Home Cryptocurrency Bitcoin, Ethereum, Binance Coin Price Analyses

Bitcoin, Ethereum, Binance Coin Price Analyses

by Lottar


Bitcoin Analysis

Bitcoin’s bears rejected a bullish attempt to break out of the bearish control zone on the Relative Strength Index last week, and since then bearish traders have absorbed the rest of the demand. The absorption occurred during the day’s final 4HR candle on Sunday, as bearish BTC traders confirmed a bearish breakdown below $19,891.

BTC’s price saw its lowest level in 42 days on Sunday and when traders settled at Sunday’s close, BTC’s price was -$478.2.

The first chart we look at this week is the BTC/USD 1D chart below from twenty47crypto. BTC’s price is trading between the 0.786 fibonacci [$18,905.05] and 0.618 [$29,651.72]at the time of writing.

The targets for bullish traders on the daily time scale to the upside are 0.618, 0.5 [$37,199.98]0.382 [$44,748.24].

Bearish traders who believe there is more downside on BTC have a primary target of 0.786 [$18,905.05]. Below that level, the next potential support for bullish traders is the 12-month low of $17,611.

The fear and greed index is 24 Extreme Fear and is -4 from Sunday’s reading of 28 Fear.

Bitcoin’s moving averages: 5-day [$21,318.99]20 days [$22,859.9]50 days [$21,856.04]100 days [$27,385.68]200 days [$35,972.37]Year to date [$33,261.23].

BTC’s 24-hour price range is $19,540-$20,169 and its 7-day price range is $19,540-$21,753.13. Bitcoin’s 52-week price range is $17,611-$69,044.

The price of bitcoin on this date last year was $48,800.

The average price of BTC for the last 30 days is $22,747.3 and its -6% over the same duration.

Bitcoin’s price [-2.39%] Sunday’s daily candle closed at $19,557.8 and in the red for a third day in a row.

Ethereum Analysis

Ether’s price had the worst day of the projects covered today and ETH closed its daily candle on Sunday – $64.56.

Today’s second chart is the ETH/USD 4HR chart below Ryoda Brainless. Ether’s price is trading between the 0.786 fib level [$1,457.59] and 0.618 [$1,581.11]at the time of writing.

The immediate target of bullish ETH market participants is 0.618 with a secondary target of 0.5 [$1,667.87]. The third target to the upside for bulls is 0.382 [$1,754.63] and the fourth target is 0.236 [$1,861.98].

The downside targets for bearish Ether traders are 0.786, and the 1 fib level [$1,300.25]. If bearish ETH traders are able to penetrate the $1,300 level to the downside, Ether’s price could see another drastic decline as that level is the last level of support for its ascending channel on the 4HR time scale.

Ether’s moving averages: 5-day [$1,635.13]20 days [$1,736.88]50 days [$1,464.54]100 days [$1,861.65]200 days [$2,589.97] Year to date [$2,319.63].

ETH’s 24 hour price range is $1,422.67-$1,511 and its 7 day price range is $1,422.67-$1,713.59. Ether’s 52-week price range is $883.62-$4,878.

The price of ETH on this date last year was $3,221.81.

The average price of ETH for the last 30 days is $1,713.76 and its +2.37% over the same time frame.

Ether’s price [-4.33%] closed its daily candle at $1,426.2 on Sunday and in the red for the third consecutive day.

Binance Coin Analysis

Binance Coin’s price is also trending lower and when Sunday’s daily session closed, BNB’s price was -$1.30.

The final chart to round out Monday’s price analysis is the BNB/USD 4HR chart below from AntoniaVie. BNB’s price is trading between 0.618 [$277.0] and 0.5 [$288.5]at the time of writing.

Bullish targets overhead for bulls of the BNB market are 0.5, 0.382 [$299.9]0.236 [$314.0]and a complete regression back to 0 [$336.8].

Conversely, the bearish targets on the downside of the 4HR BNB chart are 0.618, 0.702 [$268.9]0.786 [$260.8]and 1 [$240.1].

Binance Coin’s Moving Averages: 5-Day [$296.94]20 days [$307.07]50 days [$267.37]100 days [$300.52]200 days [$398.04]Year to date [$344.62].

Binance Coin’s 24-hour price range is $274.4-$284.1 and its 7-day price range is $274.4-$305.34. BNB’s 52-week price range is $184.1-$666.8.

Binance Coin’s price on this date last year was $479.8.

The average price of BNB over the last 30 days is $301.72 and its +13.24% over the same period.

The price of Binance Coin [-0.47%] closed its daily session at $276.5 on Sunday and in negative numbers for the third consecutive day.





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