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

Trade Crypto with Binance

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.

Buy Crypto with Binance

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

The Crypto Daily – Movers and Shakers – April 28th, 2021

Bitcoin, BTC to USD, rose by 1.76% on Tuesday. Following a 10.12% rally on Monday, Bitcoin ended the day at $55,044.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $53,304.0 before making a move.

Steering clear of the first major support level at $50,493, Bitcoin rallied to a late intraday high $55,437.0.

Falling short of the first major resistance level at $56,049, however, Bitcoin eased back to sub-$55,000 levels before ending the day at $55,000 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 bullish day on Tuesday.

Bitcoin Cash SV rallied by 10.87% to lead the way.

Binance Coin (+6.29%), Cardano’s ADA (+5.57%), Chainlink (+4.62%), Crypto.com Coin (+5.11%), Ethereum (+5.31%), and Litecoin (+5.12%) also found strong support.

Polkadot (+2.35%) and Ripple’s XRP (+2.94%) trailed the front runners, however.

Early in the week, the crypto total market fell to a Monday low $1,778bn before rising to a Tuesday high $2,078bn. At the time of writing, the total market cap stood at $2,057bn.

Bitcoin’s dominance rose to a Monday high 51.73% before falling to a Tuesday low 49.94%. At the time of writing, Bitcoin’s dominance stood at 50.27%.

This Morning

At the time of writing, Bitcoin was up by 0.39% to $55,260.0. A mixed start to the day saw Bitcoin fall to an early morning low $55,010.0 before rising to a high $55,298.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot was down by 0.34% to buck the trend early on.

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

At the time of writing, Ripple’s XRP was up by 1.38% to lead the way.

BTCUSD 280421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $54,595 pivot to bring the first major resistance level at $55,886 into play.

Support from the broader market would be needed for Bitcoin to break out from $55,500 levels.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $57,000 before any pullback. The second major resistance level sits at $56,728.

Failure to avoid a fall through the $54,595 would bring the first major support level at $53,753 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of the 23.6% FIB of $50,473. The second major support level at $52,462 should limit the downside.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 28th, 2021

Ethereum

Ethereum rose by 5.31% on Tuesday. Following on from a 9.11% rally on Monday, Ethereum ended the day at $2,667.86.

A mixed start to the day saw Ethereum fall to an early morning intraday low $2,484.56 before making a move.

Steering clear of the first major support level at $2,379, Ethereum rallied to a late afternoon intraday high and a new swing hi $2,683.00.

Ethereum broke through the first major resistance level at $2,615 before easing back to $2,605 levels.

Finding late support, however, Ethereum broke back through the first major resistance level to end the day at $2,660 levels.

At the time of writing, Ethereum was up by 0.76% to $2,677.12. A bullish start to the day saw Ethereum rise from an early morning low $2,667.66 to a new swing hi $2,688.12

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

ETHUSD 280421 Hourly Chart

For the day ahead

Ethereum would need to avoid the pivot level at $2,612 to support a run at the first major resistance level at $2,739.

Support from the broader market would be needed, however, for Ethereum to break through to $2,700 levels.

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 $2,850. The second major resistance level sits at $2,810.

Failure to avoid the $2,612 pivot would bring the first major support level at $2,541 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,400 levels. The second major support level at $2,413 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,541

Pivot Level: $2,612

First Major Resistance Level: $2,739

23.6% FIB Retracement Level: $2,069

38.2% FIB Retracement Level: $1,689

62% FIB Retracement Level: $1,075

Litecoin

Litecoin rose by 5.12% on Tuesday. Following on from a 10.43% rally on Monday, Litecoin ended the day at $259.96.

A mixed start to the day saw Litecoin fall to an early morning intraday low $243.81 before making a move.

Steering clear of the first major support level at $230, Litecoin rallied to a late afternoon intraday high $264.00.

Litecoin broke through the first major resistance level at $257 and the 23.6% FIB of $262 before falling back to $255 levels.

Finding late support, however, Litecoin broke back through the first major resistance level to end the day at $259 levels.

At the time of writing, Litecoin was up by 0.81% to $262.07. A bullish start to the day saw Litecoin rise from an early morning low $259.92 to a high $262.50.

While leaving the major support and resistance levels untested early on, Litecoin broke through the 23.6% FIB of $262.

