before falling to a low $3,900.00.

Ethereum left the major support and resistance levels untested early on.

ETHUSD 110521 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall back through the $3,940 pivot to bring the first major resistance level at $4,223 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s new swing hi $4,213.85.

Barring an extended crypto rally, the first major resistance level and resistance at $4,300 would likely cap any upside.

In the event of another breakout, Ethereum could test resistance at $4,500 levels. The second major resistance level sits at $4,497.

Failure to avoid a fall back through the $3,940 pivot would bring the first major support level at $3,667 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,500 levels. The second major support level sits at $3,384.

Looking at the Technical Indicators

First Major Support Level: $3,667

Pivot Level: $3,940

First Major Resistance Level: $4,223

23.6% FIB Retracement Level: $3,238

38.2% FIB Retracement Level: $2,635

62% FIB Retracement Level: $1,660

Litecoin

Litecoin slid by 7.40% on Monday. Partially reversing an 11.66% rally from Sunday, Litecoin ended the day at $359.41.

A bullish start to the day saw Litecoin rise to an early morning intraday high and a new swing hi $413.91 before hitting reverse.

Litecoin broke through the first major resistance level at $407 before sliding to a late intraday low $337.84.

The extended sell-off saw Litecoin fall through the first major support level at $352 before ending the day at $359 levels.

At the time of writing, Litecoin was down by 0.42% to $357.89. A mixed start to the day saw Litecoin rise to an early morning high $360.45 before falling to a low $353.83.

Litecoin left the major support and resistance levels untested early on.

LTCUSD 110521 Hourly Chart

For the day ahead

Litecoin would need to move through the $370 pivot to support a run at the first major resistance level at $403.

Support from the broader market would be needed, however, for Litecoin to break back through to $400 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s new swing hi $413.91 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $430. The second major resistance level sits at $447.

Failure to move through the $370 pivot would bring the first major support level at $327 and the 23.6% FIB of $322 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$300. The Second major support level sits at $294.

Looking at the Technical Indicators

First Major Support Level: $327

Pivot Level: $370

First Major Resistance Level: $403

23.6% FIB Retracement Level: $322

38.2% FIB Retracement Level: $265

62% FIB Retracement Level: $174

Ripple’s XRP

Ripple’s XRP slid by 9.39% on Monday. Following on from a 1.80% fall on Sunday, Ripple’s XRP ended the day at $1.39233.

A mixed start to the day saw Ripple’s XRP rise to a mid-morning intraday high $1.62821.

Ripple’s XRP broke through 23.6% FIB of $1.5426 and the first major resistance level at $1.6077 before hitting reverse.

The reversal saw Ripple’s XR tumble to a late intraday low $1.2000.

Ripple’s XRP fell through the 23.6% FIB of $1.5426, the 38.2% FIB of $1.2807, and the day’s major support levels.

Finding late support, however, Ripple’s XRP broke back through the third major support level at $1.2216 and the second major support level at $1.3740.

Ripple’s XRP also broke back through the 38.2% FIB of $1.2807 to end the day at $1.39 levels.

At the time of writing, Ripple’s XRP was flat at $1.39230. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.41009 before falling to a low $1.38569.

Ripple’s XRP left the major support and resistance levels untested early on.

XRPUSD 110521 Hourly Chart

For the day ahead

Ripple’s XRP will need to move back through the $1.4068 pivot to bring 23.6% FIB of $1.5426 and the first major resistance level at $1.6137 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.60 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $1.62821 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $1.70 levels. The second major resistance level sits at $1.8351.

Failure to move back through the $1.4068 pivot would bring the 38.2% FIB of $1.2807 and the first major support level at $1.1855 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.00 levels. The second major support level sits at $0.9786.

Looking at the Technical Indicators

First Major Support Level: $1.1855

Pivot Level: $1.4068

First Major resistance Level: $1.6137

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

Please let us know what you think in the comments below.

Thanks, Bob

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 10th, 2021

Ethereum

Ethereum rose by 0.29% on Sunday. Following a 12.41% rally on Saturday, Ethereum ended the week up by 33.07% to $3,928.44.

A bullish start to the day saw Ethereum rise to a late morning intraday high and a new swing hi $3,984.00.

Falling short of the first major resistance level at $4,102, Ethereum fell to a mid-day intraday low $3,726.29.

Steering clear of the first major support level at $3,594, Ethereum revisited $3,960 levels before easing back.

At the time of writing, Ethereum was down by 0.55% to $3,906.95. A mixed start to the day saw Ethereum rise to an early morning high $3,934.98 before falling to a low $3,896.71.

Ethereum left the major support and resistance levels untested early on.

ETHUSD 100521 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $3,880 pivot to bring the first major resistance level at $4,033 into play.

Support from the broader market would be needed, however, for Ethereum to break through to $4,000 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another breakout, Ethereum could test resistance at $4,200 levels. The second major resistance level sits at $4,137.

Failure to avoid a fall through the $3,880 pivot would bring the first major support level at $3,775 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $3,622.

Looking at the Technical Indicators

First Major Support Level: $3,775

Pivot Level: $3,880

First Major Resistance Level: $4,033

23.6% FIB Retracement Level: $3,063

38.2% FIB Retracement Level: $2,493

62% FIB Retracement Level: $1,572

Litecoin

Litecoin rallied by 11.66% on Sunday. Following a modest 0.71% gain from Saturday, Litecoin ended the week up by 44.30% to $388.30.

A mixed start to the day saw Litecoin fall to an early morning intraday low $334.00 before making a move.

Litecoin fell through the first major support level at $336 before rallying to a final hour intraday high and a new swing hi $389.65.

The rally saw Litecoin break through the first major resistance level at $358 and the second major resistance level at $369.

At the time of writing, Litecoin was up by 1.95% to $395.87. A mixed start to the day saw Litecoin fall to an early morning low $387.57 before striking a new swing hi $398.95.

Litecoin left the major support and resistance levels untested early on.

LTCUSD 100521 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $371 pivot to support a run at the first major resistance level at $407.

Support from the broader market would be needed, however, for Litecoin to break through to $400 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $440. The second major resistance level sits at $426.

Failure to avoid a fall through the $371 pivot would bring the first major support level at $352 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$350. The Second major support level sits at $315.

Looking at the Technical Indicators

First Major Support Level: $352

Pivot Level: $371

First Major Resistance Level: $407

23.6% FIB Retracement Level: $304

38.2% FIB Retracement Level: $250

62% FIB Retracement Level: $164

Ripple’s XRP

Ripple’s XRP fell by 1.80% on Sunday. Following on from a 1.01% loss on Saturday, Ripple’s XRP ended the week down by 1.65% to $1.53661.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.59738 before hitting reverse.

Falling short of the first major resistance level at $1.6152, Ripple’s XRP slid to a mid-morning intraday low $1.44500.

Ripple’s XRP fell through the first major support level at $1.5292 and the second major support level at $1.4930.

More significantly, Ripple’s XRP also fell through the 23.6% FIB of $1.5426 before revisiting $1.5490 levels.

A second sell-off saw Ripple’s XRP fall back through the 23.6% FIB and the first major support level and second major support level.

Recovering from a return to $1.45 levels, Ripple’s XRP moved back through to $1.53 levels to reduce the deficit.

At the time of writing, Ripple’s XRP was up by 2.95% to $1.58199. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.52458 before rising to a high $1.58199.

While leaving the major support and resistance levels untested early on, Ripple’s XRP broke through the 23.6% FIB of $1.5426.

XRPUSD 100521 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall back through the 23.6% FIB of $1.5426 and the $1.5263 pivot to bring the first major resistance level at $1.6077 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Sunday’s high $1.59738.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $1.70 levels. The second major resistance level sits at $1.6787.

Failure to avoid a fall back through the 23.6% FIB of $1.5426 and the $1.5263 pivot would bring the first major support level at $1.4553 into play.

Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.40 levels. The second major support level sits at $1.3740.

Looking at the Technical Indicators

First Major Support Level: $1.4553

Pivot Level: $1.5263

First Major resistance Level: $1.6077

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

Please let us know what you think in the comments below.

