Bitcoin is challenging key local resistance levels. A break above resistance could spark a large bullish breakout and a new uptrend that could challenge the previous high near $20,000.
Ethereum’s retracement was shallower than Bitcoin and is therefore in a better position to show a strong bullish that could break the previous high and move towards the -27.2% Fibonacci target. The first obstacle still remains the local resistance zone. Last but not least, Ripple made a strong correction and will most likely test the support Fibs first at 1.00 – 1.15.
Check out the video for the full analysis and trade plans on 22-23 January 2018: