Cryptocurrency forecast

climbs through first resistance at 47000/47500 for a more positive outlook...as long as we hold up here this weekend.

stable and holding the first resistance at 11170/11340 to keep the outlook negative. The short term moving averages are hitting 3350/3400 for a more positive outlook, initially targeting 3650/3700... which is exactly where we have topped so far this week.

Today's analysis

Bitcoin surpassed the 200 dma at 46000 and strong resistance again at 47000/47500 for a more positive outlook, initially targeting 49000/49200. We should struggle to surpass this level, but shorts are now too risky in my opinion. Further gains ultimately target 50300/800.

First support at 47500/47000. The 200-day moving average at 46000/45700 must hold or the outlook turns negative. Further losses retest 44300/44000.

Ripple holding first resistance at 11170/11340 is retesting Tuesday's low at 10550/10250. Although we have bottomed out right here, I ultimately prefer a break to the downside. Further loss target 9700/9650. If we continue lower we look for 9050/30, perhaps to strong support at 8600/8550.

First resistance at 11170/11340 with strong resistance at 11650/11950. Bulls need to keep prices above 12000 to have a more positive outlook for ne and are targeting 12550/12650 initially.

Ethereum surpassed the short-term moving averages at 3350/3400 for a more positive outlook, initially targeting 3650/3700 ​​(hit), perhaps even 3810/20, before retesting last week's high at 4010/30.

First support at 3400/3350. Second support at 3150/3050.

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