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Home»Trading»Bitcoin, Ethereum, and EOS Were Sent Higher on Sunday
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Bitcoin, Ethereum, and EOS Were Sent Higher on Sunday

Donald MunnBy Donald MunnAugust 25, 2022Updated:September 29, 2022No Comments4 Mins Read
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Bitcoin Analysis 

Bitcoin’s price put an end to six straight days of incessant selling pressure from bearish traders on Saturday and since has put together a streak of two straight green candles as we begin a new week. BTC’s price was +$309.1 On Sunday when traders settled-up at 12:00 UTC. 

As we can see on this week’s first chart for analysis, BTC’s price validated a bear flag it was painting on the daily time frame late last week. The first chart to lead-off a new week is the BTC/USD 1D chart below from prototypeB. BTC’s price is trading between 0.236 [$21,176.78] and 0.382 [$23,368.12], at the time of writing. 

Bullish BTC traders are putting in what could be considered a bearish backtest if BTC’s price fails at the next overhead target of 0.382. Bulls have a secondary target of 0.5 [$25,139.19], and a third target of 0.618 [$26,910.27].

Conversely, bearish BTC traders are looking to push BTC’s price below the 0.236 fib level followed by a full retracement back to the 0 fib level [$17,634.78] on the weekly time frame.

Bitcoin Analysis BTC/USD 1D chart: the price is trading between 0.236 [$21,176.78] and 0.382 [$23,368.12]Bitcoin’s Moving Averages: 5-Day [$23,229.38], 20-Day [$23,226.71], 50-Day [$21,888.49], 100-Day [$28,543.75], 200-Day [$36,939.14], Year to Date [$33,623.12].

The Fear and Greed Index is 29 Fear and is +2 from Sunday’s reading of 27 Fear.

Fear and Greed The Fear and Greed Index is 29 Fear

BTC’s 24 hour price range is $21,069-$21,800 and its 7 day price range is $20,769-$24,995. Bitcoin’s 52 week price range is $17,611-$69,044. 

The price of Bitcoin on this date last year was $49,250.54. 

The average price of BTC for the last 30 days is $23,063.9 and its -8.3% over the same duration. 

Bitcoin’s price [+1.48%] closed its daily candle worth $21,138.8 on Sunday. 

Ethereum Analysis 

Ether’s price finished back in green digits on Sunday after two consecutive closes in red digits. When ETH’s daily session concluded on Sunday, ETH’s price was -$45.8.  

The ETH/USD 1W chart below by StonkSniper shows Ether’s price trading between the 0.786 fib level [$1,481.51] and 0.65 [$2,068.92], at the time of writing. 

We can see Ether’s price bearishly engulfed the weekly timescale with a massive red candle on Sunday. Bullish traders want to pivot before the 0.786 is reached with overhead targets of 0.65, 0.618 [$2,207.14], and 0.5 [$2,716.8]. 

At variance with bulls are bearish traders that have a primary target of 0.786, followed by 0.886 [$1,049.59], and a third target of 1 [$557.2].

Ethereum Analysis ETH/USD 1W chart: the price trading between the 0.786 fib level [$1,481.51] and 0.65 [$2,068.92]Ether’s Moving Averages: 5-Day [$1,840.54], 20-Day [$1,727.90], 50-Day [$1,417.11], 100-Day [$1,946.65], 200-Day [$2,656.03], Year to Date [$2,340.37].

ETH’s 24 hour price range is $1,562.34-$1,646.52 and its 7 day price range is $1,523.67-$2,004.15. Ether’s 52 week price range is $883.62-$4,878. 

The price of ETH on this date in 2021 was $3,243.49.

The average price of ETH for the last 30 days is $1,700.12 and its +5.46% during the same time frame. 

Ether’s price [+2.91%] closed its daily candle on Sunday worth $1,621.38.

EOS Analysis

EOS has marked-up over 10% for the last two daily sessions and when Sunday’s daily session concluded, EOS was +$0.16. 

The last chart we’re looking at for this Monday is the EOS/USD 1W chart by crytobullmike. EOS is trading between the 0 fibonacci level [$0.826] and 0.236 [$2.153], at the time of writing. 

The targets above for bullish EOS market participants are 0.236, 0.618 [$4.303], and 0.786 [$5.248].

Bearish traders have a primary target of a full retracement back to the 0 fib level with a fresh 12-month low forthcoming if that level breaks. 

EOS AnalysisEOS/USD 1W chart: EOS is trading between the 0 fibonacci level [$0.826] and 0.236 [$2.153]EOS’s Moving Averages: 5-Day [$1.38], 20-Day [$1.27], 50-Day [$1.09], 100-Day [$1.47], 200-Day [$2.16], Year to Date [$1.85].

EOS is +19.01% against The U.S. Dollar over the last 90 days, +61.3% against BTC, and +45.6% against ETH, over the same time frame.

The 24 hour price range of EOS is $1.37-$1.58 and its 7 day price range is $1.25-$1.63. The 52 week price range of EOS is $0.816-$6.41. 

The price of EOS on this date last year was $5.41. 

The average price of EOS over the last 30 days is $1.26 and its +41.46% over the same timespan. 

The price of EOS [+11.27%] closed its daily candle on Sunday worth $1.57 and in green digits for a second day in a row. 

The post Bitcoin, Ethereum, and EOS Were Sent Higher on Sunday appeared first on cryptodailynews24.com.

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Donald Munn
Donald Munn
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