LTCUSD 280421 Hourly Chart

For the day ahead

Litecoin would need to avoid the $256 pivot level to support a run at the first major resistance level at $268.

Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $264.00.

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 $276.

Failure to avoid a fall through the $256 pivot level would bring the first majors support level at $248 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$240 levels. The second major support level sits at $236.

Looking at the Technical Indicators

First Major Support Level: $248

Pivot Level: $256

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 rose by 2.94% on Tuesday. Following Monday’s 31.66% breakout, Ripple’s XRP ended the day at $1.40322.

After a mixed start to the day, Ripple’s XRP rise to an early morning intraday high $1.46435 before hitting reverse.

Falling short of the first major resistance level at $1.4861, Ripple’s XRP fell to an early afternoon intraday low $1.33055.

Steering clear of the 38.2% FIB and the major support levels, Ripple’s XRP revisited $1.43 levels before easing back.

At the time of writing, Ripple’s XRP was up by 0.87% to $1.41544. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.40356 to a high $1.41764.

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

XRPUSD 280421 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid the $1.3994 pivot level to bring the first major resistance level at $1.4682 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $1.46435.

Barring an extended crypto rally, the first major resistance level and resistance at $1.50 would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test the second major resistance level at $1.5332 and resistance at the 23.6% FIB of $1.5426.

Failure to avoid a fall through the $1.3994 pivot would bring the first major support level at $1.3344 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 $1.2656.

Looking at the Technical Indicators

First Major Support Level: $1.3344

Pivot Level: $1.3994

First Major resistance Level: $1.4682

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 27th, 2021

Ethereum

Ethereum rallied by 9.11% on Monday. Following on from a 4.78% gain on Sunday, Ethereum ended the day at $2,533.99.

A mixed start to the day saw Ethereum fall to an early morning intraday low $2,306.03 before making a move.

Steering clear of the first major support level at $2,206, Ethereum rallied to a final hour intraday high $2,541.99.

Ethereum broke through the first major resistance level at $2,398 and the second major resistance level at $2,474 to wrap up the day at $2,500 levels.

At the time of writing, Ethereum was down by 0.97% to $2,509.51. A mixed start to the day saw Ethereum rise to an early morning high $2,550.00 before falling to a low $2,506.03.

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

ETHUSD 270421 Hourly Chart

For the day ahead

Ethereum would need to avoid the pivot level at $2,461 to support a run at the first major resistance level at $2,615.

Support from the broader market would be needed, however, for Ethereum to break back through to $2,600 levels.

Barring an extended crypto rally, the first major resistance level and last week’s swing hi $2,646.2 would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at $2,700. The second major resistance level sits at $2,697.

Failure to avoid the $2,461 pivot would bring the first major support level at $2,379 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$2,200 levels. The second major support level at $2,225 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,379

Pivot Level: $2,461

First Major Resistance Level: $2,615

23.6% FIB Retracement Level: $2,041

38.2% FIB Retracement Level: $1,666

62% FIB Retracement Level: $1,061

Litecoin

Litecoin rallied by 10.43% on Monday. Reversing a 0.49% loss from Sunday, Litecoin ended the day at $247.65.

A mixed start to the day saw Litecoin fall to an early morning intraday low $221.25 before making a move.

Steering clear of the first major support level at $212, Litecoin rallied to a late afternoon intraday high $248.36.

Litecoin broke through the first major resistance level at $236.

Coming up against the second major resistance level at $249, Litecoin eased back to $237 levels before ending the day at $247 levels.

At the time of writing, Litecoin was down by 0.69% to $245.94. A mixed start to the day saw Litecoin rise to an early morning high $249.56 before falling to a low $245.78.

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

LTCUSD 270421 Hourly Chart

For the day ahead

Litecoin would need to avoid the $239 pivot level to support a run at the first major resistance level at $257.

Support from the broader market would be needed, however, for Litecoin to break back through to $250 levels.

Barring an extended crypto rally, the first major resistance level and resistance at the 23.6% FIB of $262 would likely cap any upside.

In the event of a bounce back, Litecoin could test resistance at $270. The second major resistance level sits at $266.

Failure to avoid a fall through the $239 pivot level would bring the first majors support level at $230 into play.

