Summary
Bitcoin Analysis
Bullish BTC market participants sent its price higher on Sunday and BTC closed its daily session +$237. Sunday was also the 31st consecutive day that BTC market participants successfully defended the $19k level.
The BTC/USD 1D chart by Olajireolapoju is where we’ll kick-off a new week of price analyses. BTC’s price is trading between the 0.00% fibonacci level [$18,107.34] and 23.60% fib level [$19,789.23], at the time of writing.
The overhead targets for bullish traders are the 23.60% fib level followed by 38.20% [$20,829.77], 50.00% [$21,670.73], 61.80% [$22,511.69], 66.00% [$22,811.01], 88.60% [$24,421.66], 100.00% [$25,234.12], and 161.80% [$29,638.46].
Bearish BTC traders are conversely looking to push BTC’s price back below the 0.00% fib level with a retest of BTC’s 12-month low [$17,611] as a secondary aim to the downside of the 1D time frame.
Bitcoin’s Moving Averages: 5-Day [$19,198.15], 20-Day [$19,387.02], 50-Day [$20,628.43], 100-Day [$21,950.16], 200-Day [$30,613.10], Year to Date [$30,944.04].
BTC’s 24 hour price range is $19,067-$19,428 and its 7 day price range is $18,372.47-$19,872.75. Bitcoin’s 52 week price range is $17,611-$69,044.
The price of Bitcoin on this date last year was $61,511.
The average price of BTC for the last 30 days is $19,381 and its -5.5% over the same stretch.
Bitcoin’s price [+1.24%] closed its daily candle on Sunday worth 19,309 and in green figures for the first time since last Thursday.
Ethereum Analysis
Ether’s price had its best performance since October 4th on Sunday and when traders settled-up to close the day, ETH’s price was +$31.02.
The second chart we’re looking at today is the ETH/USD 4HR chart below from Rex_yang. ETH’s price is trading between 0.618 [$1,280.10] and 1 [$1,342.65], at the time of writing.
Those that believe ETH can hold its current level and rally have overhead targets of the 1 fib level followed by 1.272 [$1,387.20], 1.382 [$1,405.20], 1.5 [$1,424.50], and 1.618 [$1,443.80].
Those shorting Ether to the downside have targets of 0.618, 0.5 [$1,260.80], 0.382 [$1,241.50], and 0 [$1,178.95].
ETH’s 24 hour price range is $1,276.23-$1,315.35 and its 7 day price range is $1,216.5-$1,336.21. Ether’s 52 week price range is $883.62-$4,878.
The price of ETH on this date in 2021 was $3,844.63.
The average price of ETH for the last 30 days is $1,329.56 and its -21.47% over the same period.
Ether’s price [+2.43%] closed its daily candle on Sunday worth $1,305.95 and in green digits for the second time over the last three days.
Cosmos Analysis
ATOM’s price also was lifted higher by bidders on Sunday and ATOM’s price finished its daily candle +$0.18.
The third chart we’re looking at today is the ATOM/USD 1D chart below from Augustus1st. ATOM’s price is trading between 0.5 [$8.25] and 0.618 [$12.29], at the time of writing.
If bullish ATOM traders fail to eclipse the 0.618 fib level they risk testing support at the $9.97 level. Below that level bearish ATOM traders have targets of 0.5 [$8.25] and 0.382 [$5.53].
ATOM’s price against The U.S. Dollar for the last 12 months is -65.88%, +8.01% against BTC, and +3.3% against ETH, over the same duration.
ATOM’s 24 hour price range is $11.5-$11.85 and its 7 day price range is $10.87-$13.22. The 52 week price range for ATOM is $5.55-$44.67.
ATOM’s price on this date last year was $32.43.
The average price of ATOM over the last 30 days is $13.33 and its -17.13% over the same time frame.
ATOM’s price [+1.60%] closed its daily session on Sunday worth $11.69 and in green figures for the second time in three days.