Thanks, Bob

The Crypto Daily – Movers and Shakers – May 10th, 2021

Bitcoin, BTC to USD, fell by 1.05% on Sunday. Partially reversing a 2.71% gain from Saturday, Bitcoin ended the week up by 2.95% to $58,276.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $59,236.5 before hitting reverse.

Falling short of the first major resistance level at $59,918, Bitcoin slid to a mid-day intraday low $56,255.0.

Bitcoin fell through the first major support level at $57,407 before a late move back through to $58,000 levels.

The near-term bullish trend remained intact supported by the latest visit to $59,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Sunday.

Crypto.com Coin slid by 5.88% to lead the way down, with Bitcoin Cash SV (-1.57%) and Ripple’s XRP (-1.80%) also joining Bitcoin in the red.

It was a bullish end to the week for the rest of the majors, however.

Cardano’s ADA and Litecoin rallied by 8.88% and by 11.66% respectively to lead the way, with Chainlink (+7.40%) also finding strong support.

Binance Coin (+2.37%), Ethereum (+0.29%), and Polkadot (+2.07%) also avoided the red.

It was also a mixed week for the cryptos in the week ending 9th May.

Crypto.com Coin (-6.08%) and Ripple’s XRP (-1.65%) saw red to buck the trend for the week.

It was a bullish week for the rest of the majors, however.

Litecoin led the way, surging by 44.30%.

Binance Coin (+23.05%), Cardano’s ADA (+33.16%), Chainlink 32.37%, and Ethereum (+33.07%) also found strong support.

Bitcoin Cash SV (+7.55%) and Polkadot (+6.93%) trailed the front runners, however.

In the week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Saturday high $2,482bn. At the time of writing, the total market cap stood at $2,395bn.

Bitcoin’s dominance rose to a Monday high 49.44% before falling to a Thursday low 44.65%. At the time of writing, Bitcoin’s dominance stood at 45.43%.

This Morning

At the time of writing, Bitcoin was down by 0.20% to $58,157.0. A mixed start to the day saw Bitcoin rise to an early morning high $58,421.4 before falling to a low $58,150.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.14%), Bitcoin Cash SV (+2.15%), Chainlink (+1.09%), Crypto.com Coin (+1.26%), and Litecoin (+2.26%) found early support.

It was a bearish start for the rest of the majors.

Cardano’s ADA (0.39%), Ethereum (-0.51%), Polkadot (-0.13%), and Ripple’s XRP (-0.42%) joined Bitcoin in the red.

BTCUSD 100521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $57,993 to support a run at the first major resistance level at $59,590.

Support from the broader market would be needed for Bitcoin to break out from Sunday’s high $59,236.5.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the swing hi $64,829 before any pullback. The second major resistance level sits at $60,904, with the third major resistance level sitting at $63,886.

Failure to avoid a fall through the pivot at $57,993 would bring the first major support level at $56,609 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $54,941.

The Crypto Daily – Movers and Shakers – May 9th, 2021

Bitcoin, BTC to USD, rose by 2.71% on Saturday. Following on from a 1.59% gain on Friday, Bitcoin ended the day at $58,897.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $56,939.0 before making a move.

Steering clear of the first major support level at $55,554, Bitcoin rallied to a late intraday high $59,450.0.

Bitcoin broke through the first major resistance level at $58,889 before easing back to sub-$59,000 levels.

The near-term bullish trend remained intact supported by the latest visit to $59,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Saturday.

Ethereum rallied by 12.41% to lead the way, with Binance Coin (+3.59%) and Litecoin (+0.71%), also joining Bitcoin in the green.

It was a bearish day for the rest of the majors, however.

Bitcoin Cash SV fell by 3.23% to lead the way down,

Cardano’s ADA (-1.87%) Chainlink (-0.95%), Crypto.com Coin (-2.93%), Polkadot (-2.50%), and Ripple’s XRP (-1.01%) also saw red.

In the current week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Saturday high $2,482bn. At the time of writing, the total market cap stood at $2,332bn.

Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Thursday low 44.65%. At the time of writing, Bitcoin’s dominance stood at 46.10%.

This Morning

At the time of writing, Bitcoin was down by 0.22% to $58,766.0. A mixed start to the day saw Bitcoin rise to an early morning high $59,000.0 before falling to a low $58,720.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bearish start to the day.

At the time of writing, Crypto.com Coin was down by 2.37% to lead the way down.

BTCUSD 090521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $58,429 to support a run at the first major resistance level at $59,918.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $59,450.0.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the swing hi $64,829 before any pullback. The second major resistance level sits at $60,940, with the third major resistance level sitting at $63,451.

Failure to avoid a fall through the pivot at $58,429 would bring the first major support level at $57,407 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of the second major support level at $55,918.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 8th, 2021

Ethereum

Ethereum fell by 0.22% on Friday. Following a 1.05% decline on Thursday, Ethereum ended the day at $3,484.7.

It was a mixed start to the day. Ethereum fell to an early morning intraday low $3,361.42.

Ethereum fell through the first major support level at $3,379 before rallying to a late afternoon intraday high $3,595.07.

Falling short of the first major resistance level at $3,609, Ethereum fell back to sub-$3,430 levels before finding support.

A late move back through to $3,480 levels limited the downside on the day.

At the time of writing, Ethereum was up by 0.34% to $3,496.55. A mixed start to the day saw Ethereum rise to an early morning high $3,498.99 before falling to a low $3,455.00.

Ethereum left the major support and resistance levels untested early on.

ETHUSD 080521 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall back through the $3,480 pivot to bring the first major resistance level at $3,599 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $3,590.00 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $3,595.07 would likely cap any upside.

In the event of another breakout, Ethereum could test resistance at $3,800 levels. The second major resistance level sits at $3,714.

Failure to avoid a fall back through the $3,480 pivot would bring the first major support level at $3,366 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,300 levels. The second major support level sits at $3,247.

Looking at the Technical Indicators

First Major Support Level: $3,366

Pivot Level: $3,480

First Major Resistance Level: $3,599

23.6% FIB Retracement Level: $2,778

38.2% FIB Retracement Level: $2,262

62% FIB Retracement Level: $1,429

Litecoin

Litecoin fell by 2.61% on Friday. Following on from a 0.58% loss on Thursday, Litecoin ended the day at $345.25.

A bullish start to the day saw Litecoin rally to a mid-morning intraday high and a new swing hi $372.88 before hitting reverse.

Coming up against the first major resistance level at $373, Litecoin slid to a late intraday low $333.55.

Steering clear of the first major support level at $329, Litecoin revisited $348 levels before easing back.

At the time of writing, Litecoin was up by 1.91% to $351.83. A mixed start to the day saw Litecoin fall to an early morning low $342.72 before rising to a high $352.50.

Litecoin left the major support and resistance levels untested early on.

LTCUSD 080521 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall back through the $351 pivot to support a run at the first major resistance level at $368.

Support from the broader market would be needed, however, for Litecoin to break out from $365 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s new swing hi $372.88 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $400. The second major resistance level sits at $390.

Failure to avoid a fall back through the $351 pivot would bring the first major support level at $328 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$310. The Second major support level at $311 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $328

Pivot Level: $351

First Major Resistance Level: $368

23.6% FIB Retracement Level: $291

38.2% FIB Retracement Level: $240

62% FIB Retracement Level: $158

Ripple’s XRP

Ripple’s XRP fell by 1.44% on Friday. Following on from a 0.68% loss on Thursday, Ripple’s XRP ended the day at $1.58105.

A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $1.50786.

The reversal saw Ripple’s XRP fall through the 23.6% FIB of $1.5426 before making a move.

Finding support at the first major support level at $1.5079, Ripple’s XRP rallied to a mid-day intraday high $1.69467.

Falling short of the first major resistance level at $1.7326, Ripple’s XRP fell back through the 23.6% FIB of $1.5426.

Finding late support, however, Ripple’s XRP closed out the day at $1.58 levels.

At the time of writing, Ripple’s XRP was up by 0.02% to $1.58136. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.59005 before falling to a low $1.56369.