Barring another extended sell-off, Litecoin should steer clear of the second major support level at $212. The 38.2% FIB of $217 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $230

Pivot Level: $239

First Major Resistance Level: $257

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP surged by 31.66% on Monday. Reversing a 1.88% fall from Sunday, Ripple’s XRP ended the day at $1.3650.

After a mixed start to the day, Ripple’s XRP fall to an early morning intraday low $1.01639 before making a move.

Steering clear of the first major support level at $0.9307, Ripple’s XRP jumped to a final hour intraday high $1.37241.

Ripple’s XRP broke through the first major resistance level at $1.1449 and the second major resistance level at $1.2573.

The day long rally also saw Ripple’s XRP break back through the 38.2% FIB of $1.2807 to end the day at $1.36 levels.

At the time of writing, Ripple’s XRP was up by 1.57% to $1.38645. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.34166 before rising to a high $1.39395.

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

XRPUSD 270421 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid the 38.2% FIB of $1.2807 and the $1.2513 pivot level to bring the first major resistance level at $1.4861 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.40 levels.

Barring an extended crypto rally, the first major resistance level and resistance at the 23.6% FIB of $1.5426 would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test resistance at $1.70 levels. The second major resistance level sits at $1.6073.

Failure to avoid a fall through the 38.2% FIB and the $1.2513 pivot would bring the first major support level at $1.1301 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 $0.8952.

Looking at the Technical Indicators

First Major Support Level: $1.1301

Pivot Level: $1.2513

First Major resistance Level: $1.4861

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 – The Movers and Shakers – April 26th, 2021

Bitcoin, BTC to USD, fell by 2.03% on Sunday. Following a 1.91% fall on Saturday, Bitcoin ended the week down by 12.54% to $49,129.0.

A mixed start to the day saw Bitcoin break through the 23.6% FIB to strike an early morning high $50,563.0 before hitting reverse.

Falling short of the first major resistance level at $51,291, Bitcoin fell to a late morning low $49,164.0.

While steering clear of the first major support level at $48,942, Bitcoin fell back through the 23.6% FIB of $50,473.

Finding late morning support, however, Bitcoin broke back through the 23.6% FIB to hit an intraday high $50,671.0.

Continuing to fall short of the first major resistance level, Bitcoin slid to a late intraday low $47,112.0.

Falling back through the 23.6% FIB, Bitcoin also fell through the first major support level at $48,942 and the second major support level at $47,722.

Steering clear of sub-$47,000 levels, however, Bitcoin broke back through the major support levels to end the day at $49,100 levels.

The near-term bullish trend remained intact in spite of the latest reversal. 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.

Ethereum and Polkadot rallied by 4.78% and by 5.00% respectively to lead the way.

Binance Coin (+1.68%), Chainlink (+1.22%), and  Crypto.com Coin (+1.76%) also bucked the trend on the day.

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

Bitcoin Cash SV (-1.82%), Cardano’s ADA (-1.18%), Litecoin (-0.49%), and Ripple’s XRP (-1.88%) joined Bitcoin in the red.

It was also a mixed week for the crypto majors.

Binance Coin and Ethereum rose by 4.81% and by 3.60% respectively to buck the trend in the week.

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

Bitcoin Cash SV and Ripple’s XRP slid by 29.49% and by 26.97% respectively to lead the way down.

Cardano’s ADA (-14.67%), Chainlink (-19.02%), Crypto.com Coin (-13.09%), Litecoin (-18.24%), and Polkadot (-8.64%) also struggled, however.

In the week, the crypto total market rose to a Monday high $2,100bn before sliding to a Friday low $1,648bn. At the time of writing, the total market cap stood at $1,832.

Bitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Thursday low 50.03%. At the time of writing, Bitcoin’s dominance stood at 51.18%.

This Morning

At the time of writing, Bitcoin was up by 2.13% to $50,173.8. A mixed start to the day saw Bitcoin fall to an early morning low $48,831.0 before rising to a high $50,439.0.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin fell by 0.81% early on to buck the trend.

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

At the time of writing, Ripple’s XRP was up by 5.25% to lead the way.

BTCUSD 260421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $48,971 pivot to bring the 23.6% FIB of $50,473 and the first major resistance level at $50,829 into play.

