Bitcoin price closed its daily trading session at -$247.3 on Tuesday, ending its third straight day in the red.
The first chart we are looking at on Wednesday is the BTC/USD 4HR chart below. YM GroupAt the time of writing, BTC price is trading just below $24,000.
In the chart below, we can see that the BTC price may be in an accumulation zone before making its next move. If this is an accumulation zone and the price of BTC continues to rise, the target for bullish BTC traders is the current top of the channel at $27,000.
Bitcoin bulls can find support at the $22,000 levels if the bearish traders continue to push down.
The fear and greed index is 41 fear, -3 from Tuesday’s 44 fear.
Bitcoin Moving Average: 5 Days [$24,049.44],The 20th [$23,264.77]50 days [$22,314.61]100 days [$29,253.28]200 days [$37,565.3]year to date [$33,824.5].
BTC has a 24-hour price range of $23,671.2 to $24,247.5 and a 7-day price range of $22,826.07 to $24,995.08. His 52-week price range for Bitcoin is $17,611 to $69,044.
Bitcoin price on this day last year was $44,698.
The average price of BTC over the last 30 days is $23,090.3, +14% over the same period.
Bitcoin price [-1.03%] Closed the daily candle worth $23,855.6 on Tuesday.
Ether’s price also fell during Tuesday’s daily candlestick, with ETH at -$23.57 when traders settled at 12:00 UTC.
We also take a look at Ether on the same timeframe and the Ethereum/USD 4-hour chart below. Desmondles for Tuesday. Ether price is trading between 1 Fibonacci levels [$1,793.16] and 0.618 [$1,885.38]at the time of writing.
The bullish trader’s target overhead for ETH is 0.618, which will come back to test the recent high of $2,024.5.
Bearish traders shorting the Ether market are looking to push the price of ETH below the 1 fib level again, with a second target below the chart at 38.20%. [$1,773.36]The 38.20% Fibonacci level is a crucial level for controlling the Ethereum market in the short term. A drop below that level will confirm the current weakness of ETH. This means that it has broken below the heart line of the current ascending channel on the 4-hour timeframe and is testing the trend line.
Ether moving average: 5 days [$1,891.43],The 20th [$1,688.52]50 days [$1,414.07]100 days [$1,993.99]200 days [$2,698.72]year to date [$2,350.24].
ETH has a 24-hour price range of $1,853 to $1,915 and a 7-day price range of $1,671.64 to $2,024.5. Ether has a 52-week price range of $883.62 to $4,878.
The price of ETH on this day in 2021 was $3,012.34.
The average price of ETH over the last 30 days is $1,669.7, +52.30% over the same timeframe.
ether price [-1.24%] closed the $1,876.68 Daily Candle on Tuesday, posting a third straight day of losses.
EGLD was the top performer in the projects covered today, but closed lower than at the beginning of the session, with EGLD closing at -0.27 on Tuesday.
The final chart for Wednesday is the EGLD/USD 1D chart below. Musad AbdulazizAs of this writing, the EGLD price is rising against the overhead resistance of $65.28.
That price level for EGLD is an important historical level, and Elrond price has been above it after first breaking it for most of 2021 and the first half of 2022.
The price of EGLD for the same period is -56.55% against USD, -15.76% against BTC and -25.47% against ETH.
Elrond moving average: 5 days [$64.10],The 20th [$58.84]50 days [$56.41]100 days [$90.93]200 days [$N/A]year to date [$94.86].
EGLD has a 24-hour price range of $59.56 to $61.96 and a 7-day price range of $59.56 to $68.77. Elrond’s price range for his 52 weeks is $38.07-$542.7.
Elrond‘Last year the price on this day was $140.15.
The average price of EGLD over the last 30 days is $59.31, +2.23% over the same timeframe.
price of elrond [-0.44%] closed Tuesday’s daily session at $60.41, its fourth straight day of losses.