Ripple’s XRP left the major support and resistance levels untested early on.

XRPUSD 080521 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $1.5945 pivot to bring the first major resistance level at $1.6812 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from $1.65 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $1.70 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $1.80 levels. The second major resistance level sits at $1.7813.

Failure to move through the $1.5945 pivot would bring the 23.6% FIB of $1.5426 and the first major support level at $1.4944 into play.

Barring an extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $1.4077.

Looking at the Technical Indicators

First Major Support Level: $1.4944

Pivot Level: $1.5945

First Major resistance Level: $1.6812

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

Please let us know what you think in the comments below.

Thanks, Bob

The Crypto Daily – Movers and Shakers – May 8th, 2021

Bitcoin, BTC to USD, rose by 1.59% on Friday. Partially reversing a 1.80% loss from Thursday, Bitcoin ended the day at $57,349.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $55,300.0 before making a move.

Steering clear of the first major support level at $55,040, Bitcoin rallied to a late afternoon intraday high $58,635.0.

Bitcoin broke through the first major resistance level at $58,101 before easing back to sub-$57,000 levels.

Finding late support, however, Bitcoin moved back through to $57,000 levels to deliver the upside on the day.

The near-term bullish trend remained intact supported by the recovery to $57,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Chainlink rose by 4.24% to lead the way, with Cardano’s ADA (+0.21%) and Crypto.com Coin (+1.33%) also avoiding the red.

It was a bearish day for the rest of the majors, however.

Bitcoin Cash SV slid by 11.54% to lead the way down, with Polkadot falling by 5.59%.

Binance Coin (-1.52%), Ethereum (-0.22%), Litecoin (-2.61%), and Ripple’s XRP (-1.44%) saw relatively modest losses.

In the current week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Thursday high $2,447bn. At the time of writing, the total market cap stood at $2,332bn.

Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Thursday low 44.65%. At the time of writing, Bitcoin’s dominance stood at 46.10%.

This Morning

At the time of writing, Bitcoin was up by 0.11% to $57,411.0. A mixed start to the day saw Bitcoin fall to an early morning low $57,267.0 before rising to a high $57,583.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.09%), Cardano’s ADA (-0.26%), Crypto.com Coin (-0.94%), and Polkadot (-0.16%) saw early red.

It was a bullish start for the rest of the majors, however.

At the time of writing, Chainlink was up by 0.92% to lead the way.

BTCUSD 080521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $57,095 to support a run at the first major resistance level at $58,889.

Support from the broader market would be needed for Bitcoin to break out from Friday’s high $58,635.0.

Barring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $60,430.

Failure to avoid a fall through the pivot at $57,095 would bring the first major support level at $55,554 into play.

Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$54,000 levels. The second major support level sits at $53,760.

The Crypto Daily – Movers and Shakers – May 7th, 2021

Bitcoin, BTC to USD, fell by 1.80% on Thursday. Partially reversing a 7.95% gain from Wednesday, Bitcoin ended the day at $56,450.0.

A mixed start to the day saw Bitcoin rise to a late morning intraday high $58,343.0 before hitting reverse.

Falling short of the first major resistance level at $59,270.0, Bitcoin fell to a late intraday low $55,282.0.

Steering clear of the first major support level at $54,332, Bitcoin revisited $56,700 levels before easing back.

The near-term bullish trend remained intact in spite of the latest slide back to sub-$53,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Thursday.

Cardano’s ADA followed Wednesday’s 16.62% rally with a 11.39% gain.

Crypto.com Coin and Polkadot also found support, rising by 4.72% and by 4.67% respectively.

It was a bearish day for the rest of the majors, however.

Chainlink fell by 4.87% to lead the way down.

Binance Coin (-2.70%), Bitcoin Cash SV (-0.28%), Ethereum (-1.05%), Litecoin (-0.58%), and Ripple’s XRP (-0.68%) also joined Bitcoin in the red.

In the current week, the crypto total market fell to a Tuesday low $2,064bn before rising to a Thursday high $2,447bn. At the time of writing, the total market cap stood at $2,341bn.

Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Thursday low 44.66%. At the time of writing, Bitcoin’s dominance stood at 45.49%.

This Morning

At the time of writing, Bitcoin was up by 0.83% to $56,920.0. A mixed start to the day saw Bitcoin fall to an early morning low $56,102.0 before rising to a high $56,920.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Polkadot bucked the trend early on, falling by 0.92%.

It was a bullish start for the rest of the majors, however.

At the time of writing, Cardano’s ADA was up by 1.90% to lead the way.

BTCUSD 070521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $56,692 to support a run at the first major resistance level at $58,101.

Support from the broader market would be needed for Bitcoin to break back through to $58,000 levels.

Barring an extended crypto rally, the first major resistance level Thursday’s high $58,343.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,753.

Failure to avoid a fall back through the pivot at $56,692 would bring the first major support level at $55,040 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$54,000 levels. The second major support level sits at $53,631.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 7th, 2021

Ethereum

Ethereum fell by 1.05% on Thursday. Partially reversing an 8.96% rally from Wednesday, Ethereum ended the day at $3,492.75.

It was a mixed start to the day. Ethereum fell to a mid-morning intraday low $3,381.11 before making a move.

Steering clear of the first major support level at $3,308, Ethereum rallied to a late afternoon intraday high and a new swing hi $3,610.91.

Ethereum broke through the first major resistance level at $3,651 before a pullback to sub-$3,410 levels.

Finding late support, Ethereum moved back through to $3,540 levels before easing back.

At the time of writing, Ethereum was down by 0.37% to $3,479.80. A mixed start to the day saw Ethereum rise to an early morning high $3,500.21 before falling to a low $3,479.14.

Ethereum left the major support and resistance levels untested early on.

ETHUSD 070521 Hourly Chart

For the day ahead

Ethereum would need to move back through the $3,495 pivot to bring the first major resistance level at $3,609 into play.

Support from the broader market would be needed, however, for Ethereum to break out from $3,550.00 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s new swing hi $3,610.91 would likely cap any upside.

In the event of another breakout, Ethereum could test resistance at $4,000. The second major resistance level sits at $3,725, with the third major resistance level at $3,955.

Failure to move back through the $3,495 pivot would bring the first major support level at $3,379 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,200 levels. The second major support level at $3,265 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3,379

Pivot Level: $3,495

First Major Resistance Level: $3,609

23.6% FIB Retracement Level: $2,778

38.2% FIB Retracement Level: $2,262

62% FIB Retracement Level: $1,429

Litecoin

Litecoin fell by 0.58% on Thursday. Partially reversing a 16.70% rally from Wednesday, Litecoin ended the day at $354.44.

A bullish start to the day saw Litecoin rally to an early morning intraday high $365.20 before hitting reverse.

Falling short of the first major resistance level at $377, Litecoin slid to a late afternoon intraday low $321.84.

Steering clear of the first major support level at $318, Litecoin briefly revisited $359 levels before easing back into the red.

At the time of writing, Litecoin was down by 1.20% to $350.18. A mixed start to the day saw Litecoin rise to an early morning high $355.00 before falling to a low $350.00.

Litecoin left the major support and resistance levels untested early on.

LTCUSD 070521 Hourly Chart

For the day ahead

Litecoin would need to avoid the $347 pivot to support a run at the first major resistance level at $373.

Support from the broader market would be needed, however, for Litecoin to break back through to $370 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $400. The second major resistance level sits at $391.

Failure to avoid a fall through the $347 pivot would bring the first major support level at $329 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$300. The Second major support level at $304 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $329

Pivot Level: $347

First Major Resistance Level: $373

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP fell by 0.68% on Thursday. Following a 16.17% breakout on Wednesday, Ripple’s XRP ended the day at $1.60424.

A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high $1.7647 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $1.7044 before sliding to a late afternoon intraday low $1.5400.

Finding support at the 23.6% FIB of $1.5426, Ripple’s XRP revisited $1.65 levels before falling back into the red.

At the time of writing, Ripple’s XRP was down by 0.74% to $1.59229. A mixed start to the day sw Ripple’s XRP rise to an early morning high $1.61049 before falling to a low $1.58197.

