Bitcoin’s price bearishly engulfed the daily timescale on Monday and concluded its daily session -$1,276.6.
The first chart we’re looking at for this Tuesday is the BTC/USD 1D chart below from bonic. BTC’s price is trading between 0 [$18,428.17] and 0.236 [$30,562.99], at the time of writing.
The targets to the upside for bullish BTC traders are 0.236, 0.382 [$38,070.12], and 0.5 [$44,137.53].
Bearish traders are conversely looking to push BTC’s price back down to a full retracement at the 0 fibonacci level before potentially attempting to send its price back down to test the low teens and $10k level.
The Fear and Greed Index is 26 Fear and is -4 from Monday’s reading of 30 Fear.
Bitcoin’s Moving Averages: 5-Day [$22,842.67], 20-Day [$20,976.31], 50-Day [$24,439.13], 100-Day [$32,214.94], 200-Day [$40.712.25], Year to Date [$34,967.02].
BTC’s 24 hour price range is $21,215-$22,663.3 and its 7 day price range is $21,215.48-$24,160.26. Bitcoin’s 52 week price range is $17,611-$69,044.
The price of Bitcoin on this date last year was $37,296.
The average price of BTC for the last 30 days is $21,057.1.
Bitcoin’s price [-5.65%] closed its daily candle worth $21,302.6 on Monday and in red figures for the fifth time over the last six days.
Ether’s price also suffered from an intense selling session on Monday and when traders settled-up at the end of the day ETH was -$159.6.
Today’s second chart is the ETH/USD 4HR chart below by CountLikeWallStreet. ETH’s price is trading between the 50.00% fibonacci level [$1,443.89] and 61.80% [$1,579.74], at the time of writing.
Bullish Ether traders want to regain the 61.80% fib level before making a push higher at 78.60% [$1,766.53], and 88.10% [$1,878.61].
Those that believe there’s more downside yet for the Ether market are looking to break the 50.00% fib level before retesting the 38.20% level [$1,31.84], and 23.60% [$1,148.42].
Ether’s Moving Averages: 5-Day [$1,544.60], 20-Day [$1,258.69], 50-Day [$1,471.19], 100-Day [$2,178.61], 200-Day [$2,905.86], Year to Date [$2,41871].
ETH’s 24 hour price range is $1,432.99-$1,609.58 and its 7 day price range is $1,432.99-$1,639.34. Ether’s 52 week price range is $883.62-$4,878.
The price of ETH on this date in 2021 was $2,227.96.
The average price of ETH for the last 30 days is $1,266.37 and its +24.77% over the same duration.
Ether’s price [-9.99%] closed its daily candle on Monday worth $1,438.62 and in red figures for the first time in three days.
Decentraland’s price also traded over 9% lower on Monday and finished the day -$0.089.
The last chart we’re examining today is the MANA/USD 1D chart below from DrDovetail. Decentraland’s price failed to break the demand line of its structure to confirm a bullish breakout on the 1D time frame.
Bullish MANA traders could still bounce and confirm a breakout yet but the bearish backtest is underway of what looks to be an Inverse Head & Shoulders pattern.
Decentraland’s price is +32.15% against The U.S. Dollar for the last 12 months, +107.5% against BTC, and +87.45% against ETH, over the same duration.
MANA’s Moving Averages: 5-Day [$0.936], 20-Day [$0.882], 50-Day [$0.933], Year to Date [$1.38].
Decentraland’s 24 hour price range is $0.866-$0.964 and its 7 day price range is $0.866-$1.02. MANA’s 52 week price range is $0.631-$5.89.
Decentraland’s price on this date last year was $0.689.
The average price of MANA over the last 30 days is $0.894 and its -2.81% over the same time frame.
Decentraland’s price [-9.21%] closed its daily session worth $0.874 and in red figures for a second straight day on Monday.