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Home»Trading»Bitcoin, Ethereum, Quant Price Analyses
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Bitcoin, Ethereum, Quant Price Analyses

Donald MunnBy Donald MunnAugust 13, 2022Updated:September 29, 2022No Comments4 Mins Read
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Bitcoin Analysis 

Bitcoin’s price snapped two straight days of positive price action on Tuesday and wrapped-up its daily candle -$676.  

Today’s price analysis begins as always with bitcoin and today’s first chart is the BTC/USD 1D chart below from Operation_Morning_Star. BTC’s price is trading between the 1 fibonacci level [$17,370.73] and 0.786 [$28,638.77], at the time of writing.

The targets above for bullish BTC market participants are 0.786, 0.618 [$37,484.71], and 0.5 [$43,697.93].

Traders going short the BTC market are looking to again send BTC’s price back down to test the 2017 all-time high of $19,891. If they’re successful at pushing BTC’s price below that level the next fibonacci target is the 2022 low of 1 [$17,370.73] on bitstamp’s exchange. 

Bitcoin Analysis BTC/USD 1D chart: the price is trading between the 1 fibonacci level [$17,370.73] and 0.786 [$28,638.77]Bitcoin’s Moving Averages: 5-Day [$23,241.62], 20-Day [$22,562.79], 50-Day [$22,959.44], 100-Day [$30,315.23], 200-Day [$38,559.77], Year to Date [$34,136.83].

The Fear and Greed Index is 31 Fear and is -11 from Tuesday’s reading of 42 Fear.

Fear and GreedThe Fear and Greed Index is 31 Fear

BTC’s 24 hour price range is $22,888-$23,913 and its 7 day price range is $22,526-$24,185. Bitcoin’s 52 week price range is $17,611-$69,044. 

The price of Bitcoin on this date last year was $45,612. 

The average price of BTC for the last 30 days is $22,295 and its +7.4% over the same duration. 

Bitcoin’s price [-2.84%] closed its daily candle worth $23,141 on Tuesday and in red figures for the first time in three days. 

Ethereum Analysis 

Ether’s price sold-off more than 4% on Tuesday and when traders settled up at the daily session close ETH was -$75.55.  

The second chart we’re looking at today is the ETH/USD 12HR chart below by puzzledHare79535. Ether is trading between 0.786 [$1,703.15] and 0.618 [$1,727.74], at the time of writing.

Market participants that are long ETH are eyeing overhead targets of 0.618, 0.5 [$1,745.01], and 0.382 [$1,762.38].

Traders that are convinced lower prices are in store because of the recent bearish rejection of Ether bulls at the $1,800 level have targets to the downside of 0.786, 1 [$1,671.82], and 1.618 [$1,581.37]. 

Ethereum Analysis ETH/USD 12HR chart: Ether is trading between 0.786 [$1,703.15] and 0.618 [$1,727.74]Ether’s Moving Averages: 5-Day [$1,685.47], 20-Day [$1,544.50], 50-Day [$1,406.91], 100-Day [$2,059.90], 200-Day [$2,767.33], Year to Date [$2,364.98].

ETH’s 24 hour price range is $1,667.93-$1,790.83 and its 7 day price range is $1,592.48-$1,806.67. Ether’s 52 week price range is $883.62-$4,878. 

The price of ETH on this date in 2021 was $3,139.33. 

The average price of ETH for the last 30 days is $1,503.33 and its +40.12% over the same time frame. 

Ether’s price [-4.25%] closed its daily candle on Tuesday worth $1,702.8 and in red digits also for the first time in three daily candle closes. 

Quant Analysis

Quant’s price also took a step backwards on Tuesday and concluded its daily trading session -$3.1. 

The last chart to wrap up today’s price analyses is the QNT/USD 1W chart below from huy221. Quant’s price is trading between 1 [$110.12] and 1.618 [$147.98], at the time of writing.

The overhead targets for QNT bulls are 1.618 and 2.618 [$209.24].

The downside targets for bearish QNT traders are the 1 fib level, followed by 0.5 [$79.49], and a full retracement back to 0 [$48.86].

Quant AnalysisQNT/USD 1W chart: the price is trading between 1 [$110.12] and 1.618 [$147.98]Quant’s price is +86.73% against The U.S. Dollar for the last 90 days, +153.3% against BTC, and +159.8% against ETH, over the same time frame.

QNT’s 24 hour price range is $119.8-$129.6 and its 7 day price range is $101.43-$132.05. Quant’s 52 week price range is $40.5-$416.6. 

Quant’s price on this date last year was $154.4. 

The average price of QNT over the last 30 days is $101.33 and its +73.04% over the same timespan. 

Quant’s price [-2.41%] closed its daily candle on Tuesday worth $125.7 and in red figures for the first time since August 4th. 

The post Bitcoin, Ethereum, Quant Price Analyses appeared first on cryptodailynews24.com.

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Donald Munn
Donald Munn
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