Ripple’s XRP left the major support and resistance levels untested early on.

XRPUSD 070521 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $1.6363 pivot to bring the first major resistance level at $1.7326 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.70 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $1.7647 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $2.00. The second major resistance level sits at $1.8610.

Failure to move through the $1.6363 pivot would bring the 23.6% FIB of $1.5426 and the first major support level at $1.5079 into play.

Barring an extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $1.4116.

Looking at the Technical Indicators

First Major Support Level: $1.5079

Pivot Level: $1.6363

First Major resistance Level: $1.7326

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

Please let us know what you think in the comments below.

Thanks, Bob

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 6th, 2021

Ethereum

Ethereum rallied by 8.96% on Wednesday. Reversing a 5.65% loss from Tuesday, Ethereum ended the day at $3,529.97.

It was a mixed start to the day. Ethereum fell to an early morning intraday low $3,207.00 before making a move.

Steering clear of the first major support level at $3,093, Ethereum rallied to a late intraday high and a new swing hi $3,550.00.

Ethereum broke through the first major resistance level at $3,461 to end the day at $3,500 levels.

At the time of writing, Ethereum was up by 0.39% to $3,543.68. A mixed start to the day saw Ethereum fall to an early morning low $3,524.56 before rising to a high $3,547.91.

Ethereum left the major support and resistance levels untested early on.

ETHUSD 060521 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $3,429 pivot to bring the first major resistance level at $3,651 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Wednesday’s new swing hi $3,550.00.

Barring an extended crypto rally, the first major resistance level and resistance at $3,700 would likely cap any upside.

In the event of another breakout, Ethereum could test resistance at $4,000. The second major resistance level sits at $3,772.

Failure to avoid a fall through the $3,429 pivot would bring the first major support level at $3,308 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level at $3,086 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3,308

Pivot Level: $3,429

First Major Resistance Level: $3,651

23.6% FIB Retracement Level: $2,731

38.2% FIB Retracement Level: $2,225

62% FIB Retracement Level: $1,406

Litecoin

Litecoin jumped by 16.70% on Wednesday. Following on from a 3.59% gain on Tuesday, Litecoin ended the day at $356.43.

A mixed start to the day saw Litecoin fall to an early morning intraday low $300.98 before making a move.

Steering clear of the first major support level at $277, Litecoin rallied to a late intraday high $360.00.

Litecoin broke through the first major resistance level at $329 and the second major resistance level at $353 before easing back.

The pullback saw Litecoin briefly fall back through the second major resistance level at $353 before ending the day at $356 levels.

At the time of writing, Litecoin was up by 0.52% to $358.28. A mixed start to the day saw Litecoin fall to an early morning low $355.76 before rising to a high $358.90.

Litecoin left the major support and resistance levels untested early on.

LTCUSD 060521 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $339 pivot to support a run at the first major resistance level at $377.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $360.00.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $400. The second major resistance level sits at $398.

Failure to avoid a fall through the $339 pivot would bring the first major support level at $318 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$300. The Second major support level sits at $280.

Looking at the Technical Indicators

First Major Support Level: $318

Pivot Level: $339

First Major Resistance Level: $377

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP rallied by 16.17% on Wednesday. Reversing a 10.85% slide from Tuesday, Ripple’s XRP ended the day at $1.61348.

A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $1.36874 before making a move.

Steering clear of the first major support level at $1.2899, Ripple’s XRP rallied to a late intraday high $1.62749.

Ripple’s XRP broke through the first major resistance level at $1.5228 and the 23.6% FIB of $1.5426 before easing back.

The pullback saw Ripple’s XRP fall back sub-$1.60 levels before briefly revisiting $1.62 levels.

At the time of writing, Ripple’s XRP was up by 1.42% to $1.63637. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.61515 to a high $1.64553.

Ripple’s XRP left the major support and resistance levels untested early on.

XRPUSD 060521 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the 23.6% FIB of $0.5426 and the $1.5366 pivot to bring the first major resistance level at $1.7044 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break through to $1.70 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $2.00. The second major resistance level sits at $1.7953.

Failure to avoid a fall through the 23.6% FIB and the $1.5366 pivot would bring the first major support level at $1.4457 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.40 levels and the 38.2% FIB of $1.2807. The second major support level sits at $1.2778.

Looking at the Technical Indicators

First Major Support Level: $1.4457

Pivot Level: $1.5366

First Major resistance Level: $1.7044

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

Please let us know what you think in the comments below.

Thanks, Bob

The Crypto Daily – Movers and Shakers – May 5th, 2021

Bitcoin, BTC to USD, slid by 6.81% on Tuesday. Reversing a 0.96% gain from Monday, Bitcoin ended the day at $53,251.0.

It was a particularly bearish day. Bitcoin slid from an early morning intraday high $57,166.0 to a final hour intraday low $53,067.0.

The extended sell-off saw Bitcoin fall through the first major support level at $56,124 and the second major support level at $55,100.

The near-term bullish trend remained intact in spite of the slide back to $53,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Monday.

Bitcoin Cash SV (-12.62%), Crypto.com Coin (-10.36%), and Ripple’s XRP (-10.85%) led the way down.

Binance Coin (-9.99%), Cardano’s ADA (-6.75%), and Ethereum (-5.65%) also struggled.

Chainlink (+8.34%), Litecoin (+3.59%), and Polkadot (+0.35%) bucked the trend on the day, however.

Early in the week, the crypto total market rose to a Monday high $2,331bn before falling to a Tuesday low $2,064bn. At the time of writing, the total market cap stood at $2,216bn.

Bitcoin’s dominance rose to a Monday high 49.39% before falling to a Tuesday low 46.04%. At the time of writing, Bitcoin’s dominance stood at 46.62%.

This Morning

At the time of writing, Bitcoin was up by 3.85% to $55,300.0. A mixed start to the day saw Bitcoin fall to an early morning low $52,960.0 before rising to a high $55,425.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bullish start to the day.

At the time of writing, Bitcoin Cash SV was up by 10.60% to lead the way.

BTCUSD 050521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $54,495 to support a run at the first major resistance level at $55,922.

Support from the broader market would be needed for Bitcoin to breakout from this morning’s high $55,425.0.

Barring an extended crypto rally, the first major resistance level and resistance at $56,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $58,594.

Failure to avoid a fall back through the pivot at $54,495 would bring the first major support level at $51,823 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The 23.6% FIB of $50,473 and the second major support level at $50,396 should limit the downside.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 5th, 2021

Ethereum

Ethereum fell by 5.65% on Tuesday. Partially reversing a 16.32% breakout from Monday, Ethereum ended the day at $3,240.01.

It was a particularly bearish start to the day. Ethereum fell from an early morning high $3,454.80 to an early morning intraday low $3,166.12.

Steering clear of the first major support level at $3,105, Ethereum rallied to an early afternoon intraday high and a new swing hi $3,507.98.

Falling short of the first major resistance level at $3,611, Ethereum slid back to sub-$3,200 levels for a 2nd time.

Finding late support, however, Ethereum revisited $3,400 levels before falling back into the deep red.

At the time of writing, Ethereum was up by 3.86% to $3,365.13. A mixed start to the day saw Ethereum fall to an early morning low $3,207.00 before rising to a high $3,382.65.

Ethereum left the major support and resistance levels untested early on.

ETHUSD 050521 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall back through the $3,314 pivot to bring the first major resistance level at $3,461 into play.

Support from the broader market would be needed, however, for Ethereum to break through to $3,400 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another breakout, Ethereum could test resistance at $4,000. The second major resistance level sits at $3,682.

Failure to avoid a fall back through the $3,314 pivot would bring the first major support level at $3,093 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level sits at $2,945.

Looking at the Technical Indicators

First Major Support Level: $3,093

Pivot Level: $3,314

First Major Resistance Level: $3,461

23.6% FIB Retracement Level: $2,719

38.2% FIB Retracement Level: $2,215

62% FIB Retracement Level: $1,400

Litecoin

Litecoin rose by 3.59% on Tuesday. Following on from a 9.59% gain on Monday, Litecoin ended the day at $305.50.

