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Home»Trading»Bitcoin, Ethereum, Avalanche: rally on Tuesday
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Bitcoin, Ethereum, Avalanche: rally on Tuesday

Donald MunnBy Donald MunnMarch 9, 2022Updated:September 29, 2022No Comments4 Mins Read
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Bitcoin rally 

Bitcoin’s price reversed slightly to the upside during Tuesday’s daily session and concluded the day +$718.

The first chart we’re analyzing today is the BTC/USD 1D chart below from Cryptobegginer. BTC’s price is trading between 0.786 [$37,521.54] and 0.618 [$44,202.74], at the time of writing.

Traders that are anticipating upside next for BTC are seeking a first target of the 0.618 fib level with a secondary target of 0.5 [$49,048.70] and a third target of 0.382 [$53,804.55].

Bearish market participants are conversely taking aim at snapping the 0.786 to the downside with a secondary target of 1 [$28,896.32]. 

Bitcoin rally BTC’s price is trading between 0.786 [$37,521.54] and 0.618 [$44,202.74]The Fear and Greed Index is 22 Extreme Fear and +1 from Tuesday’s reading of 21 Extreme Fear. 

Fear and Greed The Fear and Greed Index is 22 Extreme Fear

Bitcoin’s Moving Averages: 20-Day [$40,966.69], 50-Day [$41,264.16], 100-Day [$48,955.46], 200-Day [$45,642.06], Year to Date [$40,901.76].

BTC’s 24 hour price range is $38,136-$39,334 and its 7 day price range is $37,387-$44,790. Bitcoin’s 52 week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $54,700. 

The average price of BTC for the last 30 days is $40,655. 

Bitcoin’s price [+1.89%] closed its daily candle worth $38,757 and snapped a streak of two red daily candle closes prior.

Ethereum Analysis 

When traders settled up on Ether on Tuesday ETH’s price was in green figures and concluded its daily candle +$84.68.

The second chart we’re analyzing today is the ETH/USD 1D chart from IceCreamMayDay. Ether’s price is trading between the 0.786 fib level [$2,411.65] and 0.618 [$2,595.43]. 

Bullish Ether traders are hoping to hold the $2,5k level and rally back above the 0.618, 0.5 [$2,728,73], and 0.382 [$2,862.03].

If the objective to reverse course to the upside fails by bullish ETH traders, we’ll soon see the 0.786 fib level tested with a secondary target 1 [$2,163.90] and a third target of 1.618 [$1,465.78].

Ethereum Analysis Ether’s price is trading between the 0.786 fib level [$2,411.65] and 0.618 [$2,595.43]Ether’s Moving Averages: 20-Day [$2,824.07], 50-Day [$2,979.78], 100-Day [$3,620.72], 200-Day [$3,222.85], Year to Date [$2,932.73].

ETH’s 24 hour price range is $2,507-$2,620 and its 7 day price range is $2,467-$3,014. Ether’s 52 week price range is $1,558-$4,878. 

The price of ETH on this date in 2021 was $1,869.

The average price of ETH for the last 30 days is $2,795. 

Ether’s price [+3.40%] closed its daily candle on Tuesday valued at $2,577.21.

Avalanche Analysis

The third project we’re analyzing today is Avalanche and the AVAX/USDT 4HR chart below from Coinathlon. AVAX’s price is trading between the 0.382 fib level [$73.47] and 0.5 [$74.41], at the time of writing. Traders that are bullish on Avalanche are looking to break 0.5 to the upside with a secondary target of 0.618 [$75.37] and a third target of .705 [$76.16].

Bearish AVAX market participants are seeking to break 0.382 and looking to push AVAX’s price below 0.272 [$72.47] and a full retracement at 0 [$70.25] eventually. 

Avalanche AnalysisAVAX’s price is trading between the 0.382 fib level [$73.47] and 0.5 [$74.41]Avalanche is +176.1% against The U.S. Dollar for the last 12 months, +262.3% against BTC, and +85.85% against ETH, over the same duration.

Avalanche’s 24 hour price range is $71.57-$76.09 and its 7 day price range is $70.88-$89.06. AVAX’s 52 week price range is $9.33-$144.96. 

Avalanche’s price on this date last year was $34.28.

The average price of AVAX over the last 30 days is $80.60. 

Avalanche’s price [+1.78%] closed its daily session on Tuesday worth $73.05 and in green figures for the first time in three days.

The post Bitcoin, Ethereum, Avalanche: rally on Tuesday appeared first on cryptodailynews24.com.

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Donald Munn
Donald Munn
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