Bitcoin Analysis
Bitcoin’s price traded lower during Monday’s session which coincided with major stock market indexes pivoting as well. BTC’s price concluded its session on Monday -$100.4.
We begin our project analyses for this Tuesday with the BTC/USD 1D chart below by Ronya63. BTC’s price is still trading between 0.236 [$17,920.66] and 0 [$25,178.76], at the time of writing.
The overhead target of bullish traders is the 0 fibonacci level where BTC’s price recently topped after two months of positive price action.
The targets below for bearish BTC traders are 0.236, 0.382 [$13,430.49], and 0.5 [$9,801.44].
Bitcoin’s Moving Averages: 5-Day [$22,659.07], 20-Day [$23,178.92], 50-Day [$21,848.08], 100-Day [$28,292.68], 200-Day [$36,725.79], Year to Date [$33,548.41].
The Fear and Greed Index is 28 Fear and is -1 from Monday’s reading of 29 Fear.
BTC’s 24 hour price range is $20,890.2-$21,579.8 and its 7 day price range is $20,890.2-$24,438.65. Bitcoin’s 52 week price range is $17,611-$69,044.
The price of bitcoin on this date last year was $49,538.
The average price of BTC for the last 30 days is $23,002.8 and its -8.9% over the same duration.
Bitcoin’s price [-0.47%] closed its daily candle worth $21,417.1 and in red figures again after a two day reprieve from selling pressure over last weekend.
Ethereum Analysis
Ether’s price outperformed BTC on Monday and when the daily trading session wrapped-up, ETH’s price was +$8.6.
The second chart for analysis today is the ETH/USD 1D chart below from Inquiring_H. ETH’s price is trading between the 0 fibonacci level [$840.97] and 0.382 [$1,883.26], at the time of writing.
Bullish ETH market participants have their sights set on a retest of 0.382, followed by a secondary target of 0.5 [$2,205.23]. The third target to the upside is 0.618 [$2,527.19].
Bearish Ether traders conversely have their primary target at a full retracement back down to the 0 fib level before they attempt to make a fresh 12-month low for ETH’s price.
Ether’s Moving Averages: 5-Day [$1,774.65], 20-Day [$1,730.49], 50-Day [$1,423.76], 100-Day [$1,927.28], 200-Day [$2,641.04], Year to Date [$2,335.76].
ETH’s 24 hour price range is $1,529.92-$1,629.72 and its 7 day price range is $1,529.92-$1,953.96. Ether’s 52 week price range is $883.62-$4,878.
The price of ETH on this date in 2021 was $3,323.05.
The average price of ETH for the last 30 days is $1,701.38 and its +3.36% over the same time frame.
Ether’s price [+0.53%] closed its daily candle on Monday worth $1,626.83 and in green figures for a second day in a row.
Solana Analysis
Solana’s price was the worst performer of today’s asset’s and when traders settled-up on Monday, SOL’s price was -$1.03.
The last chart we’re looking at today is the SOL/USD 4HR chart below from CryptoAnalytics. Solana’s price is trading between 0.786 [$30.90] and 0.618 [$34.03], at the time of writing.
The overhead targets on Solana are 0.618 [$34.03], 0.5 [$36.41], and 0.382 [$38.96].
The downside targets for bearish SOL traders that are short this market are 0.786 and back down to test a 12-month low at $27.33 [on FTX].
Solana’s Moving Averages: 5-Day [$39.30], 20-Day [$40.76], 50-Day [$38.17], 100-Day [$55.49], 200-Day [$96.42], Year to Date [$76.53].
Solana’s 24 hour price range is $33.73-$36.56 and its 7 day price range is $33.73-$44.5. SOL’s 52 week price range is $25.97-$259.96.
Solana’s price on this date last year was $75.74.
The average price of SOL over the last 30 days is $40.67 and its -18.53% during the same timespan.
Solana’s price [-2.83%] closed its daily trading session on Monday worth $35.42 and in red figures for the eighth time over the last nine days.
