Summary
Bitcoin Analysis
Bitcoin’s price rallied by more than 7% on Monday to start the new week after incessant selling pressure for the last nine weeks. BTC’s price closed Monday’s daily session +$2,253.3.
The first chart we’re looking at for Tuesday is the BTC/USD 8HR chart below from nihilist78. BTC’s price is trading between 0.382 [$30,479.54] and 0.236 [$33,272.61], at the time of writing.
Bulls are hoping Monday’s daily session was a precursor to a larger macro move forthcoming. The first obstacle for bullish traders is overhead resistance at the 0.236 with a secondary target of 0 [$37,787.60].
Bearish traders are aiming to push BTC’s price back below 0.382 with a secondary target of 0.5 [$28,222.12]. The third target to the downside for bearish BTC traders is 0.618 [$25,964.70].
Bitcoin’s Moving Averages: 5-Day [$29,540.18], 20-Day [$31,215.05], 50-Day [$37,870.01], 100-Day [$39,162.14], 200-Day [$45,851.51], Year to Date [$39,423.13].
BTC’s 24 hour price range is $29,353-$31,879 and its 7 day price range is $28,448-$31,879. Bitcoin’s 52 week price range is $26,600-$69,044.
The price of Bitcoin on this date last year was $37,305.
The average price of BTC for the last 30 days is $31,864 and BTC’s -21% over the same duration.
Bitcoin’s price [+7.63%] closed its daily candle on Monday worth $31,726.3 and in green figures for a third consecutive day.
Ethereum Analysis
Ether’s price also charged higher by more than 10% during Monday’s daily session and closed the day +$184.78.
The second chart we’re looking at today is the ETH/USD 1W chart below by ApexBull. ETH’s price is trading between 0 [$1,701] and 0.382 [$2,419.39], at the time of writing.
Bullish Ether market participants have overhead targets of 0.382, 0.5 [$2,641.30], and 0.618 [$2,803.21].
Conversely bearish traders have a target of the 0 fibonacci level followed by -0.272 [$1,109.40], and -0.618 [$538.79].
ETH’s 24 hour price range is $1,806-$2,007 and its 7 day price range is $1,724-$2,016. Ether’s 52 week price range is $1,707-$4,878.
The price of ETH on this date in 2021 was $2,706.12.
The average price of ETH for the last 30 days is $2,208.89 and ETH’s -32.9% for the same timespan.
Ether’s price [+10.19%] closed its daily candle on Monday worth $1,998.30 and ETH’s price has also closed the last three days in green figures.
Vechain Analysis
Vechain’s price rallied with the majority of alts on Monday and concluded its daily candle up over 9% and +$0.0028.
The third chart we’re analyzing for Tuesday is the VET/USD 1W chart below from ALTCOIN_BEAST. VET’s price is trading between the 1.618 fibonacci level [$0.026] and 2.618 [$0.040], at the time of writing.
Bullish Vechain market participants are seeking to regain their primary target of the 1.618 fib level followed by 2.618 and 3.618 [$0.055].
Conversely, bearish VET traders are looking to push VET’s price below the 1.618 followed by a second target of 1.27 [$0.021] and 0.786 [$0.014].
Vechain’s 24 hour price range is $0.030-$0.032 and its 7 day price range is $0.028-0.032. Vechain’s 52 week price range is $0.024-$0.187.
VET’s price on this date last year was $0.126.
The average price of VET over the last 30 days is $0.036 and Vechain’s -35.58% over the same time frame.
Vechain’s price [+9.21%] closed its daily candle worth $0.032 and finished in green figures for a third straight day as well.