A bearish start to the day saw Litecoin fall to an early morning intraday low $271.70 before making a move.

Litecoin fell through the first major support level at $276 before rallying to an early afternoon intraday high $327.91.

Litecoin broke through the first major resistance level at $307 and the second major resistance level at $319.

Falling short of $330 levels, Litecoin slid back to sub-$300 levels before revisiting $316 levels.

Litecoin broke back through the first major resistance level at $307 before easing back.

At the time of writing, Litecoin was up by 10.42% to $337.34. A mixed start to the day saw Litecoin fall to an early morning low $300.98 before rallying to a high $342.00.

Litecoin broke through the first major resistance level at $329 early on.

LTCUSD 050521 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall back through the first major resistance level at $329 to support a run at the second major resistance level at $353.

Support from the broader market would be needed, however, for Litecoin to break out from this morning’s high $342.00.

Barring an extended crypto rally, the second major resistance level would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $360. The third major resistance level sits at $405.

Failure to avoid a fall through the first major resistance level at $329 would bring the pivot and sub-$300 levels into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$290 and the first major support level at $277

Looking at the Technical Indicators

First Major Support Level: $277

Pivot Level: $300

First Major Resistance Level: $329

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP slid by 10.85% on Tuesday. Following a 0.59% decline on Monday, Ripple’s XRP ended the day at $1.38884.

A bearish start to the day saw Ripple’s XRP slide from an early morning intraday high $1.55784 to a late afternoon intraday low $1.32500.

Ripple’s XRP fell through the 23.6% FIB of $1.5426, the first major support level at $1.4970, and the second major support level at $1.4415.

Finding support at the third major support level at $1.3234, Ripple’s XRP revisited $1.47 levels before sliding back into the deep red.

Ripple’s XRP fell back through the second major support level at $1.4415 to end the day at sub-$1.40 levels.

At the time of writing, Ripple’s XRP was up by 4.84% to $1.45609. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.36874 before rising to a high $1.47568.

Ripple’s XRP left the major support and resistance levels untested early on.

XRPUSD 050521 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall back through the $1.4239 pivot to bring the first major resistance level at $1.5228 and the 23.6% FIB of $1.5426 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.50 levels.

Barring an extended crypto rally, the first major resistance level and 23.6% FIB would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $1.70. The second major resistance level sits at $1.6567.

Failure to avoid a fall back through the $1.4239 pivot would bring the first major support level at $1.2899 and 38.2% FIB of $1.2807 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.20 levels. The second major support level sits at $1.1911.

Looking at the Technical Indicators

First Major Support Level: $1.2899

Pivot Level: $1.4239

First Major resistance Level: $1.5228

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

Please let us know what you think in the comments below.

Thanks, Bob

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 4th, 2021

Ethereum

Ethereum jumped by 16.32% on Monday. Following on from a 0.11% gain on Sunday, Ethereum ended the day at $3,433.99.

It was a particularly bullish the day. Ethereum rallied from an early morning intraday low $2,952.08 to a final hour intraday high and a new swing hi $3,457.75.

Steering clear of the major support levels, Ethereum broke through the day’s major resistance levels to wrap up the day at $3,400 levels.

At the time of writing, Ethereum was down by 1.81% to $3,371.90. A mixed start to the day saw Ethereum rise to an early morning high $3,454.80 before falling to a low $3,349.42.

Ethereum left the major support and resistance levels untested early on.

ETHUSD 040521 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the $3,281 pivot to bring the first major resistance level at $3,611 into play.

Support from the broader market would be needed, however, for Ethereum to break through to $3,600 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another breakout, Ethereum could test resistance at $4,000. The second major resistance level sits at $3,787.

Failure to avoid a back through the $3,281 pivot and the first major support level at $3,105 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level sits at $2,776.

Looking at the Technical Indicators

First Major Support Level: $3,105

Pivot Level: $3,281

First Major Resistance Level: $3,611

23.6% FIB Retracement Level: $2,661

38.2% FIB Retracement Level: $2,168

62% FIB Retracement Level: $1,371

Litecoin

Litecoin rallied by 9.59% on Monday. Reversing a 2.86% fall from Sunday, Litecoin ended the day at $294.91.

A mixed start to the day saw Litecoin fall to an early morning intraday low $268.64 before making a move.

Steering clear of the first major support level at $264, Litecoin rallied to a late intraday high $299.71.

Litecoin broke through the day’s major resistance levels before a late pullback to $287 levels.

The pullback saw Litecoin fall back through the third major resistance level at $296.

At the time of writing, Litecoin was down by 0.66% to $292.97. A mixed start to the day saw Litecoin rise to an early morning high $297.98 before falling to a low $292.46.

Litecoin left the major support and resistance levels untested early on.

LTCUSD 040521 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $288 pivot level to support a run at the first major resistance level at $307.

Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $299.71.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another breakout, Litecoin could test resistance at $320. The second major resistance level sits at $319.

Failure to avoid a fall through the $288 pivot level would bring the first majors support level at $276 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$270 levels and the 23.6% FIB of $262. The second major support level sits at $257.

Looking at the Technical Indicators

First Major Support Level: $276

Pivot Level: $307

First Major Resistance Level: $276

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP slipped by 0.59% on Monday. Following on from a 5.72% slide on Sunday, Ripple’s XRP ended the day at $1.55255.

A bullish start to the day saw Ripple’s XRP rise an early morning intraday high $1.62204 before hitting reverse.

Falling short of the first major resistance level at $1.6379, Ripple’s XRP slid to an early afternoon intraday low $1.50399.

The sell-off saw Ripple’s XRP fall through the 23.6% FIB of $1.5426

Finding support at the first major support level at $1.5064, Ripple’s XRP broke back through the 23.6% FIB to revisit $1.58 levels before easing back.

At the time of writing, Ripple’s XRP was down by 2.32% to $1.51655. A bearish start to the day saw Ripple’s XRP slide from an early morning high $1.55784 to a low $1.51345.

While steering clear of the major support and resistance levels, Ripple’s XRP fell back through the 23.6% FIB early on.

XRPUSD 040521 Hourly Chart

For the day ahead

Ripple’s XRP will need to move back through the 23.6% FIB of $1.5426 and the $1.5595 pivot level to bring the first major resistance level at $1.6151 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.60 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $1.62204 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $1.70. The second major resistance level sits at $1.6776.

Failure to move back through the 23.6% FIB and the $1.5595 pivot would bring the first major support level at $1.4970 into play.

Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.40 levels. The second major support level at $1.4415 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.4970

Pivot Level: $1.6151

First Major resistance Level: $1.6379

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

Please let us know what you think in the comments below.

Thanks, Bob

Buy Ethereum with Binance

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 3rd, 2021

Ethereum

Ethereum rose by 0.11% on Sunday. Following a 6.20% rally on Saturday, Ethereum ended the week up by 27.13% to $2,952.09.

A mixed start to the day saw Ethereum fall to a late morning intraday low $2,855.29 before making a move.

Steering clear of the first major support level at $2,819, Ethereum rallied to a late intraday high and a new swing hi $2,986.00.

Falling short of the first major resistance level at $3,017, Ethereum eased back to end the day at $2,950 levels.

At the time of writing, Ethereum was up 3.60% to $3,058.50. A bullish start to the day saw Ethereum rise from an early morning low $2,952.08 to a new swing hi $3,060.91.

Ethereum broke through the first major resistance level at $3,007 early on.

ETHUSD 030521 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall back through the first major resistance level at $3,007 to support another run at the second major resistance level at $3,062.

Support from the broader market would be needed, however, for Ethereum to break out from this morning’s new swing hi $3,060.91.

Barring an extended crypto rally, the second major resistance level would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at $3,100. The third major resistance level sits at $3,193.

