Bitcoin


The break from the ATH had one close below 23.6% back to the 2018 low, this was 50800, it traded all the way down to the 47850 major Gann square, before closing back above 50800. The rally from there has taken them up to 57700, this is both a major Gann square and 61.8% back to the ATH. Use this as the swing point for now, below it look for 50800 again and with a solid close below this look for the long term swing point of 42250, this is 38.2% back to the 2018 low. Above 57700 look for the 62470 major Gann square and then the long term target of 67700.

Ethereum

Ethereum has hit the 2940.00 long term target. It will take a solid close above it to turn it into the swing point, if so, look for the next long term target of 3600.00, with other major Gann squares to look for resistance at 3119.00, 3334.00 and 3560.00. On a break from 2940.00 look for 2570.00, this is 23.6% back to the 3/1/21 low. On an extended break look for the area of 2325.00 to 2280.00, this has a major Gann square, 38.2% back to the 3/1/21 low and 23.6% back to the 2018 low. The long term swing point has moved up to 1861.00.