Support from the broader market would be needed for Bitcoin to break out from $50,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $51,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $53,000 before any pullback. The second major resistance level sits at $52,530.

Failure to avoid a fall back through the $48,971 would bring the first major support level at $47,270 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$45,000 levels. The second major support level at $45,412 should limit the downside.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 26th, 2021

Ethereum

Ethereum rose by 4.78% on Sunday. Partially reversing a 6.46% slide from Saturday, Ethereum ended the week up by 3.60% to $2,322.16.

Recovering from a late morning intraday low $2,166.00, Ethereum rose to mid-afternoon intraday high $2,358.22 before hitting reverse.

Ethereum broke through the first major resistance level at $2,339 before falling back to sub-$2,200 levels.

Steering clear of the first major support level at $2,126, Ethereum broke back through to $2,300 levels to end the day in the green.

At the time of writing, Ethereum was up by 0.23% to $2,327.50. A mixed start to the day saw Ethereum rise to an early morning high $2,330.91 before falling to a low $2,306.03.

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

ETHUSD 260421 Hourly Chart

For the day ahead

Ethereum would need to avoid the pivot level at $2,282 to support a run at the first major resistance level at $2,398.

Support from the broader market would be needed, however, for Ethereum to break out from $2,350 levels.

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 $2,500 levels. The second major resistance level sits at $2,474.

Failure to avoid the $2,282 pivot would bring the first major support level at $2,206 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$2,000 levels. The second major support level at $2,082 and the 23.6% FIB of $2,041 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,206

Pivot Level: $2,282

First Major Resistance Level: $2,398

23.6% FIB Retracement Level: $2,041

38.2% FIB Retracement Level: $1,666

62% FIB Retracement Level: $1,061

Litecoin

Litecoin fell by 0.49% on Sunday. Following a 6.80% slide from Saturday, Litecoin ended the week down by 18.24% to $224.18.

After a mixed start to the day, Litecoin rose to a late afternoon intraday high $235.86 before hitting reverse.

Falling short of the first major resistance level at $238, Litecoin slid to a late intraday low $211.07.

Litecoin fell through the first major support level at $217 and the 38.2% FIB of $217.

Steering clear of sub-$200 support levels, Litecoin broke back through the first major support level and 38.2% FIB to end the day at $224 levels.

At the time of writing, Litecoin was down by 0.56% to $222.92. A mixed start to the day saw Litecoin rise to an early morning high $224.88 before falling to a low $221.25.

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

LTCUSD 260421 Hourly Chart

For the day ahead

Litecoin would need to move back through the $224 pivot level to support a run at the first major resistance level at $236.

Support from the broader market would be needed, however, for Litecoin to break back through to $230 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $235.86 would likely cap any upside.

In the event of a bounce back, Litecoin could test resistance at $250. The second major resistance level sits at $249.

Failure to move back through the $224 pivot level would bring the 38.2% FIB of $217 and the first major support level at $212 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$200. The second major support level sits at $199.

Looking at the Technical Indicators

First Major Support Level: $212

Pivot Level: $224

First Major Resistance Level: $236

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 1.88% on Sunday. Following a 10.23% tumble on Saturday, Ripple’s XRP ended the week down by 26.97% to $1.03246.

After a mixed start to the day, Ripple’s XRP rose to a late afternoon intraday high $1.15555 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $1.1420 before sliding to a late intraday low $0.94139.

The sell-off saw Ripple’s XRP fall through the first major support level at $0.9928.

Steering clear of sub-$0.94 support levels, Ripple’s XRP broke back through the first major support level to end the day at $1.03 levels.

At the time of writing, Ripple’s XRP was down by 1.40% to $1.0180. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.04299 before falling to a low $1.01639

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

XRPUSD 260421 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $1.0431 pivot level to bring the first major resistance level at $1.1449 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.10 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $1.15555 would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test resistance at the 38.2% FIB of $1.2807. The second major resistance level sits at $1.2573.

Failure to move through the $1.0431 pivot would bring the first major support level at $0.9307 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.8290. The 62% FIB of $0.8573 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.9307

Pivot Level: $1.4031

First Major resistance Level: $1.1449

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 25th, 2021

Bitcoin, BTC to USD, fell by 1.91% on Saturday. Following on from a 1.17% decline on Friday, Bitcoin ended the day at $50,161.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $51,201.0 before hitting reverse.