Failure to avoid a fall back through firsts major resistance level would bring the $2,931 pivot and the first major support level at $2,876 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,800 levels. The second major support level at $2,800 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,876

Pivot Level: $2,931

First Major Resistance Level: $3,007

23.6% FIB Retracement Level: $2,300

38.2% FIB Retracement Level: $1,876

62% FIB Retracement Level: $1,191

Litecoin

Litecoin fell by 2.86% on Sunday. Partially reversing a 1.99% gain from Saturday, Litecoin ended the week up by 20.04% to $269.10.

A mixed start to the day saw Litecoin rise to an early morning intraday high $277.64 before hitting reverse.

Falling short of the first major resistance level at $282, Litecoin slid to a late morning intraday low $265.00.

Litecoin fell through the first major support level at $269 before finding support.

Steering clear of the 23.6% FIB of $262, Litecoin broke back through the first major support level to revisit $272 levels before easing back.

At the time of writing, Litecoin was up by 1.67% to $273.59. A bullish start to the day saw Litecoin rise from an early morning low $268.64 to a high $274.77

Litecoin left the major support and resistance levels untested early on.

LTCUSD 030521 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall back through the $271 pivot level to support a run at the first major resistance level at $276.

Support from the broader market would be needed, however, for Litecoin to break out $275 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $280 would likely cap any upside.

In the event of another breakout, Litecoin could test resistance at $290. The second major resistance level sits at $283.

Failure to avoid a fall back through the $271 pivot level would bring the first majors support level at $264 and the 23.6% FIB of $262 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$260 levels. The second major support level sits at $258.

Looking at the Technical Indicators

First Major Support Level: $264

Pivot Level: $271

First Major Resistance Level: $276

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP slid by 5.72% on Sunday. Reversing a 3.31% gain from Saturday, Ripple’s XRP ended the week up by 51.33% to $1.56244.

A bearish start to the day saw Ripple’s XRP fall from an early morning intraday high $1.65732 to an early morning intraday low $1.52578.

Ripple’s XRP fell through the first major support level at $1.5645 and the 23.6% FIB of $1.5426 before finding support.

Steering clear of sub-$1.50 support levels, Ripple’s XRP revisited $1.60 levels before easing back.

The late pullback saw Ripple’s XRP fall back through the first major support level to end the day at $1.562 levels.

At the time of writing, Ripple’s XRP was up by 2.77% to $1.60576. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.5550 before rising to a high $1.62204.

Ripple’s XRP left the major support and resistance levels untested early on.

XRPUSD 030521 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall back through the $1.5818 pivot level to bring the first major resistance level at $1.6379 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from this morning’s high $1.62204.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $1.65732 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test the second major resistance level at $1.7134.

Failure to avoid a fall back through the $1.5818 pivot would bring the 23.6% FIB of $1.5426 and the first major support level at $1.5064 into play.

Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.50 levels. The second major support level sits at $1.4503.

Looking at the Technical Indicators

First Major Support Level: $1.5064

Pivot Level: $1.5818

First Major resistance Level: $1.6379

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

Please let us know what you think in the comments below.

Thanks, Bob

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The Crypto Daily – Movers and Shakers – May 3rd, 2021

Bitcoin, BTC to USD, fell by 2.02% on Sunday. Reversing a 0.25% gain from Saturday, Bitcoin ended the week up by 15.22% to $56,605.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $57,900.0 before hitting reverse.

Falling short of the first major resistance level at $58,400, Bitcoin fell to a mid-morning intraday low $56,050.0.

Bitcoin fell through the first major support level at $57,074 before briefly revisiting $57,300 levels.

Failing to move back into positive territory, Bitcoin fell back through the first major support level to end the day at sub-$57,000 levels.

The near-term bullish trend remained intact supported by the return to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Sunday.

Polkadot rose by 1.39% to lead the way, with Binance Coin (+0.21%), Ethereum (+0.11%) also finding support.

It was a bearish day for the rest of the majors, however.

Ripple’s XRP slid by 5.72% to lead the way down, with Chainlink ending the day down by 4.27%.

Bitcoin Cash SV (-2.17%), Cardano’s ADA (-1.84%) and Crypto.com Coin (-2.93%), and Litecoin (-2.86%) also struggled.

In the week, the crypto total market fell to a Monday low $1,778bn before rising to a Saturday high $2,229bn. At the time of writing, the total market cap stood at $2,208bn.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Sunday low 48.76%. At the time of writing, Bitcoin’s dominance stood at 49.01%.

This Morning

At the time of writing, Bitcoin was up by 2.05% to $57,762.6. A bullish start to the day saw Bitcoin rise from an early morning low $56,574.0 to a high $58,279.0 before easing back.

Bitcoin broke through the first major resistance level at $57,653 early on.

Elsewhere, it was a bullish start to the day.

At the time of writing, Ethereum and Ripple’s XRP were up by 3.16% and by 3.07% respectively to lead the way.

BTCUSD 030521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the first major resistance level at $57,653 to bring the second major resistance level at $58,702 into play.

Support from the broader market would be needed for Bitcoin to breakout from the morning high $58,279.0.

Barring an extended crypto rally, the second major resistance level would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The third major resistance level sits at $60,552.

A fall back through the first major resistance level would bring the pivot at $56,852 and the first major support level at $55,803 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level at $55,002 should limit the downside.

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The Crypto Daily – Movers and Shakers – May 2nd, 2021

Bitcoin, BTC to USD, rose by 0.25% on Saturday. Consolidating Friday’s 7.59% gain, Bitcoin ended the day at $57,774.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $58,326.0 before hitting reverse.

Falling short of the first major resistance level at $59,260, Bitcoin fell to a mid-afternoon intraday low $57,000.0.

Steering clear of the first major support level at $54,534, Bitcoin revisited $57,900 levels before easing back.

The near-term bullish trend remained intact supported by the return to $58,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Saturday.

Binance Coin (-0.43%), Cardano’s ADA (-0.13%), and Crypto.com Coin (-2.35%) saw red to buck the trend on the day.

It was a bullish day for the rest of the majors, however.

Bitcoin Cash SV rallied by 12.35% to lead the way, with Chainlink and Ethereum seeing gains of 8.13% and 6.20% respectively.

Litecoin (+1.99%), Polkadot (+0.89%, and Ripple’s XRP (+3.31%) also avoided the red.

In the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Saturday high $2,229bn. At the time of writing, the total market cap stood at $2,188bn.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Saturday low 49.10%. At the time of writing, Bitcoin’s dominance stood at 49.24%.

This Morning

At the time of writing, Bitcoin was down by 0.43% to $57,527.0. A mixed start to the day saw Bitcoin rise to an early morning high $57,900.0 before falling to a low $57,461.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.79%), Crypto.com Coin (+0.89%), and Polkadot (+0.19%) found early support to buck the trend.

It was a bearish start for the rest of the majors, however.

At the time of writing, Ripple’s XRP was down by 1.55% to lead the way down.

BTCUSD 020521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through $57,700 pivot to bring the first major resistance level at $58,400 into play.

Support from the broader market would be needed for Bitcoin to break back through to $58,000 levels.

Barring an extended crypto rally, the first major resistance level and Saturday’s $58,326 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,026.

Failure to move back through the $57,700 pivot would bring the first major support level at $57,074 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$56,000 levels. The second major support level at $56,374 should limit the downside.

The Crypto Daily – Movers and Shakers – May 1st, 2021

Bitcoin, BTC to USD, rallied by 7.59% on Friday. Reversing a 2.36% loss from Thursday, Bitcoin ended the month down by 1.98% to $57,630.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $53,068.0 before making a move.

Steering clear of the first major support level at $52,221, Bitcoin rallied to a late intraday high $57,611.0.

Bitcoin broke through the first major resistance level at $55,066 and the second major resistance level at $56,567.

Falling short of $58,000 levels, however, Bitcoin eased back to end the day at sub-$57,600 levels.

The near-term bullish trend remained intact supported by the return to $57,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Polkadot bucked the trend, falling by 5.80%.

It was a bullish end to the month for the rest of the majors, however.

Ripple’s XRP rallied by 14.39% to lead the way.

Binance Coin (+3.89%), Bitcoin Cash SV (+5.96%), Cardano’s ADA (+3.68%), Chainlink (+4.65%), Crypto.com Coin (+5.32%), and Litecoin (+6.30%) also made solid gains.

