Analysis of the value of Bitcoin, Ethereum and CRO

Bitcoin Analysis

Bitcoin’s price marked down for a fourth day in a row on Sunday, but bullish traders can rejoice in the fact that over those four days, the cumulative price drop was only 1.21%. As traders settled on BTC for Sunday’s session to end the week, BTC’s price was -$30.4.

The BTC/USD 1D Chart of TradingShot is the first chart we analyze for this Monday. BTC’s price trades between the 0 fibonacci level [$15,483.74] and 0.5 fib level [$18,462.92]at the time of writing.

The primary goal of bullish BTC market participants is the 0.5 fib level, which is also the 4HR MA 200. If bullish traders can regain this level on two key high timeframes, they can shift their focus to the 1 fib level [$21,442.11].

Bearish BTC traders Conversely, they are looking to continue their momentum as they have controlled most of the price action in 2022. Their first fib target to the downside is the 0 fibonacci level which is a retest of BTC’s multi-year low.

We can see on the historical value chart of The Fear and Greed Index that BTC’s price is up 7 points from last week and starts a new week on 28 Fear.

Bitcoin’s moving average: 5 days [$16,258.07]20 days [$17,828.51]50 days [$18,839.68]100 days [$20,294.00]200 days [$27,264.61]Year to date [$29,352.22].

BTC’s 24-hour price range is $16,415-$16,600 and its 7-day price range is $15,665-$16,753. Bitcoin’s 52-week price range is $15,501-$59,174.

The price of Bitcoin on this date last year was $57,325.

The average price of BTC for the last 30 days is $18,240.4 and its -17.7% over the same interval.

Bitcoin’s price [-0.18%] closed its daily candle worth $16,426.5 on Sunday.

Ethereum analysis

Ether price also traded lower at Sunday’s close than at the session’s open, but ETH ended in the green for 5 of the last 7 days. However, when Sunday’s candlestick was printed, ETH’s price was in negative numbers at -$11.79.

The second chart we analyze today is ETH/USD 1D Chart from The soup. At the time of writing, ETH’s price trades between the 0 fib level [$776.79] and 0.236 [$1,760.81].

Bullish ETH market participants must first claim the $1448 level again which was ETH’s 2018 ATH. If they can get above that level, their goals are the following; 0.236, 0.382 [$2,369.57]0.5 [$2,861.58]0.618 [$3,359.59]0.786 [$4,054.07] and the 1 fibonacci level [$4,946.36] which is ETH’s ATH on Binance’s daily chart.

Bearish traders looking to test ETH’s multi-year low of $776.79 in time and continue to dictate Ether’s price action heading into 2023 in just over a month.

Ether’s Moving Average: 5-day [$1,157.64]20 days [$1,316.49]50 days [$1,336.81]100 days [$1,468.44]200 days [$1,898.02]Year to date [$2,064.14].

ETH’s 24-hour price range is $1,188.65-$1,223.33 and its 7-day price range is $1,082.89-$1,223.33. Ether’s 52-week price range is $883.62-$4778.

The price of ETH on this date in 2021 was $4,297.52.

The average price of ETH for the last 30 days is $1,354.28 and its -16.77% in the same period.

Ether price [-0.98%] ended its daily session on Sunday worth $1,193.35.

CRO Analysis

The CRO/USD 4HR Chart below from BigBCFinance is the chart we look at finally to conclude Monday’s price analyses.

CRO’s price action over the past two weeks has produced a triangle pattern which appears to be nearing the end of its formation.

The chartist indicates that market participants could be looking at a measured move of 28% either to the upside or downside in the coming days.

If oxen break out to the upside and it values ​​28% which would bring CRO’s price to the $0.086 level.

On the contrary, a measured move past bearish traders on a break out to the downside is the $0.046 level.

CRO’s moving average: 5-day [$0.06512]20 days [$0.08388]50 days [$0.09862]100 days [$0.11385]Year to date [$0.17742].

Crypto.com’s 24-hour price range is $0.0642-$0.0651 and 7-day price range is $0.06288-$0.06843. The 52-week price range for Cronos is $0.0543-$0.7758.

Crypto.com’s price on this date last year was $0.7499.

CRO’s average price over the last 30 days is $0.0892 and its -40.68% over the same time period.

Crypto.com’s price [-0.46%] ended its daily session on Sunday at $0.0643 and in the red for a fourth consecutive day.