The long term target is 24,500 as long as it continues to close above the long term swing point of 16,300. You can use each of the major Gann squares above as a short term swing point once they close above them, they are 18,900, 20,750 and 22,460. With a solid close below 16,300 the first target is 13,000.

Another Cryptocurrency to watch is Ethereum. It has hit the long term target of 590.00. This is 38.2% back to the all-time high and a major Gann square. They are currently trading above it, but the close is what matters and it will take two closes above it to make it the long term swing point. Provided they can do this the next target is 750.00. The first target on a failure from 590.00 is 23.6% back to the 2018 low, this 480.00, there is also 38.2% of the last leg up at 490.00.

Ethereum