Ethereum (+0.64%) trailed the front runners, however.

For the month of April, it was a mixed month for the majors.

Crypto.com Coin joined Bitcoin in the red, with a 6.49% loss.

It was a bullish month for the rest of the majors, however.

Ripple’s XRP and Binance Coin surged by 180.63% and by 106.01% respectively to lead the way.

Bitcoin Cash SV (+36.87%), Chainlink (+29.83%), Ethereum (+44.61%), and Litecoin (+37.93%) also found particularly strong support, with Cardano’s ADA gaining 13.61%.

Polkadot saw a modest gain of 0.22%, however.

In the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Friday high $2,193bn. At the time of writing, the total market cap stood at $2,154bn.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Thursday low 49.18%. At the time of writing, Bitcoin’s dominance stood at 50.28%.

This Morning

At the time of writing, Bitcoin was up by 0.28% to $57,794.0. A mixed start to the day saw Bitcoin fall to an early morning low $57,350.0 before rising to a high $57,930.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Crypto.com Coin (+0.36%), Litecoin (+0.46%), and Polkadot (+0.22%) joined Bitcoin in the green early on.

It was a bearish start for the rest of the majors, however.

At the time of writing, Binance Coin was down by 0.77% to lead the way down.

BTCUSD 010521 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $56,164 pivot to bring the first major resistance level at $59,260 into play.

Support from the broader market would be needed for Bitcoin to break out from $58,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $60,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the swing hi $64,829. The second major resistance level sits at $60,890.

Failure to avoid a fall through the $56,164 would bring the first major support level at $54,334 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$54,000 levels. The second major support level sits at $51,438.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 1st, 2021

Ethereum

Ethereum rose by 0.64% on Friday. Following a 0.27% gain from Thursday, Ethereum ended the month up by 44.61% to $2,776.45.

A mixed start to the day saw Ethereum fall to an early morning intraday low $2,727.00 before making a move.

Steering clear of the first major support level at $2,687, Ethereum rallied to a late morning intraday high $2,800.00.

Falling short of the first major resistance level at $2,815, Ethereum fell back to sub-$2,730 levels before finding support.

Thursday’s new swing hi $2,800.00 pinned Ethereum back on the day.

At the time of writing, Ethereum was up by 0.15% to $2,780.54. A mixed start to the day saw Ethereum fall to an early morning low $2,766.67 before rising to a high $2,781.39.

Ethereum left the major support and resistance levels untested early on.

ETHUSD 010521 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $2,768 to support a run at the first major resistance level at $2,809.

Support from the broader market would be needed, however, for Ethereum to break out from the new swing hi $2,800.

Barring an extended crypto rally, the first major resistance level and Friday’s high $2,800 would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at $2,900. The second major resistance level sits at $2,841.

Failure to avoid a fall through the $2,768 pivot would bring the first major support level at $2,736 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,700 levels. The second major support level sits at $2,695.

Looking at the Technical Indicators

First Major Support Level: $2,736

Pivot Level: $2,768

First Major Resistance Level: $2,809

23.6% FIB Retracement Level: $2,158

38.2% FIB Retracement Level: $1,761

62% FIB Retracement Level: $1,119

Litecoin

Litecoin rose by 6.30% on Friday. Reversing a 1.27% decline from Thursday, Litecoin ended the month up by 37.93% to $271.59.

A mixed start to the day saw Litecoin fall to an early morning intraday low $252.74 before making a move.

Steering clear of the first major support level at $249, Litecoin rose to a late intraday high $273.87.

Litecoin broke through the 23.6% FIB of $262, the first major resistance level at $263, and the second major resistance level at $270.

Falling short of the third major resistance level at $284, Litecoin eased back to end the day at sub-$272 levels.

At the time of writing, Litecoin was up by 0.30% to $272.40. A mixed start to the day saw Litecoin fall to an early morning low $270.65 before rising to a high $273.00.

Litecoin left the major support and resistance levels untested early on.

LTCUSD 010521 Hourly Chart

For the day ahead

Litecoin would need to avoid the $266 pivot level to support a run at the first major resistance level at $279.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $273.87.

Barring an extended crypto rally, the first major resistance level and resistance at $280 would likely cap any upside.

In the event of another breakout, Litecoin could test resistance at $300. The second major resistance level sits at $287.

Failure to avoid a fall through the $266 pivot level would bring the 23.6% FIB of $262 and the first majors support level at $258 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$250 levels. The second major support level sits at $245.

Looking at the Technical Indicators

First Major Support Level: $258

Pivot Level: $266

First Major Resistance Level: $279

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP jumped by 14.39% on Friday. Reversing a 2.90% loss from Thursday, Ripple’s XRP ended the month up by 180.63% to $1.60042.

After a mixed start to the day, Ripple’s XRP fall to an early morning intraday low $1.37663 before making a move.

Steering clear of the first major support level at $1.3463, Ripple’s XRP rallied to a mid-day intraday high $1.63938.

Ripple’s XRP broke through the day’s major resistance levels and the 23.6% FIB of $1.5426 to end the day at $1.60 levels.

At the time of writing, Ripple’s XRP was up by 1.19% to $1.61946. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.59607 before rising to a high $1.62787.

Ripple’s XRP left the major support and resistance levels untested early on.

XRPUSD 010521 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the 23.6% FIB of $1.5426 and the $1.5388 pivot level to bring the first major resistance level at $1.7010 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $1.63938.

Barring an extended crypto rally, the first major resistance level at $1.7010 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test the second major resistance level at $1.8016.

Failure to avoid a fall through the 23.6% FIB and the $1.5388 pivot would bring the first major support level at $1.4382 into play.

Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.40 levels and the 38.2% FIB of $1.2807. The second major support level sits at $1.2761.

Looking at the Technical Indicators

First Major Support Level: $1.4382

Pivot Level: $1.5388

First Major resistance Level: $1.7010

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

Please let us know what you think in the comments below.

Thanks, Bob

The Crypto Daily – Movers and Shakers – April 30th, 2021

Bitcoin, BTC to USD, fell by 2.36% on Thursday. Following on from a 0.33% decline on Wednesday, Bitcoin ended the day at $53,566.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $55,222.0 before hitting reverse.

Falling short of the first major resistance level at $56,222, Bitcoin slid to a late intraday low $52,377.0.

The sell-off saw Bitcoin fall through the first major support level at $53,707 and the second major support level at $52.554.

Finding late support, however, Bitcoin broke back through the second major support level to end the day at $53,500 levels.

The near-term bullish trend remained intact supported by the partial recovery to $55,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Thursday.

Binance Coin and Polkadot rose by 6.60% and by 8.49% respectively to lead the way.

Chainlink (+0.59%), Ethereum (+0.27%), and Ripple’s XRP (+2.90%) also found support.

It was a bearish day for the rest of the majors, however.

Bitcoin Cash SV (-0.73%), Cardano’s ADA (-2.37%), Crypto.com Coin (-1.01%), and Litecoin (-1.27%) joined Bitcoin in the red.

In the current week, the crypto total market fell to a Monday low $1,778bn before rising to a Wednesday high $2,124bn. At the time of writing, the total market cap stood at $2,013bn.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Thursday low 49.20%. At the time of writing, Bitcoin’s dominance stood at 49.45%.

This Morning

At the time of writing, Bitcoin was down by 0.59% to $53,250.0. A mixed start to the day saw Bitcoin rise to an early morning high $53,638.0 before falling to a low $53,068.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bearish start to the day.

At the time of writing, Binance Coin and Crypto.com Coin were down by 1.73 and by 1.77% respectively to lead the way down.

BTCUSD 300421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the $53,722 pivot to bring the first major resistance level at $55,066 into play.

Support from the broader market would be needed for Bitcoin to break out from $54,500 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $55,222.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $58,000 before any pullback. The second major resistance level sits at $56,567.

Failure to move through the $53,722 would bring the first major support level at $52,221 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $50,877 and the 23.6% FIB of $50,473.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 30th, 2021

Ethereum

Ethereum rose by 0.27% on Thursday. Following on from a 3.14% gain on Wednesday, Ethereum ended the day at $2,758.92.

