Bitcoin Analysis
Bitcoin’s price finished in green figures by less than 1% on Monday and concluded its daily session +$23.90.
The first chart we’re analyzing today is the BTC/USD 1W chart below from Abdullahi2021. BTC’s price is trading between the 0.786 fibonacci level [$36,418.40] and 0.618 [$42,657.89], at the time of writing.
Track live crypto price of 10000+ coins!
The targets for bullish BTC traders are 0.618, 0.5 [$47,040.40], 0.382 [$51,422.90] and 0.236 [$56,845.32].
If bearish traders get their way and can continue the larger downtrend their targets are 0.786, and 1 [$28,470.47].
The Fear and Greed Index is 27 Fear and is -1 from Monday’s reading of 28 Fear.
Bitcoin’s Moving Averages: 5-Day [$38,885.44], 20-Day [$40,761.05], 50-Day [$41,460.17], 100-Day [$42,337.96], 200-Day [$47,075.24], Year to Date [$41,337.08].
BTC’s 24 hour price range is $37,840-$39,132 and its 7 day price range is $37,777-$40,606. Bitcoin’s 52 week price range is $29,341-$69,044.
The price of bitcoin on this date last year was $57,200.
The average price of BTC for the last 30 days is $41,085.
Bitcoin’s price [+0.06%] closed its daily candle worth $38,520 on Monday and in green figures for a second straight day.
Ethereum Analysis
Ether’s price outpaced bitcoin for the second day in a row by percentage and ETH concluded its daily session +$30.34.
The second chart we’re looking at today is the ETH/USD 1W chart below by Cheesy-Bean_and_Rice-Burrito. Ether’s price is trading between 0.5 [$2,473.95] and 0.382 [$3,038.21], at the time of writing.
Overhead targets for bullish ETH traders are 0.382 followed by 0.236 [$3,736.37].
The targets below for bearish Ether market participants are 0.5, 0.618 [$1,909.69], and 0.786 [$1,106.33].
Ether’s Moving Averages: 5-Day [$2,852.20], 20-Day [$3,035.65], 50-Day [$2,953.40], 100-Day [$3,107.35], 200-Day [$3,381.66], Year to Date [$2,973.49].
ETH’s 24 hour price range is $2,761-$2,873 and its 7 day price range is $2,738-$3,016. Ether’s 52 week price range is $1,719-$4,878.
The price of ETH on this date in 2021 was $3,439.
The average price of ETH for the last 30 days is $3,065.60.
Ether’s price [+1.07%] closed its daily candle on Monday worth $2,855.98 and in green figures for a second consecutive day.
Polkadot Analysis
Polkadot’s price failed to get the price lift that BTC and ETH received from bullish bidders on Monday and wrapped up Monday’s daily session -$0.398.
The third chart we’re looking at today is the DOT/USD 1W chart by YoungSlav. Traders can see that DOT’s price has broken a long-term trend line to the downside.
The fourth chart we’re looking at today is the DOT/USD 1D chart below from knownAccount84951. On the 1D chart DOT’s price is trading between the 0.786 fib level [$14.18] and 0.618 [$15.32].
The targets for bullish DOT traders on the daily timescale are 0.618, 0.5 [$16.12], 0.382 [$16.93].
Conversely, bearish DOT traders are eyeing a break of the 0.786 fib level followed by a target of 1 [$12.72].
Polkadot’s Moving Averages: 5-Day [$16.38], 20-Day [$18.21], 50-Day [$18.64], 100-Day [$21.03], 200-Day [$27.18], Year to Date [$20.01].
Polkadot’s 24 hour price range is $14.64-$15.57 and its 7 day price range is $14.57-$18.24. DOT’s 52 week price range is $10.37-$54.98.
Polkadot’s price on this date last year was $37.31.
The average price of DOT over the last 30 days is $18.51.
Polkadot’s price [-2.59%] closed its daily candle worth $14.97 and in red digits for the third time over the last four days on Monday.
Download MAXBIT Android App, Your best source of all crypto news!
Source link
Share this article:
