Summary
Bitcoin Analysis
Bitcoin’s price alternated between green and red candles over the weekend and when Sunday’s session was etched in the history books, BTC’s price was -$35.6.
The BTC/USD 4HR chart below from LevRidge is the opening chart for our price analyses this Monday. At the time of writing, BTC’s price is trading between the 0.618 fibonacci level [$16,594.3] and the 0.55 fib level [$16,789.9].
The overhead targets on Bitcoin are 0.55, 0.382 [$17,273.2], 0.21 [$17,767.9] and a full retracement at 0 [$18,372.0] on the 4HR time frame.
Bearish BTC traders are conversely trying to push BTC’s price beneath the 0.618 fib level again followed by targets of 0.724 [16,289.4], 0.786 [$16,111.1], 0.886 [$15,823.5], 1 [$15,495.5] and the 1.13 fib level [$15,121.6].
Bitcoin’s Moving Averages: 5-Day [$17,399.77], 20-Day [$16,854.00], 50-Day [$18,120.48], 100-Day [$19,563.48], 200-Day [$25,556.47], Year to Date [$28,614.24].
BTC’s 24 hour price range is $16,663.1-$16,863.3 and its 7 day price range is $16,650.25-$18,320.82. Bitcoin’s 52 week price range is $15,501-$52,027.
The price of Bitcoin on this date last year was $46,716.5.
The average price of BTC for the last 30 days is $16,835.6 and its +1.1% over the same stretch.
Bitcoin’s price [-0.21%] closed its daily candle worth $16,740.6 and in red digits for the third time in four days on Sunday.
Ethereum Analysis
Ether’s price marked down again on Sunday and has finished in negative figures for four out of the last five days. When traders settled-up on ETH on Sunday, ETH’s price was -$4.51.
The ETH/USD 1W chart by karagis75 is the second chart we’re analyzing this Monday and Ether’s price is again trading below the $1,200 level, at the time of writing.
If bullish Ether traders are somehow able to recover and send ETH’s price back up, the targets on the asset are 0.236 [$1,336.41], 0.382 [$1,505.76], 0.5 [$1,642.66], 0.618 [$1,779.51] and 0.764 [$1,948.86].
Contrariwise, bearish Ether traders want to crack the 0 fib level [$1,062.66] with the $1k level as a secondary aim. The third target to the downside for bearish traders is the $883.62 level which is ETH’s multi-year low.
Ether’s Moving Averages: 5-Day [$1,273.09], 20-Day [$1,234.74], 50-Day [$1,314.22], 100-Day [$1,443.79], 200-Day [$1,791.32], Year to Date [$2,015.91].
ETH’s 24 hour price range is $1,170.32-$1,199.54 and its 7 day price range is $1,168.39-$1,343.42. Ether’s 52 week price range is $883.62-$4,148.85.
The price of ETH on this date in 2021 was $3,925.8.
The average price of ETH for the last 30 days is $1,228.58 and its -2.36% over the same period.
Ether’s price [-0.38%] closed its daily session on Sunday worth $1,182.64.
Algorand Analysis
Algorand’s price has also marked down four of the last five days and when Sunday’s candle was printed, ALGO’s price was -$0.0061.
The final chart for Monday’s price analyses is the ALGO/USD 1W chart via wistfulautomata. ALGO’s price finished just outside the falling wedge pattern that it has spent the majority of 2022 within.
If ALGO bulls can get back inside that pattern and can break the $0.33 level then the next target for bullish ALGO market participants is $0.3778.
Algorand’s 24 hour price range is $0.186-$0.195 and its 7 day price range is $0.185-$0.228. ALGO’s 52 week price range is $0.18-$1.84.
On this date last year Algorand’s price was $1.35.
The average price of ALGO over the last 30 days is $0.234 and its -30.01% for the same duration.
Algorand’s price [-3.29%] closed its daily candle worth $0.188 on Sunday.