Falling short of the first major resistance level at $52,993, Bitcoin fell to a late morning intraday low $48,852.0.

While steering clear of the first major support level at $48,422, Bitcoin fell back through the 23.6% FIB of $50,473.

Finding late morning support, however, Bitcoin broke back through the 23.6% FIB to revisit $51,000 levels before easing back.

A bearish end to the day saw Bitcoin fall back through the 23.6% FIB to end the day at sub-$50,200 levels.

The near-term bullish trend remained intact in spite of the latest reversal. 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.

Crypto.com Coin rose by 2.70% to buck the trend on the day.

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

Chainlink and Ripple’s XRP slid by 11.06% and by 10.17% respectively to lead the way down.

Binance Coin (-5.68%), Bitcoin Cash SV (-5.21%), Cardano’s ADA (-4.66%), Ethereum (-6.47%),  Litecoin (-6.77%), and Polkadot (-8.32%) also struggled.

In the current week, the crypto total market rose to a Monday high $2,100bn before sliding to a Friday low $1,648bn. At the time of writing, the total market cap stood at $1,787.

Bitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Thursday low 50.03%. At the time of writing, Bitcoin’s dominance stood at 52.25%.

This Morning

At the time of writing, Bitcoin was up by 0.15% to $50,238.0. A mixed start to the day saw Bitcoin fall to an early morning low $5,0005.0 before rising to a high $50,273.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot was up by 0.25% at the turn of the day to buck the trend.

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

At the time of writing, Crypto.com Coin was down by 3.22% to lead the way down.

BTCUSD 250421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid the $50,071 pivot to bring the 23.6% FIB of $50,473 and the first major resistance level at $51,291 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $51,201.0.

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

In the event of an extended crypto rally, Bitcoin could test resistance at $53,000 before any pullback. The second major resistance level sits at $52,420.

Failure to avoid a fall through the $50,071 pivot would bring the first major support level at $48,942 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$47,000 levels. The second major support level at $47,722 should limit the downside.

The Crypto Daily – Movers and Shakers – April 24th, 2021

Bitcoin, BTC to USD, fell by 1.17% on Friday. Following on from a 3.80% loss on Thursday, Bitcoin ended the day at $51,138.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $52,131.0 before hitting reverse.

Falling short of the first major resistance level at $54,632, Bitcoin tumbled to a late morning intraday low $47,560.0.

Bitcoin fell through the first major support level at $49,710 and the second major support level at $47,678.

More significantly, Bitcoin also fell through the 23.6% FIB of $50,473 before finding support.

Through the rest of the day, Bitcoin broke back through the major support levels and the 23.6% FIB to end the day at $51,100 levels.

The near-term bullish trend remained intact in spite of the latest reversal. 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 another mixed day on Friday.

Binance Coin (+4.42%), Cardano’s ADA (+1.35%), Chainlink (+0.06%), and Ripple’s XRP (+1.29%) bucked the trend on the day.

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

Crypto.com Coin tumbled by 12.19% to lead the way down.

Bitcoin Cash SV (-6.75%) and Litecoin (-4.38%) also saw heavy losses

Ethereum (-1.22%) and Polkadot (-0.92%) saw relatively modest losses on the day.

In the current week, the crypto total market rose to a Monday high $2,100bn before sliding to a Friday low $1,643bn. At the time of writing, the total market cap stood at $1,839.

Bitcoin’s dominance rose to a Tuesday high 54.32% before falling to a Thursday low 50.03%. At the time of writing, Bitcoin’s dominance stood at 51.51%.

This Morning

At the time of writing, Bitcoin was down by 0.85% to $50,705.0. A mixed start to the day saw Bitcoin rise to an early morning high $51,201.0 before falling to a low $50,486.2.

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

Elsewhere, it was a mixed start to the day.

Crypto.com Coin bucked the trend early on, rising by 2.16%.

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

At the time of writing, Ripple’s XRP was down by 2.01% to lead the way down.

BTCUSD 240421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the 23.6% FIB of $50,473 and the $50,276 pivot to bring the first major resistance level at $52,993 into play.

Support from the broader market would be needed for Bitcoin to break back through to $52,000 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $52,131 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $55,000 before any pullback. The second major resistance level sits at $54,487.

