Bitcoin ($57k), Ethereum ($4,4k), Polygon Price Analyses
Bitcoin ($57k), Ethereum ($4,4k), Polygon Price Analyses
Trading

Bitcoin ($57k), Ethereum ($4,4k), Polygon Price Analyses

By R.L. Bryer - 30 Nov 2021

Chevron down
Listen this article
download

Bitcoin Analysis

Bitcoin’s price started the new week on a positive note and closed Monday’s daily candle +$520.

The BTC/USD 1D chart below from BGMind_Control shows the importance of the .238 [$57,012.02] and BTC bulls holding that level as support again.

Overhead targets for bullish bitcoin traders are 0.38 [$59,302.92], 0.5 [$61,154.47], .618 [$63,006.01], 1 [$69,000], 1.618 [$78,697.08] and the 2.618 [$94,388.15].

The target for bearish BTC traders if they can breach the 0.236 [$57,012.02] is 0 [$53,308.93].

Bitcoin analysis
Bullish traders aims at $94k

BTC’s 24 hour price range is $56,227-$58,929 and its 7 day price range is $53,827-$59,206. Bitcoin’s 52 week price range is $17,764-$69,044.

The price of bitcoin on this date last year was $18,169.

The average price of BTC for the last 30 days is $60,936.

Bitcoin [+0.91%] closed its daily candle worth $57,845 and in green figures for the fourth day out of the last five days.

Ethereum analysis

Ether outperformed BTC on Monday and closed its daily candle +$145.3.

The ETH/USD 1D chart below from Mohammed_Khan illuminates the strength of the 0.236 [$4,120.96] as support for Ether bulls.

The most important level for Ether bulls to get back to now is 0 [$4,868.79]. If bulls can eclipse that level and break ETH’s all-time high then price discovery will be enacted.

For bears, their route to success is finally testing and cracking the 0.236 and getting a candle close below that level on a significant time frame. Below that level, bears are targeting the 0.382 [$3,658.31], 0.5 [$3,284.39] and the 0.618 [$2,910.48].

ETH analysis
ETH can break a new ATH

Ether’s weekly chart shows a rising wedge inside a larger rising wedge. Traders can see this on the ETH/USD 1W chart below from reees.

ETH analysis
A rising wedge inside a larger rising wedge for ETH

ETH’s 24 hour price range is $4,237-$4,489 and its 7 day price range is $4,021-$4,525. Ether’s 52 week price range is $541.28-$4,878.

The price of ETH on this date in 2020 was $612.26.

The average price of ETH for the last 30 days is $4,426.

Ether [+3.38%] closed its daily candle on Monday worth $4,442.82. ETH’s price has closed the daily timescale in green figures for four of the last five days.

Polygon Analysis

Polygon’s price is up more than 12% over the last 48 hours, at the time of writing and finished Monday’s daily candle +$.16.

The MATIC/USD 1W chart below from LA_Designer shows the important levels for MATIC traders.

MATIC’s price is currently trading inside a giant triangle pattern which bullish traders can breach at the 0.618 [$1.98]. Above that level the overhead resistance for bulls is at the 0.786 [$2.35], 1 [$2.83] and the 1.618 [$4.19].

MATIC analysis
Important levels for MATIC traders.

Bearish traders participating in the MATIC market will hope to break out of the triangle pattern to the downside at the 0.382 [$1.46]. Targets beneath that level are the 0.236 [$1.14] and 0 [$.625].

MATIC’s 24 hour price range is $1.63-$1.79 and its 7 day price range is $1.53-$1.94. Polygon’s 52 week price range is $.014-$2.62.

MATIC’s price on this date last year was $.018.

The average price for MATIC over the last 30 days is $1.76.

Polygon [+9.99%] closed its first daily candle of the new week worth $1.81 and in green digits for the second consecutive day.

R.L. Bryer

Since 2009, the onset of the bitcoin network, R.L. Bryer has been covering the space. He is the author of Blockchain: Project Renaissance Volume I and II. He's also been the guest of countless bitcoin and cryptocurrency related podcasts throughout the world. Every opportunity, he speaks on or writes about Austrian Economics and how bitcoin is the world's preeminent money.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.