The local resistance levels for most coins have been confirmed. The forecasts were confirmed and the scenarios were clarified. It's time to adjust them and update the technical goals. And yes, the last barrier before reaching historical highs has not yet been passed. But that's for now. The main thing is to observe and know what the signal looks like, then it will be seen.
Bitcoin confirmed very clearly the rebound of the resistance level of the side range between the support level of 61.8 on Fibo Expansion (51978.45 dollars per coin) and the resistance level of 100 on Fibo Expansion (55840.78 dollars per coin).
Now, the price has returned to the level of 100 on Fibo Expansion after a decline. This means that either another rebound downwards is possible, or testing this level for strength. With a breakdown and consolidation above, BTC USD will be able to continue to grow to historical highs, and when they are updated to the level of $ 60,000 per coin.
Bitcoin Cash confirmed also once again the resistance level of 551.56, marked with a red dotted line. The decline of BCH USD in the range of 508.94 - 551.56 may have already ended. From the current position, there is a chance that the pair will retest the level of 551.56. If there is a consolidation above this horizontal, the quotes will open the way for growth to the level of 611.50.
Ripple confirmed the local resistance level of 0.4769 (blue line), while the local support of 0.4539 resisted. The current recovery of XRP USD does not exclude another rebound from the level of 0.4769 or its testing for strength. When fixed above this horizontal, the pair will open a path to the level of 0.5564. An alternative scenario is to reduce XRP USD to the support of 0.4071 (red line).
Ethereum has almost reached the upper limit of the technical range between the support level of 1697.27 (red dotted line) and the resistance formed by the level of 61.8 on Fibo Expansion. The expected reversal has occurred, but it is still unclear whether the correction decline has been fully worked out. Now the price is returning to the resistance of 61.8 on Fibo Expansion, which does not exclude a new attempt to break it and consolidate higher. If this scenario comes to pass, ETH USD will open the way to the level of 61.8 on Fibo Expansion.
