Green for Bitcoin, Ethereum and MATIC

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Bitcoin Analysis

After closing the Sunday daily candle above the 1D 50MA for the first time in more than two months, BTC price followed that momentum to start the new week on Monday with a green daily candle and +$61.

The BTC/USD 1D chart below from TradingShot is the company’s first price analysis today. BTC price continued its rise on Monday and we can see on the daily timescale below that it is making higher internal lows.

While the past week was mostly dominated by bullish BTC traders, they still have their work cut out to find the MA200 1D back at the $19,565 level.

On the downside, they are again looking to send BTC price below the 1D MA50 before retesting BTC’s multi-year low of $15,505.

BTC/USD 1D chart: price continued to rise on Monday

The fear and greed rating is 26 fear and is +1 from Monday’s reading of 25 extreme fear.

The fear and greed index is 26

Bitcoin Moving Averages: 5 Days [$16,900.76]20 days [$16,924.48]50 days [$17,277.01]100 days [$18,572.36]200 days [$23,558.06]Year to date [$16,874.50].

The 24-hour BTC price range is $17,123-$17,400 and its 7-day price range is $16,690-$17,400. The 52-week Bitcoin price range is $15,505 to $48,162.9.

The Bitcoin price on this date last year was $41,830.3.

The average price of BTC over the last 30 days is $16,914.4 and its +2.5% over the same period.

bitcoin price [+0.36%] closed its daily candle worth $17,180.1 on Monday and in green numbers for the seventh time in nine days.

Ethereum Analysis

On Monday, the price of ETH rose again and when traders concluded for the day, the price of ETH was at +$32.24.

The second chart examined today is BojBrouns’ ETH/USD 2D chart. ETH price is trading just above the demand zone shown on the chart below, at the time of writing.

Ether bull market participants are targeting a break above the trendline at the $1,343 level. If they are successful in this goal, the next target is the low of the supply zone which coincides with the $1,682 level.

If the bulls are successful, they may be able to break the $2,000 level again in a bid to test the top of the supply zone at $2,160.

Conversely, bearish players in the Ether market are hoping to undo the last few days of bullish price action and use recent optimism around the macro cryptocurrency market to provide liquidity to short sellers.

ETH/USD 2D Chart: Price is trading just above the demand zone shown on the chart

Moving averages of Ethers: 5 days [$1,260.45]20 days [$1,235.88]50 days [$1,271.77]100 days [$1,361.69]200 days [$1,654.17]Year to date [$1,253.65].

ETH’s 24-hour price range is $1,281.99-$1,344.91 and its 7-day price range is $1,213-$1,344.91. The 52-week Ethers price range is $883.62 to $3,579.96.

The price of ETH on this date in 2022 was $3,085.46.

The average price of ETH for the last 30 days is $1,235.13 and its +7.33% over the same period.

Ether prices [+2.50%] closed its daily session on Monday worth $1,320.49 and ETH also ended seven of the last nine daily candles in positive numbers.

matic analysis

Matics price ended Monday less than 1% higher than it did on Sunday. Polygon continued its streak of daily green candles and when traders settled down, MATIC was at +$0.003.

The last chart to analyze this Tuesday is the MATIC/USD 1D chart via MonoCoinSignal. MATIC price is trading between the 38.20% Fibonacci level [$0.8267] and the 50.00% fiber level [$0.8504]at the time of writing.

Upside targets on MATIC are 50.00%, 61.80% [$0.8741]78.60% [$0.9079]and the fibonacci level of 100.00% [$0.9508].

On the contrary, the downside targets for the bearish participants of the MATIC market are 38.20%, 23.60% [$0.7974]and a full retracement to 0 [$0.7500].

MATIC/USD 1D chart: Price is trading between the 38.20% Fibonacci level [$0.8267] and the 50.00% fiber level [$0.8504]Moving averages MATIC: 5 days [$0.80073]20 days [$0.81507]50 days [$0.87853]100 days [$0.85276]200 days [$0.84980]Year to date [$0.79864].

The price of MATIC is +5.97% against the US Dollar over the past 90 days, +17.19% against BTC and +3.05% against ETH over the same period.

Polygons 24-hour price range is $0.835-$0.877 and its 7-day price range is $0.78-$0.877. The 52 week MATICs price range is $0.317 to $2.451.

The price of polygons on this date last year was $2.07.

The average price of MATIC over the last 30 days is $0.822 and its -6.13% over the same period.

Polygon prices [+0.35%] printed a green daily candle on Monday and ended the day at $0.843. Monday’s trading session was the fourth day in a row that market participants pushed MATIC’s price higher.

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