HomeTradingBitcoin (19k), Ethereum (1.2k), Near Protocol price analyses

Bitcoin (19k), Ethereum (1.2k), Near Protocol price analyses

 Bitcoin Analysis 

The volatility around the price of Bitcoin has cooled off of late and the asset’s been trading between $18,790-$22,395 for the last 30 days. Bulls successfully closed another week above the $19k level but again finished another week below $19,891, a major level of inflection.

When Sunday’s daily session wrapped-up, BTC’s price was -$254.3. 

We’re beginning a fresh week by looking at the BTC/USD 1W chart below from dudebruhwhoa. BTC’s price is trading between the 161.80% fibonacci level [$18,485.12] and the 142.70% fib level [$21,594.62], at the time of writing. 

Bullish market participants are hoping that they’re successfully setting up bears for a trap but it will be critical to hold the 161.80% fib level for that to materialize. The overhead targets for bulls are 142.70%, 123.60% [$25,227.31], 100.00% [$30,570.62], 50.00% [$45,927.16], and 0.00% [$68,997.75]. 

From the perspective of bears, they want to again push BTC’s price back down to test the 161.80% fib level before pushing its price below that level and taking it back down to retest the 12-month low of $17,611. 

btc/usd 1w chart
BTC/USD 1W chart: the price is trading between the 161.80% fibonacci level [$18,485.12] and the 142.70% fib level [$21,594.62]
The Fear and Greed Index is 24 Extreme Fear and is equal to Sunday’s reading. 

fear&greed
The Fear and Greed Index is 24 Extreme Fear

Bitcoin’s Moving Averages: 5-Day [$19,337.06], 20-Day [$19,659.75], 50-Day [$21,294.43], 100-Day [$22,946.89], 200-Day [$31,936.88], Year to Date [$31,528.22].

BTC’s 24 hour price range is $18,920.4-$19,395.9 and its 7 day price range is $18,548.96-$20,296.07. Bitcoin’s 52 week price range is $17,611-$69,044. 

The price of Bitcoin on this date last year was $48,243. 

The average price of BTC for the last 30 days is $19,767.9 and its -4% for the same period. 

Bitcoin’s price [-1.32%] closed its daily candle worth $19,057.5 and in red figures for a third consecutive day. 

Ethereum Analysis 

Ether’s price marked-down more than twice as much as Bitcoin’s price on Sunday and when traders settled-up for Sunday, ETH’s price was -$36.26. 

We continue our price analyses this Monday with the ETH/USD 1D chart by maikisch. ETH’s price is trying to hold the 1 fib level [$1,268.1], at the time of writing. 

If bullish traders fail to break out of this descending channel a three figure ETH price may be forthcoming before year’s end. 

The targets to the downside for bearish ETH traders are the 1 fib level followed by 1.382 [$1,108.3], 1.786 [$961.2], 2 [$891.3], and 2.618 [$716.8]. 

eth/usd 1d chart
ETH/USD 1D chart: the price is trying to hold the 1 fib level [$1,268.1]
Ether’s Moving Averages: 5-Day [$1,333.84], 20-Day [$1,468.70], 50-Day [$1,598.74], 100-Day [$1,540.01], 200-Day [$2,252.79], Year to Date [$2,213.03].

ETH’s 24 hour price range is $1,263.04-$1,317.93 and its 7 day price range is $1,263.04-$1,393.48. Ether’s 52 week price range is $883.62-$4,878. 

The price of ETH on this date last year was $3,416.18. 

The average price of ETH for the last 30 days is $1,471.97 and its -17.98% over the same duration.  

Ether’s price [-2.76%] closed its daily candle on Sunday valued at $1,275.52 and finished in red figures for four straight days. 

Near Protocol Analysis

Near Protocol’s price also took a step backward on Sunday from the perspective of bulls and finished Sunday’s daily candle -$0.07. 

The NEAR/USDT 1D chart below from Trader_Needs is the last chart we’re analyzing today. NEAR’s price is at a pivotal level again and bullish traders need to regain the -0.554 [$3.67]. If they fail to do so, they risk another trip back below the $3 level and a retest of the $2.87 level. 

The primary target overhead is now the -0.554 fibonacci level with more targets above of -0.272 [$5.45], 0 [$7.23], and 0.236 [$8.70].

near/usd 1d chart
NEAR/USDT 1D chart: the price is at a pivotal level again and bullish traders need to regain the -0.554 [$3.67]
Near Protocol’s Moving Averages: 5-Day [$3.59], 20-Day [$4.09], 50-Day [$4.42], 100-Day [$4.40], Year to Date [$6.87].

NEAR’s 24 hour price range is $3.41-$3.61 and its 7 day price range is $3.41-$3.8. Near Protocol’s 52 week price range is $2.89-$20.44. 

NEAR’s price on this date last year was $8.02. 

The average price of NEAR over the last 30 days is $4.08 and its -19.87% for the same stretch. 

Near Protocol’s price [-2.14%] closed in red digits for a third consecutive day and was worth $3.48 when Sunday’s trading session concluded. 

R.L. Bryer
R.L. Bryerhttp://bryer.io
R.L. è nel settore crypto dal 2009. E' autore di "Blockchain: Project Renaissance",
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