Bitcoin, Ethereum, Cosmos price analyses
Bitcoin, Ethereum, Cosmos price analyses
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Bitcoin, Ethereum, Cosmos price analyses

By R.L. Bryer - 16 May 2022

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Bitcoin Analysis 

Bitcoin’s price traded lower when it closed on Sunday than when it began the week for the seventh straight week in a row despite a strong rally during Sunday’s daily session. BTC’s price concluded Sunday’s daily candle +$1,215.  

The BTC/USD 1D chart below from XRP-Jonny shows BTC’s price trading between the 0 fibonacci level [$25,225.53] and 0.236 [$35,514.88], at the time of writing.

The primary target overhead for bullish BTC traders is 0.236 followed by 0.382 [$41,880.33] and 0.618 [$52,169.68].

Conversely, the targets to the downside for bearish traders are 0.382, 0.236 [$35,514.88 ], and a complete retracement back to 0 [$25,225.53].

Bitcoin Analysis 
BTC/USD 1D chart: the price is trading between the 0 fibonacci level [$25,225.53] and 0.236 [$35,514.88]
The Fear and Greed Index is 14 Extreme Fear and is +4 from Sunday’s reading of 10 Extreme Fear.

Fear and Greed
The Fear and Greed Index is 14 Extreme Fear

Bitcoin’s Moving Averages: 5-Day [$29,757.78], 20-Day [$36,825.83], 50-Day [$40,149.62], 100-Day [$40,926.88], 200-Day [$46,772.85], Year to Date [$40,561.20].

BTC’s 24 hour price range is $29,572-$31,347 and its 7 day price range is $26,600-$34,337. Bitcoin’s 52 week price range is $26,600-$69,044. 

The price of bitcoin on this date last year was $46,582.9. 

The average price of BTC for the last 30 days is $45,130.5 and BTC’s price is -24.7% over the same time frame.  

Bitcoin’s price [+4.04%] closed its daily candle worth $31,319 on Sunday and has finished in green figures for the last three days. 

Ethereum analysis 

Ether’s price finished in green figures for a third straight day on Sunday and finished +$89.66. 

The ETH/USD 1W chart below shows what looks like an imminent crossover of the EMA 20 and the EMA 50. This chart from priitzzy also shows that ETH’s price touched a long-term trend line on the weekly time frame.

If bearish Ether traders are able to break that trend line to the downside and push ETH’s price below the $1,713 level, there isn’t much resistance until under the $1k level.

Ethereum analysis
ETH/USD 1W chart shows an imminent crossover of the EMA 20 and the EMA 50

Ether’s Moving Averages: 5-Day [$2,123.96], 20-Day [$2,711.80], 50-Day [$2,895.02], 100-Day [$2,965.56], 200-Day [$3,376.81], Year to Date [$2,921.46].

ETH’s 24 hour price range is $2,008-$2,154 and its 7 day price range is $1,824-$2,543. Ether’s 52 week price range is $1,719.48-$4,878. 

The price of ETH on this date in 2021 was $3,579.78.

The average price of ETH for the last 30 days is $3,129.05 and ETH’s price is -31.5% over the same duration. 

Ether’s price [+4.36] closed its daily candle on Sunday valued at $2,146.

ATOM analysis

Despite a solid rally during Sunday’s daily session, ATOM’s price finished lower for the seventh straight week and is -27% for the last 7 days, at the time of writing. ATOM’s price concluded Sunday’s daily session +$1.60. 

The ATOM/USD 1W chart below by abdulganibareen shows ATOM’s price in a larger downtrend on the weekly time frame with the primary target for bears at the $10.73 level. 

ATOM analysis
ATOM/USD 1W chart: the price is in a larger downtrend

ATOM’s Moving Averages: 5-Day [$11.31], 20-Day [$18.07], Year to Date [$22.60].

ATOM’s price is -49.96% against The U.S. Dollar for the last 12 months, -25.04% against BTC, and -14.55% against ETH, over the same duration.

ATOM’s 24 hour price range is $10.37-$12.39 and its 7 day price range is $9.02-$15.96. ALGO’s 52 week price range is $8.57-$44.45. 

ATOM’s price on this date last year was $24.30.

The average price of ATOM over the last 30 days is $18.30 and the price of Cosmos is -49.04% over the same timespan. 

ATOM’s price [+14.84%] closed up nearly 15% on Sunday and worth $12.38. Sunday’s daily candle close in green figures was the third consecutive for ATOM. 

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.

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