Bitcoin (18k), Ethereum (1.4k), Cosmos [Atom] Price Analyses
Bitcoin (18k), Ethereum (1.4k), Cosmos [Atom] Price Analyses
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Bitcoin (18k), Ethereum (1.4k), Cosmos [Atom] Price Analyses

By R.L. Bryer - 21 Sep 2022

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Bitcoin Analysis 

Bitcoin’s price traded lower for the second time over the last three days and when traders settled-up at 12:00 UTC, BTC’s price was -$663.9. 

The first chart we’re exploring today is the BTC/USD 1D chart by q2sandman. BTC’s price is trading just below the $19k level, at the time of writing.

The overhead target for BTC bulls is -2 [$33,973.03] if they can pivot from the current course to the upside again.

Those that are short BTC have targets to the downside on the daily timescale of 0 [$18,587.33], 0.236 [$16,771.81], 0.382 [$15,648.66], 0.5 [$14,740.9], 0.65 [$13,586.97], and 0.786 [$12,540.74].

BTC/USD 1D chart
BTC/USD 1D chart: BTC’s price is trading just below the $19k level

The Fear and Greed Index is 23 Extreme Fear and is equal to yesterday’s reading.

Fear and Greed
The Fear and Greed Index is 23 Extreme Fear

Bitcoin’s Moving Averages: 5-Day [$19,643.98], 20-Day [$20,202.59], 50-Day [$21,724.85], 100-Day [$24,022.42], 200-Day [$33,124.88], Year to Date [$32,055.99].

BTC’s 24 hour price range is $18,71l.9-$19,589 and its 7 day price range is $18,471-$20,408. Bitcoin’s 52 week price range is $17,611-$69,044. 

The price of Bitcoin on this date last year was $40,664. 

The average price of BTC for the last 30 days is $20,359.8 and its -17.7% over the same period. 

Bitcoin’s price [-3.4%] closed its daily candle worth $18,874 on Tuesday. 

Ethereum Analysis 

Ether’s price followed the macro lower on Tuesday and when the day’s final candle was painted, ETH was -$52.68.  

The second chart we’re looking at today is the ETH/USD 1W chart below by EMC2PRoPheT. ETH’s price is trading between the $1,203.85 level and $1,525.15 level, at the time of writing. 

Bullish traders were rejected sternly after numerous attempts over the last few months to crack and regain the $2k level. Their targets to the upside on the weekly time frame now are $1,525, $1,726.56, $1,904.00, $2,469.88, and $3,035.76 over the short-term to mid-term.

Conversely, bearish traders have a primary aim of denying bullish ETH traders access back above the $1,4k level. Their targets to the downside on ETH are $1,203.85, $757.86, $402.98, $191.98, and $72.09. 

ETH/USD 1W chart
ETH/USD 1W chart: the price is trading between the $1,203.85 level and $1,525.15 level

Ether’s Moving Averages: 5-Day [$1,450.53], 20-Day [$1,577.54], 50-Day [$1,610.54], 100-Day [$1,624.24], 200-Day [$2,360.50], Year to Date [$2,251.01].

ETH’s 24 hour price range is $1,312.71-$1,384.1 and its 7 day price range is $1,295.58-$1,638.55. Ether’s 52 week price range is $883.62-$4,878. 

The price of ETH on this date in 2021 was $2,765.14.

The average price of ETH for the last 30 days is $1,571.9 and its -26.49% over the same duration. 

Ether’s price [-3.83%] closed its daily candle on Tuesday worth $1,323.32 and in red figures for the second time over the last three days. 

Cosmos Analysis

The price of Cosmos finished more than 10% down for its daily session and when the day’s candle was painted, ATOM was -$1.69. 

We’re rounding out our price analyses for this Wednesday with the ATOM/USD 4HR chart from CryptoFallen. ATOM’s price is trading between the 0.382 fibonacci level [$12.75] and 0.236 [$14.35], at the time of writing.

Bullish ATOM market participants have targets overhead of regaining the 0.236 and then a full retracement at 0 [$16.93]. 

At variance with bullish ATOM market participants are bearish traders that are short ATOM and eyeing the 0.382 with a secondary aim of the 0.5 fib level [$11.45].

ATOM/USD 4HR chart
ATOM/USD 4HR chart: the price is trading between the 0.382 fibonacci level [$12.75] and 0.236 [$14.35]
ATOM’s Moving Averages: 5-Day [$15.05], 20-Day [$13.5], 50-Day [$11.74], 100-Day [$10.71], Year to Date [$13.98].

ATOM’s price is +109% against The U.S. Dollar over the last 12 months, +126.8% against BTC, and +70.51% against ETH, over the same period. 

The 24 hour price range of Cosmos is $13.66-$15.65 and its 7 day price range is $13.43-$16.93. ATOM’s 52 week price range is $5.55-$44.67. 

The price of Cosmos on this date last year was $30.33. 

The average price of ATOM over the last 30 days is $13.24 and its +29.53% over the same timespan. 

ATOM’s price [-10.85%] closed its daily session worth $13.92 and in red figures for the third time over the last four days. 

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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