Summary
Bitcoin bullish
Bitcoin’s price bullishly engulfed to start the first candle of the new week and concluded its daily session +$5,468.
The first chart we’re analyzing today is the BTC/USD 1D chart below from viparmenia. Traders will note that BTC’s price is bumping up against the 38.20% fib level [$40,244.8] as bullish BTC market participants sent its price higher during Monday’s daily candle.
Bitcoin bulls have a secondary target of 50.00% [$44,627.4] with a third target of 61.80% [$49,487.2].
Bearish BTC traders are aiming to send BTC’s price back below the $40k level before more momentum is built by bullish traders and eventually send it back down for a full retracement to the $28k level at 0 [$28,799.5].
The Fear and Greed Index is 51 Neutral and +31 points from Monday’s reading of 20 Extreme Fear.
Bitcoin’s Moving Averages: 20-Day [$40,965.25], 50-Day [$42,194.28], 100-Day [$49,951.34], 200-Day [$45,554.71], Year to Date [$40,941.25].
BTC’s 24 hour price range is $37,805-$44,198 and its 7 day price range is $34,740-$44,198. Bitcoin’s 52 week price range is $29,341-$69,044.
The price of bitcoin on this date last year was $49,787.
The average price of BTC for the last 30 days is $40,851.
Bitcoin’s price [+14.49%] closed its daily candle worth $43,202 and in green figures for the first time in three days.
Ethereum Analysis
Ether’s price also finished up greater than 10% on Monday and concluded its daily candle +$306.2.
The ETH/USD 4HR chart below from Lion247 shows bullish Ether traders also sent ETH’s price higher on Monday and is again holding the 0.382 fib level [$2,636.56].
Bearish traders are looking to push ETH’s price back below 0.382 and test the 0.5 fib level [$2,585.43]. Bears have a secondary target of 0.618 [$2,534.30] and a third target of 0.764 [$2,471.04] to the downside of the 4HR chart.
Ether’s Moving Averages: 20-Day [$2,876.57], 50-Day [$3,111.27], 100-Day [$3,673.45], 200-Day [$3,221.01], Year to Date [$2,960.77].
ETH’s 24 hour price range is $2,601-$2,972 and its 7 day price range is $2,336-$2,9472. Ether’s 52 week price range is $1,458-$4,878.
The price of ETH on this date in 2021 was $1,570.
The average price of ETH for the last 30 days is $2,867.
Ether’s price [+11.70%] closed its daily candle on Monday valued at $2,922 and has finished in green digits four of the last five days.
Solana Analysis
Solana’s price wrapped up its daily candle Monday with a massive bullish engulfing candle and finished the day +$14.08.
The third chart we’re examining today is the SOL/USD 1D chart from Bixley. Solana’s price is again testing the bottom of a long term ascending wedge on the daily timescale. It will be pivotal for bullish SOL traders to overcome overhead resistance at $103 or they’ll face a steep markdown in price potentially in the future.
From the bearish perspective, they’re aiming at rejecting bulls at the $103 level and then they’ll focus on their target of the $42 level which is another support for bullish Solana market participants.
Solana’s Moving Averages: 20-Day [$98.91], 50-Day [$125.42], 100-Day [$162.97], 200-Day [$118.76], Year to Date [$114.63].
Solana’s 24 hour price range is $86.14-$102.02 and its 7 day price range is $77.99-$102.02. Solana’s 52 week price range is $11.9-$259.96.
Solana’s price on this date last year was $15.03.
The average price of SOL over the last 30 days is $98.93.
Solana’s price [+16.45%] closed its daily session worth $99.67 and in green figures for the first time since last Friday.
