• Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
What's Hot

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Facebook Twitter Instagram
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
Home»Trading»Bitcoin, Ethereum, Chainlink Sold-off to Lower Prices on Tuesday
Trading

Bitcoin, Ethereum, Chainlink Sold-off to Lower Prices on Tuesday

Donald MunnBy Donald MunnFebruary 22, 2022Updated:September 29, 2022No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin Analysis

Bitcoin’s price sold-off to lower prices again on Monday and concluded its daily session -$1,366. 

The first bitcoin chart we’re analyzing today is the BTC/USD 1W chart below from AnitaDollar. BTC’s price is still clinging to the 0.5 fib level [$36,575], at the time of writing. Bullish BTC traders are aiming to reverse course at that support and regain the 0.382 fib level [$43,858] before more damage ensues to the downside.

Bearish traders on the other hand are hoping to crack the 0.5 fib level and push BTC’s price down to retest the 0.618 fib level [$28,710]. The third target to the downside for bears is 0.786 [$17,690.]. 

Bitcoin Analysisfib level

The second bitcoin chart we’re looking at today is the BTC/USD 1D chart from Michael_Harding. BTC’s price is flirting with the 0.236 [$37,925] and if cracked the next potential support level for bulls is a full retracement at 0 [$34.159]. 

Bullish traders in the interim need to hold the 0.236 fib and again reclaim the terrority above $40,5k. 

Bitcoin AnalysisBTC/USD 1D chart

The Fear and Greed Index is 20 Extreme Fear and -5 from Monday’s reading of 25 Extreme Fear. 

Fear and GreedThe Fear and Greed Index is 20

Bitcoin’s Moving Averages: 20-Day [$40,365.83], 50-Day [$43,243.41], 100-Day [$50,861.34], 200-Day [$45,542.56], Year to Date [$41,204.56].

BTC’s 24 hour price range is $37,500-$39,468 and its 7 day price range is $37,500-$44,574. Bitcoin’s 52 week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $54,410. 

The average price of BTC for the last 30 days is $39,928. 

Bitcoin’s price [-3.56%] closed its daily candle worth $37,074 and in red figures for the fifth time over the last six days. 

Ethereum Analysis 

Ether’s price closed just above 0.236 [$2,616.76] an ultra important level on Sunday [$2,618.76] but bullish ETH market participants weren’t able to hold that level again during Monday’s daily session. ETH’s price closed worth $2,570.49 on Monday and Ether’s price has closed in red figures for six straight days. 

The ETH/USD 1D chart below from Super_B_XinR shows ETH’s price trading precisely at the 0.236 fib level. The primary bearish target next up is a full retracement back to 0 [$2,160.60].

Ethereum Analysis ETH’s price trading precisely at the 0.236 fib level

Ether’s Moving Averages: 20-Day [$2,826.84], 50-Day [$3,263.33], 100-Day [$3,723.71], 200-Day [$3,220.83], Year to Date [$3,004.23].

ETH’s 24 hour price range is $2,593-$2,754 and its 7 day price range is $2,593-$3,179. Ether’s 52 week price range is $1,353-$4,878. 

The price of ETH on this date in 2021 was $1,788.

The average price of ETH for the last 30 days is $2,787. 

Ether’s price [-1.84%] closed its daily candle on Monday -$48.27. 

Chainlink Analysis

Chainlink’s price closed $.01 above the launch point of its rally at 0 [$13.47]. LINK’s price has exemplified strong support historically at this level but if it loses this level it could signal a big markdown by percentage. 

The third cryptocurrency we’re looking at today is Chainlink and the LINK/USDT 4HR chart below from Crypto-Phoenix-168. 

LINK’s price is still ranging between the 0 fib level and 0.236 [$17.06]. If bullish LINK market participants want to regain upward momentum again they first need to reclaim 0.236 with a secondary target of [0.382] $19.28.

If bullish LINK traders fail to hold support at the $13.48 level, there could be a return to single digit LINK forthcoming for the first time since October 20th, 2020 [$9.86]. 

Chainlink AnalysisChainlink’s price closed $.01

Chainlink’s Moving Averages: 20-Day [$16.44], 50-Day [$19.74], 100-Day [$23.65], 200-Day [$23.83], Year to Date [$19.60].

Chainlink’s 24 hour price range is $13.48-$15.31 and its 7 day price range is $13.48-$17.35. LINK’s 52 week price range is $13.48-$52.07. 

Chainlink’s price on this date last year was $25.76.

The average price of LINK over the last 30 days is $16.49. 

Chainlink’s price [-7.58%] closed its daily candle worth $13.48 on Monday and in red digits for a second straight day.

The post Bitcoin, Ethereum, Chainlink Sold-off to Lower Prices on Tuesday appeared first on cryptodailynews24.com.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Donald Munn
Donald Munn
  • Website

Related Posts

Bitcoin (20k), Ethereum (1.5k), Solana Price Analyses

September 1, 2022

Bitcoin (20k), Ethereum (1.5k), Algorand Price Analyses

September 1, 2022

Bitcoin (19k), Ethereum (1.4k), Binance Coin Price Analyses

September 1, 2022

Bitcoin (21k), Ethereum (1.6k), Chainlink Price Analyses

August 29, 2022
Add A Comment

Comments are closed.

Advertisement
Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

The latest news about Bitcoin, ICO, blockchain and fintech.

Top Insights

Turkey’s Defense Industry Experiences Rapid Growth and Record Arms Exports

March 28, 2023

How Rising Tobacco Prices are Affecting Smoking Cessation Around the World

March 8, 2023

Is it possible to buy NFT and help the Ukrainian army at the same time?

February 17, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
© 2023 cryptodailynews24.com Submit news release

Type above and press Enter to search. Press Esc to cancel.