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Bitcoin, Ethereum, Decentraland Price Analyses

Bitcoin Analysis 


Bitcoin Analysis 

Bitcoin’s price closed back above the $30k level on Tuesday and +$588 for its daily session. Unfortunately, for bullish traders, the bearish engulfing candle from Monday’s daily session is in fact still valid until BTC paints a candle close above the open of that candle. 

The first chart we’re analyzing today is the BTC/USD 1W chart below from TradingShot. BTC’s price is trading between the 0 fibonacci level [$25,427.18] and 0.5 [$35,038.78], at the time of writing. 

The overhead targets for bullish BTC traders are 0.5 and 1 [$48,283.61].

Conversely, bearish traders are looking to push BTC’s price below the 0 fib level with the 1W MA200 as the next major target of bears.

BTC/USD 1W chart: the price is trading between the 0 fibonacci level [$25,427.18] and 0.5 [$35,038.78]

The Fear and Greed Index is 12 Extreme Fear and is +4 from Tuesday’s reading of 8 Extreme Fear. 

Fear and Greed
The Fear and Greed Index is 12 Extreme Fear

Bitcoin’s Moving Averages: 5-Day [$29,405.55], 20-Day [$35,742.09], 50-Day [$39,828.14], 100-Day [$40,544.28], 200-Day [$46,618.86], Year to Date [$40,346.41].

BTC’s 24 hour price range is $29,548-$30,745 and its 7 day price range is $26,910-$31,948. Bitcoin’s 52 week price range is $26,600-$69,044. 

The price of Bitcoin on this date last year was $42,935. 

The average price of BTC for the last 30 days is $36,236.3 and BTC’s -26.3% over the same duration.

Bitcoin’s price [+1.97%] closed its daily candle worth $30,442 and in green figures for the fourth time over the last five days. 

Ethereum Analysis 

Ether’s price closed up greater than 3% on Tuesday and outpaced Bitcoin during the daily session. ETH’s price concluded the day +$68.14.  

The second chart we’re looking at today is the ETH/USD 4HR chart below by EdgarTigranyan. Ether’s price is trading between 23.60% [$2,006.74] and 38.20% [$2,191.11], at the time of writing. 

Bullish Ether traders have continued to defend the $2k level but for how long can they hold that level as support if the macro continues its larger downtrend?

The overhead targets for Ether bulls are 38.20%, 50.00% [$2,340.13], 61.80% [$2,489.15].

From the perspective of bearish traders – they’re looking to snap the 23.60% to the downside with a secondary target of 0.00% [$1,708.70].

Ethereum Analysis
ETH/USD 4HR chart: the price is trading between 23.60% [$2,006.74] and 38.20% [$2,191.11]

Ether’s Moving Averages: 5-Day [$2,024.13], 20-Day [$2,612.71], 50-Day [$2,876.58], 100-Day [$2,928.09], 200-Day [$3,366.28], Year to Date [$2,903.69].

ETH’s 24 hour price range is $2,017-$2,118 and its 7 day price range is $1,824-$2,442. Ether’s 52 week price range is $1,719-$4,878. 

The price of ETH on this date in 2021 was $3,376.3.

The average price of ETH for the last 30 days is $2,648.6 and ETH’s -32.75% over the same time frame. 

Ether’s price [+3.37%] closed its daily candle on Tuesday worth $2,091.13 and has also closed in green digits for four times over the last five days.

Decentraland Analysis

Decentraland’s price painted the best candle by percentage of the lot on Tuesday and concluded its daily session +$0.043. 

The MANA/USD 1D chart below from peterbhc shows BTC’s price trading between 0 [$0.588] and 0.236 [$1.844], at the time of writing.

If MANA’s price breaks out of its descending triangle to the bottom of the pattern, the next price level to break to the downside is the $0.58 level. 

Bullish traders on the other hand have the opportunity to run back to the 0.382 and still be inside this large triangle pattern on the daily time frame that pre-dates 2022.

Decentraland Analysis
MANA/USD 1D chart: the price trading between 0 [$0.588] and 0.236 [$1.844]

MANA’s price is 14.66% against The U.S. Dollar for the last 12 months, +66.08% against BTC, and +82.26% against ETH over the same duration. 

MANA’s Moving Averages: 5-Day [$0.989], 20-Day [$1.500], Year to Date [$1.948].

MANA’s 24 hour price range is $1.16-$1.25 and its 7 day price range is $0.66-$1.34. Decentraland’s 52 week price range is $0.639-$5.85. 

Decentraland’s price on this date last year was $2.45.

The average price of MANA over the last 30 days is $1.564 and MANA’s -44.91% over the same timespan. 

Decentraland’s price [+3.74%] closed its daily candle on Tuesday worth $1.21 and has finished in green digits as well four times over the last five daily candle closes.





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