As Bitcoin, Ethereum and Dogecoin show strength against the market, here’s a look heading into the weekend – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

Bitcoin BTC/USD fell around 2.5% lower during Friday’s 24-hour trading session as the crypto continued to give back part of the 6.8% gain that occurred between Monday and Tuesday.

Ethereum ETH/USD followed suit, and fell by around 1.5%, while Dogecoin DOGE/USDwhich has closely followed Bitcoin’s direction during the week, traded down around 2.6%.

The decline in the crypto sector is in step with S&P 500which had a very bearish day, plunging 2.8%.

Although the crypto sector has shown comparative strength against the general market in recent weeks, price action in Bitcoin, Ethereum and Dogecoin will be closely watched over the weekend to provide clues as to how the general market may behave next week.

Here’s a look at the three cryptos:

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The Bitcoin Chart: Despite trading lower for the third consecutive 24-hour trading period, Bitcoin held above a rising trendline on Friday afternoon, leading the crypto within an uptrend on the daily chart.

Bitcoin’s most recent high was printed on Tuesday at $20,479.93 and the most recent high low was formed at the $18,923.81 mark on October 2. If Bitcoin falls below the lower rising trendline, bullish traders will want to see the crypto form a bullish reversal candlestick above the higher low, otherwise the uptrend will be negated.

Bitcoin has resistance above at $19,915 and $21,313.41 and support below at $17,580 and $16,000.

The Ethereum Chart: Unlike Bitcoin, Ethereum has been trading in a sideways pattern since September 18, when the crypto lost support at $1,400 and with little volatility. On Friday, as Ethereum dipped lower, the crypto held above support at the eight-day exponential moving average, which is a good sign for the bulls.

Overall, Ethereum trading volume has decreased since September 18th. This indicates that the crypto is either in a consolidation or distribution phase and traders and investors can look for either large bearish volume or large bullish volume to eventually come in and break Ethereum up or down from the sideways pattern to indicate future direction.

Ethereum has resistance above at $1,421.80 and $1,717.41 and support below at $1,245 and $1,081.

The Dogecoin Chart: Like Bitcoin, Dogecoin has been trading in an uptrend since September 19th, with the most recent high being formed on Wednesday and Thursday at $0.0668 and the most recent higher low being printed at the $0.0588 mark on October 2nd and October 3.

Because Dogecoin formed its last higher high and last higher low over four consecutive days, a double bottom and a double top pattern has formed on the cryptograph. Bullish traders will want to see Dogecoin shoot above the recent high in the coming days to indicate that the uptrend will continue.

Bearish traders will want to see the stock fall below the recent low or for the crypto to rise and form a triple top pattern at $0.0668.

Dogecoin has resistance above at $0.065 and $0.075 and support below at $0.057 and at 5 cents.

Also See: Bitcoin, Ethereum, Dogecoin Fall As Binance Smart Chain Halts: Analyst Says “Only a Matter of Time Before We See Short Liquidations”

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