Failure to avoid a fall through the 23.6% FIB and the $50,276 pivot would bring the first major support level at $48,422 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$47,000 levels. The second major support level sits at $45,705.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 24th, 2021

Ethereum

Ethereum fell by 1.22% on Friday. Partially reversing a 1.79% gain from Thursday, Ethereum ended the day at $2,370.05.

A mixed start to the day saw Ethereum rise to an early morning intraday high $2,442.29 before hitting reverse.

Falling short of the first major resistance level at $2,596, Ethereum tumbled to an early morning intraday low $2,060.00.

The sell-off saw Ethereum fall through the first major support level at $2,254 and the second major support level at $2,108.

Steering clear of the 23.6% FIB of $2,041, Ethereum broke back through the major support levels to end the day at $2,300 levels.

At the time of writing, Ethereum was down by 1.22% to $2,341.07. A mixed start to the day saw Ethereum rise to an early morning high $2,371.18 before falling to a low $2,337.23.

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

ETHUSD 240421 Hourly Chart

For the day ahead

Ethereum would need to avoid the pivot level at $2,291 to support a run at the first major resistance level at $2,522.

Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $2,442.29.

Barring an extended crypto rally, the first major resistance level and resistance at $2,600 would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at Thursday’s new swing hi $2,646.2. The second major resistance level sits at $2,673.

Failure to avoid a fall through the $2,291 pivot would bring the first major support level at $2,139 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $1,909. The 23.6% FIB of $2,041 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,139

Pivot Level: $2,291

First Major Resistance Level: $2,522

23.6% FIB Retracement Level: $2,041

38.2% FIB Retracement Level: $1,666

62% FIB Retracement Level: $1,061

Litecoin

Litecoin fell by 4.38% on Friday. Following on from a 2.01% decline on Thursday, Litecoin ended the day at $241.67.

A mixed start to the day saw Litecoin rise to an early morning intraday high $257.07 before hitting reverse.

Falling short of the 23.6% FIB of $262 and the first major resistance level at $282, Litecoin slid to an early morning intraday low $207.10.

Litecoin fell through the first major support level at $232 and the second major support level at $211.

The sell-off also saw Litecoin fall through the 38.2% FIB of $217.

Steering clear of sub-$200, Litecoin broke back through the support levels and 38.2% FIB to revisit $243 levels before easing back.

At the time of writing, Litecoin was down by 1.44% to $238.20. A bearish start to the day saw Litecoin fall from an early morning high $241.79 to a low $238.06.

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

LTCUSD 240421 Hourly Chart

For the day ahead

Litecoin would need to avoid the $235 pivot level to support a run at the 23.6% FIB of $262 and the first major resistance level at $264.

Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $257.07.

Barring an extended crypto rally, the first major resistance level and 23.6% FIB 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 $285.

Failure to avoid a fall through the $235 pivot level would bring the 38.2% FIB of $217 and the first major support level at $214 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$200. The second major support level sits at $185.

Looking at the Technical Indicators

First Major Support Level: $214

Pivot Level: $235

First Major Resistance Level: $264

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 1.29% on Friday. Partially reversing a 10.53% tumble on Thursday, Ripple’s XRP ended the day at $1.17113.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.19617 before hitting reverse.

Falling short of the first major resistance level at $1.3535, Ripple’s XRP slid to an early morning intraday low $0.86800.

The sell-off saw Ripple’s XRP fall through the first major support level at $1.0248 and the second major support level at $0.8936.

Steering clear of the 62% FIB of $0.8573, Ripple’s XRP broke back through the major support levels to end the day at $1.17 levels.

At the time of writing, Ripple’s XRP was down by 2.00% to $1.14776. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.17279 before falling to a low $1.14691.

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

XRPUSD 240421 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $1.0784 pivot level to bring the first major resistance level at $1.2889 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the 38.2% FIB of $1.2807.

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

In the event of an extended rally, Ripple’s XRP could test resistance at $1.40 levels. The second major resistance level sits at $1.4066.

Failure to avoid a fall through the $1.0784 pivot would bring the first major support level at $0.9607 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.7503. The 62% FIB of $0.8573 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.9607

Pivot Level: $1.0784

First Major resistance Level: $1.2889

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