Bitcoin has seen a steep 13% price increase over the past seven days which has allowed it to break above the $ 13,000 level. In early October, Bitcoin managed to penetrate above a symmetrical triangle which was the first sign that a bullish race was about to form.
After the breakout, he managed to push as high as $ 11,600 before pausing. On Friday, Bitcoin was trading at around $ 11,200 as it rebounded and began to push higher. It quickly hit the $ 12,000 level and broke through here on Wednesday. The coin continued to rise until resistance was met at $ 13,000, where it is currently trading.
Looking ahead, once buyers break out of $ 13,000, the first resistance level stands at $ 13,200. Beyond that, the resistance lies at $ 13,416 (1,414 Fib Extension), $ 13,500, $ 13,600, $ 13,815 and $ 14,000.
On the other hand, the first support level is found at $ 12,550 (.236 Fib Retracement). Below that, support is found at $ 12,400, $ 12,125 (.382 Fib Retracement), $ 12,000 and $ 11,800 (.5 Fib Retracement).
Ethereum saw a strong 10.5% price increase this week, surpassing $ 400 to hit $ 418 today. On Friday, Ethereum rebounded from its 2019 high at $ 264 and pushed higher on the short-term downtrend line.
Ethereum continued to break this trend line on Wednesday, rising to $ 400. Yesterday, buyers pushed above $ 400 to reach resistance at $ 421.50 (1,414 Fib Extension). Unfortunately, it was not possible to close the daily candle above the resistance below $ 416 (bearish retracement .618 Fib).
Moving forward, if buyers break the resistance at $ 421.50, the highest resistance is found at $ 434 (1.618 FIb Extension), $ 439 (Aug 2018 highs) and $ 445 (bearish .786 Fib Retracement). Above $ 450, the added resistance is found at $ 462 (bearish retracement 0.886 Fib) and $ 476.
On the other hand, the first support level is at $ 410. This is followed by support at $ 400, $ 389 (.382 Fib), $ 377 (.5 Fib) and $ 364 (2019 high).
Against Bitcoin, Ethereum struggled this week. On Tuesday, the currency fell below a symmetrical triangle as it fell below the 100-day EMA. It continued to fall during the week until it reached support at 0.0305 BTC on Wednesday.
It managed to bounce off the support at 0.0305 BTC as it reached 0.0321 BTC today (100-day EMA).
Looking ahead, if the bulls push higher, the first resistance level is located at 0.0327 BTC (bearish 0.236 Fib). Above this, resistance is found at 0.0337 BTC (March 2019 support), 0.0341 BTC (bearish .382 Fib), 0.035 BTC and 0.0353 (bearish 0.5 Fib).
On the other hand, support is found at 0.032 BTC, 0.0311 BTC, 0.031 BTC and 0.0305 BTC. The added support is found at 0.03 BTC and 0.0295 BTC (200-day EMA).
Ripple saw a lower price increase of 4.7% this week, trading at $ 0.0257. The coin managed to break out of a symmetrical triangle during the week but failed to close a daily candle above the $ 0.261 resistance (0.5 Fib bearish retracement). Buyers must close above this resistance for XRP to start a short-term bullish trend.
Going forward, if the bulls manage to close above $ 0.261, the highest resistance is at $ 0.271 (bearish Fibonacci 0.618), $ 0.28, $ 0.286 (bearish Fibonacci 0.786) and $ 0.295 (bearish Fibonacci 0.886).
On the other hand, support is first expected at $ 0.25. This is followed by support at $ 0.245 (200-day EMA), $ 0.24 and $ 0.237 (200-day EMA).
The situation is quite dire for XRP versus Bitcoin. The coin fell from over the 2100 SAT earlier in the week as it headed down to break below the 2000 SAT and hit the 1915 SAT.
The bulls managed to defend the support at the 1960 SAT, where the daily candle closed and allowed it to bounce back to the current 1983 SAT level.
Looking ahead, if the bulls move above 2000 SAT, the resistance lies at 2035 SAT, 2130 SAT, 2200 SAT and 2260 SAT.
On the other hand, support is found at 1960 SAT, 1915 SAT, 1865 SAT and 1800 SAT.
Bitcoin Cash saw a 4% price hike this week, reaching resistance of $ 278 today (bearish .382 Fib). The coin rose from $ 240 during the week, which allowed it to create a new October high at $ 278 today.
Looking ahead, if buyers continue above $ 278, resistance would be found at $ 285 (1,272 Fib Extension), $ 294 (1,414 Fib Extension), $ 300 and $ 307.
On the other hand, support is first expected at $ 270. Below that, support is found at $ 265, $ 260, $ 250, and $ 240.
Against Bitcoin, BCH fell from 0.022 BTC to reach the September support of 0.02 BTC during the week. From there, it bounced higher to trade at the current 0.021 BTC level.
Moving forward, if buyers push above 0.021 BTC, the resistance stands at 0.022 BTC and 0.023 BTC. Additional resistance is therefore expected at 0.0241 BTC (0.236 Fib bearish), 0.025 BTC and 0.026 BTC.
On the other hand, the first support level is found at 0.02 BTC. Below that, support is found at 0.0191 BTC (downside 1.272 Fib), 0.019 BTC and 0.0181 BTC.
Litecoin has seen a serious 12% price hike in the past week as it reached resistance at $ 56 today, provided by a bearish .5 Fib retracement. The coin found support last week at the $ 46.83 level and bounced from there on Wednesday to reach the current resistance.
If buyers manage to break through the resistance at $ 56 (bearish .5 Fib), greater resistance is found at $ 57.86, $ 59 (bearish .618 Fib), $ 60.27 (1.272 Fib Extension), $ 61 , 91 (1,414 Fib Extension) and $ 63.
On the other hand, the first support level is found at $ 55. Below that, additional support is found at $ 54, $ 52, $ 50, and $ 49.
Against Bitcoin, Litecoin fell to a new 2020 low this week when it hit the support at 0.00391 BTC. From there, the bulls modeled a higher rebound to reach the current resistance at 0.0043 BTC (bearish retracement .236 Fib).
Looking ahead, if buyers can break 0.00343 BTC, the resistance is found at 0.004547 BTC (October highs) first. This is followed by a resistance at 0.00455 BTC, 0.00476 BTC, 0.00488 BTC and 0.005 BTC.
On the other hand, support is first expected at 0.0042 BTC. This is followed by support at 0.0041 BTC, 0.004 BTC and 0.00391 BTC. The additional support is found at 0.0039 BTC and 0.00363 BTC.
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