Bitcoin (22k), Ethereum (1.4k), Cardano Price Analyses
Bitcoin (22k), Ethereum (1.4k), Cardano Price Analyses
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Bitcoin (22k), Ethereum (1.4k), Cardano Price Analyses

By R.L. Bryer - 18 Jul 2022

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Bitcoin Analysis 

Bitcoin’s price bearishly engulfed the daily time frame on Sunday and concluded its daily session -$443.  

Today’s first chart is the BTC/USD 1D chart below from sholi_software. BTC’s price is trading between the 1 fibonacci level [$19,872.26] and 1.618 [$30,274.67], at the time of writing.

Bullish BTC market participants have targets above 1.618, 2.618 [$47,178.58] and 3.618 [$63,964.29]. 

Conversely, bearish BTC traders want to push BTC’s price below the 1 fibonacci level with a secondary target of 0.786 [$16,367.01]. The third target for BTC bears is 0.618 [$13,774.25].

Bitcoin Analysis 

Bitcoin’s Moving Averages: 5-Day [$20,222.12], 20-Day [$20,393.66], 50-Day [$25,299.13], 100-Day [$33,346.67], 200-Day [$41,788.94], Year to Date [$35,496.30].

The Fear and Greed Index is 20 Extreme Fear and is -4 from Sunday’s reading of 24 Extreme Fear.

Fear and Greed

BTC’s 24 hour price range is $20,750-$21,666 and its 7 day price range is $19,113-$21,666. Bitcoin’s 52 week price range is $17,611-$69,044. 

The price of bitcoin on this date last year was $31,824. 

The average price of BTC for the last 30 days is $20,477.1 and its +2.2% over the last 30 days. 

Bitcoin’s price [-2.09%] closed its daily candle worth $20,781 and in red figures for the first time in five days on Sunday.

Ethereum Analysis 

Ether’s price was also sent lower by sellers on Sunday and ETH rounded out the week’s final daily candle -$18.13. 

The second chart we’re looking at to begin the new week is the ETH/USD 1D chart by JamesSpindler. Ether’s price is trading between 0 [$889.76] and 0.236 [$1,527.15], at the time of writing.

Ethereum Analysis 

Bullish ETH traders have seized momentum over the last week and have reversed its price after a false bearish breakout was confirmed. Now, Ether traders have shifted their focus to 0.236 with the next target of 0.382 [$1,921.47]. The third target on Ether to the upside of the chart is 0.5 [$2,240.16].

Ether traders pursuing or expecting further downside of the asset first have a primary target of a full retracement at the $889.76 level. Below that level the next major target for bears is the $757.41 level followed by the $400 level.

Ether’s Moving Averages: 5-Day [$1,142.01], 20-Day [$1,141.41], 50-Day [$1,540.38], 100-Day [$2,253.12], 200-Day [$2,969.48], Year to Date [$2,456.70].

ETH’s 24 hour price range is $1,319-$1,392 and its 7 day price range is $1,027-$1,392. Ether’s 52 week price range is $883-$4,878. 

The price of ETH on this date in 2021 was $1,891.04.

The average price of ETH for the last 30 days is $1,160.39 and its +24.58% over the same duration. 

Ether’s price [-1.34%] closed its daily candle on Sunday worth $1,337.84 and in red figures for the first time in five days. 

Cardano Analysis

On Sunday, ADA’s price didn’t catch the bids it had over the prior week and it finished its daily candle on Sunday -$0.011. 

The third and final chart to cover for Monday’s price analyses is the ADA/USD 4HR chart below from AlanSantana. ADA’s price is trading between 0.5 [$0.447] and 0.618 [$0.458], at the time of writing. 

The targets above for ADA traders going long are 0.618, followed by 0.786 [$0.473], and 1.236 [$0.51].

Bearish traders are seeking to send ADA’s price below 0.5, with a secondary target of 0.382 [$0.43].

Cardano Analysis

Cardano’s Moving Averages: 5-Day [$0.43], 20-Day [$0.46], 50-Day [$0.50], 100-Day [$0.72], 200-Day [$1.10], Year to Date [$0.84].

Cardano’s 24 hour price range is $0.447-$0.451 and its 7 day price range is $0.413-$0.464. Cardano’s 52 week price range is $0.40-$3.09. 

ADA’s price on this date last year was $1.18. 

The average price of ADA over the last 30 days is $0.464 and its -7.8% over the same timespan. 

Cardano’s price [-2.23%] closed its daily candle on Sunday worth $0.446 and in red figures for the first time in five days as well. 

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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