Summary
Bitcoin in red figures
Bitcoin’s price finished in red figures for Sunday’s daily candle and finished the day –$162.5.
The BTC/USD 1D chart below from Cryptolover333 posits that BTC’s price could soon find strong support at the $40k level if sellers aren’t exhausted yet. There’s strong historical support at the $40k level dating back to October 4th, 2020.
The Fear and Greed Index is 25 Extreme Fear and -4 from Sunday’s reading of 29 Fear.
Bitcoin’s important moving averages are as follows: 20-Day [$52,231], 50-Day [$57,835], 100-Day [$52,234], 200-Day [$48,558].
BTC’s 24 hour price range is $46,486–$48,125 and its 7-day price range is $45,826-$50,334. Bitcoin’s 52-week price range is $22,483-$69,044.
The price of bitcoin on this date last year was $23,863.
The average price of BTC for the last 30 days is $52,626.
Bitcoin [-0.35%] closed its daily candle on Sunday, worth $46,716.
Ethereum Analysis
Ether’s price also dropped less than 1% on Sunday, and ETH finished its daily candle -$33.97.
The ETH/USD 1W chart below from samadiali shows the importance for Ether bulls to hold the 78.6% fib level at $3,685. Since Ether’s price fell below an important inflection level at $4k, bulls have been trying to hold their ground, but a failure to hold the 78.6% level could result in bearish ETH traders sending ETH’s price back down to test the 50% fib level at $2,568.
Conversely, if bullish Ether traders have their way and send ETH’s price higher and back above the $4k level, bulls will aim again at the 100% level [$4,8k].
Ether’s most important moving averages are as follows: 20-Day [$4,225], 50-Day [$4,216], 100-Day [$3,721], 200-Day [$3,055].
ETH’s 24-hour price range is $3,898-$4,043, and its 7-day price range is $3,702-$4,154. Ether’s 52-week price range is $575.67-$4,878.26.
The price of ETH on this date in 2020 was $639.52.
The average price of ETH for the last 30 days is $4,193.23.
Ether [-0.86%] closed its daily candle on Sunday worth $3,925.
Polkadot Analysis
Polkadot’s price also closed with negative price action on Sunday and -$.70.
The DOT/USD 1D chart below from WhenCryptoLambo shows that Polkadot’s price closed below a critical support level at the 0.382 fib level [$25.47]. The next major fib level below is 0.236 [$19.76].
Bullish DOT traders will want to reclaim the 0.382 and try to flip that level back to support on the daily time frame; if they do, the next overhead resistance is 0.50 fib level [$30.08].
If bullish DOT traders fail to regain the 0.382 soon, DOT’s price could be sent back to the teens by bears that have had momentum over DOT’s price action the last two months. Polkadot is -54.9% since its all-time high on November 4th.
Polkadot’s most important moving averages are as follows: 20-Day [$31.67], 50-Day [$39.54], 100-Day [$33.85], 200-Day [$30.52].
Polkadot’s 24-hour price range is $24.76-$25.89, and its 7-day price range is $24.42-$29.85. DOT’s 52-week price range is $4.72-$54.98.
Polkadot’s price on this date last year was $5.18.
The average price for DOT over the last 30 days is $32.48.
Polkadot [-2.75%] closed its daily candle on Sunday worth $24.78 and has finished in red figures for three of the last four days.
