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

Exploring the Weird and Wonderful World of Cryptocurrency Websites

January 18, 2023

The best PR films to inspire your crypto marketing strategy

January 2, 2023

Cryptocurrencies and startups related to mental health are important topics in today’s world, which have become especially relevant in the era of the COVID-19 pandemic

December 26, 2022
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, Solana all bullishly engulfed on Monday
Trading

Bitcoin, Ethereum, Solana all bullishly engulfed on Monday

Donald MunnBy Donald MunnMarch 1, 2022Updated:September 29, 2022No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin bullish 

Bitcoin’s price bullishly engulfed to start the first candle of the new week and concluded its daily session +$5,468.

The first chart we’re analyzing today is the BTC/USD 1D chart below from viparmenia. Traders will note that BTC’s price is bumping up against the 38.20% fib level [$40,244.8] as bullish BTC market participants sent its price higher during Monday’s daily candle. 

Bitcoin bulls have a secondary target of 50.00% [$44,627.4] with a third target of 61.80% [$49,487.2].

Bitcoin bullishBullish BTC market participants sent its price higher during Monday’s daily candle

 

Bearish BTC traders are aiming to send BTC’s price back below the $40k level before more momentum is built by bullish traders and eventually send it back down for a full retracement to the $28k level at 0 [$28,799.5].

The Fear and Greed Index is 51 Neutral and +31 points from Monday’s reading of 20 Extreme Fear.

Fear and GreedThe Fear and Greed Index is 51 Neutral

Bitcoin’s Moving Averages: 20-Day [$40,965.25], 50-Day [$42,194.28], 100-Day [$49,951.34], 200-Day [$45,554.71], Year to Date [$40,941.25].

BTC’s 24 hour price range is $37,805-$44,198 and its 7 day price range is $34,740-$44,198. Bitcoin’s 52 week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $49,787. 

The average price of BTC for the last 30 days is $40,851. 

Bitcoin’s price [+14.49%] closed its daily candle worth $43,202 and in green figures for the first time in three days.

Ethereum Analysis 

Ether’s price also finished up greater than 10% on Monday and concluded its daily candle +$306.2.

The ETH/USD 4HR chart below from Lion247 shows bullish Ether traders also sent ETH’s price higher on Monday and is again holding the 0.382 fib level [$2,636.56]. 

Bearish traders are looking to push ETH’s price back below 0.382 and test the 0.5 fib level [$2,585.43]. Bears have a secondary target of 0.618 [$2,534.30] and a third target of 0.764 [$2,471.04] to the downside of the 4HR chart. 

Ethereum Analysis Bullish Ether traders also sent ETH’s price higher on Monday

Ether’s Moving Averages: 20-Day [$2,876.57], 50-Day [$3,111.27], 100-Day [$3,673.45], 200-Day [$3,221.01], Year to Date [$2,960.77].

ETH’s 24 hour price range is $2,601-$2,972 and its 7 day price range is $2,336-$2,9472. Ether’s 52 week price range is $1,458-$4,878. 

The price of ETH on this date in 2021 was $1,570.

The average price of ETH for the last 30 days is $2,867. 

Ether’s price [+11.70%] closed its daily candle on Monday valued at $2,922 and has finished in green digits four of the last five days.

Solana Analysis

Solana’s price wrapped up its daily candle Monday with a massive bullish engulfing candle and finished the day +$14.08.

The third chart we’re examining today is the SOL/USD 1D chart from Bixley. Solana’s price is again testing the bottom of a long term ascending wedge on the daily timescale. It will be pivotal for bullish SOL traders to overcome overhead resistance at $103 or they’ll face a steep markdown in price potentially in the future.

From the bearish perspective, they’re aiming at rejecting bulls at the $103 level and then they’ll focus on their target of the $42 level which is another support for bullish Solana market participants.

Solana AnalysisSolana’s price is again testing the bottom of a long term ascending wedge

Solana’s Moving Averages: 20-Day [$98.91], 50-Day [$125.42], 100-Day [$162.97], 200-Day [$118.76], Year to Date [$114.63].

Solana’s 24 hour price range is $86.14-$102.02 and its 7 day price range is $77.99-$102.02. Solana’s 52 week price range is $11.9-$259.96. 

Solana’s price on this date last year was $15.03.

The average price of SOL over the last 30 days is $98.93. 

Solana’s price [+16.45%] closed its daily session worth $99.67 and in green figures for the first time since last Friday.

The post Bitcoin, Ethereum, Solana all bullishly engulfed on Monday 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

Exploring the Weird and Wonderful World of Cryptocurrency Websites

January 18, 2023

The best PR films to inspire your crypto marketing strategy

January 2, 2023

Cryptocurrencies and startups related to mental health are important topics in today’s world, which have become especially relevant in the era of the COVID-19 pandemic

December 26, 2022
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.