A mixed start to the day saw Ethereum fall to a mid-morning intraday low $2,672.00 before making a move.

Steering clear of the first major support level at $2,614, Ethereum rallied to a mid-day intraday high and a new swing hi $2,800.00.

Falling short of the first major resistance level at $2,826, Ethereum fell back to sub-$2,700 levels and into the red.

Finding late support, Ethereum revisited $2,770 levels before easing back.

At the time of writing, Ethereum was down by 0.16% to $2,754.64. A mixed start to the day saw Ethereum rise to an early morning high $2,770.00 before falling to a low $2,753.84.

Ethereum left the major support and resistance levels untested early on.

ETHUSD 300421 Hourly Chart

For the day ahead

Ethereum would need to avoid the pivot level at $2,744 to support a run at the first major resistance level at $2,815.

Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s new swing hi $2,800.00.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at $3,000. The second major resistance level sits at $2,872.

Failure to avoid the $2,744 pivot would bring the first major support level at $2,687 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,600 levels. The second major support level at $2,616 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,687

Pivot Level: $2,744

First Major Resistance Level: $2,815

23.6% FIB Retracement Level: $2,158

38.2% FIB Retracement Level: $1,761

62% FIB Retracement Level: $1,119

Litecoin

Litecoin fell by 1.27% on Thursday. Following on from a 0.45% decline on Wednesday, Litecoin ended the day at $255.51.

A mixed start to the day saw Litecoin fall to a mid-morning low $250.51 before making a move,

Steering clear of the first major support level at $249, Litecoin rose to a mid-day intraday high $262.99.

While falling short of the first major resistance level at $268, Litecoin broke through the 23.6% FIB of $262 before hitting reverse.

The reversal saw Litecoin fall to a late intraday low $248.75. Finding support at the first major support level at $249, Litecoin moved back through to $255 levels to limit the loss.

At the time of writing, Litecoin was down by 0.32% to $254.69.  mixed start to the day saw Litecoin rise to an early morning high $255.73 before falling to a low $254.69.

Litecoin left the major support and resistance levels untested early on.

LTCUSD 300421 Hourly Chart

For the day ahead

Litecoin would need to move through the $256 pivot level to support a run at the 23.6% FIB of $262 and the first major resistance level at $263.

Support from the broader market would be needed, however, for Litecoin to break back through to $260 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $265 would likely cap any upside.

In the event of a bounce back, Litecoin could test resistance at $280. The second major resistance level sits at $270.

Failure to move through the $256 pivot level would bring the first majors support level at $249 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$240 levels. The second major support level at $242 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $249

Pivot Level: $256

First Major Resistance Level: $263

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP rose by 2.90% on Thursday. Partially reversing a 3.10% gain from Wednesday, Ripple’s XRP ended the day at $1.39984.

After a mixed start to the day, Ripple’s XRP fall to an early morning intraday low $1.32904 before making a move.

Steering clear of the first major support level at $1.2810, Ripple’s XRP rose to a late morning intraday high $1.41900.

Falling short of the first major resistance level at $1.4440, Ripple’s XRP fell back to sub-$1.35 levels and into the red.

Finding late support, however, Ripple’s XRP moved back through to $1.39 levels to deliver the upside on the day.

At the time of writing, Ripple’s XRP was down by 0.67% to $1.39046. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.40363 before falling to a low $1.39046.

Ripple’s XRP left the major support and resistance levels untested early on.

XRPUSD 300421 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $1.3826 pivot level to bring the first major resistance level at $1.4362 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Thursday’s high $1.41900.

Barring an extended crypto rally, the first major resistance level and resistance at $1.45 would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test resistance at $1.50 before any pullback. The second major resistance level sits at $1.4726.

Failure to avoid a fall through the $1.3826 pivot would bring the first major support level at $1.3463 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.30 levels. The second major support level sits at $1.2927.

Looking at the Technical Indicators

First Major Support Level: $1.3463

Pivot Level: $1.3826

First Major resistance Level: $1.4362

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

Please let us know what you think in the comments below.

Thanks, Bob

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 29th, 2021

Ethereum

Ethereum rose by 3.14% on Wednesday. Following on from a 5.31% gain on Tuesday, Ethereum ended the day at $2,751.59.

A mixed start to the day saw Ethereum to a mid-morning intraday low $2,551.00 before making a move.

Steering clear of the first major support level at $2,541, Ethereum rallied to a late intraday high and a new swing hi $2,762.59.

Ethereum broke through the first major resistance level at $2,739 before easing back.

At the time of writing, Ethereum was down by 0.11% to $2,748.46. A mixed start to the day saw Ethereum fall to an early morning low $2,732.14 before rising to a high $2,759.00.

Ethereum left the major support and resistance levels untested early on.

ETHUSD 290421 Hourly Chart

For the day ahead

Ethereum would need to avoid the pivot level at $2,688 to support a run at the first major resistance level at $2,826.

Support from the broader market would be needed, however, for Ethereum to break out from Wednesday’s new swing hi $2,762.59.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at $3,000. The second major resistance level sits at $2,900.

Failure to avoid the $2,688 pivot would bring the first major support level at $2,614 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,400 levels. The second major support level at $2,477 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,614

Pivot Level: $2,688

First Major Resistance Level: $2,826

23.6% FIB Retracement Level: $2,130

38.2% FIB Retracement Level: $1,738

62% FIB Retracement Level: $1,105

Litecoin

Litecoin fell by 0.45% on Wednesday. Partially reversing a 5.12% gain from Tuesday, Litecoin ended the day at $258.81.

A bullish start to the day saw Litecoin rise to an early morning intraday high $267.00 before hitting reverse.

While falling short of the first major resistance level at $268, Litecoin broke through the 23.6% FIB of $262.

The reversal saw Litecoin saw Litecoin fall to a mid-morning intraday low $248.51.

Finding support at the first major support level at $248, Litecoin revisited $260 levels before easing back into the red.

At the time of writing, Litecoin was down by 0.39% to $257.80. A mixed start to the day saw Litecoin fall to an early morning low $257.00 before rising to a high $259.72.

Litecoin left the major support and resistance levels untested early on.

LTCUSD 290421 Hourly Chart

For the day ahead

Litecoin would need to move back through the $258 pivot level to support a run at the 23.6% FIB of $262 and the first major resistance level at $268.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $267.00.

Barring an extended crypto rally, the first major resistance level and resistance at $270 would likely cap any upside.

In the event of a bounce back, Litecoin could test resistance at $285. The second major resistance level sits at $277.

Failure to move back through the $258 pivot level would bring the first majors support level at $249 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$240 levels. The second major support level at $240 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $249

Pivot Level: $258

First Major Resistance Level: $268

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP fell by 3.10% on Wednesday. Reversing a 2.94% gain from Tuesday, Ripple’s XRP ended the day at $1.35998.

After a mixed start to the day, Ripple’s XRP rise to an early morning intraday high $1.44908 before hitting reverse.

Falling short of the first major resistance level at $1.4682, Ripple’s XRP fell to a mid-morning intraday low $1.28600.

Ripple’s XRP fell through the first major support level at $1.3344 before revisiting $1.40 levels late in the day.

A bearish end to the day, however, saw Ripple’s XRP slide back into the red.

At the time of writing, Ripple’s XRP was up by 0.63% to $1.36856. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.34687 before rising to a high $1.37136.

Ripple’s XRP left the major support and resistance levels untested early on.

XRPUSD 290421 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall back through the $1.3650 pivot level to bring the first major resistance level at $1.4440 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.44 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $1.44908 would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test the second major resistance level at $1.5281 and resistance at the 23.6% FIB of $1.5426.

Failure to avoid a fall back through the $1.3650 pivot would bring the first major support level at $1.2810 and the 38.2% FIB of $1.2807 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.20 levels. The second major support level at $1.2019 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.2810

Pivot Level: $1.3650

First Major resistance Level: $1.4440

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

Please let us know what you think in the comments below.

Thanks, Bob