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Bitcoin, Ethereum, Dogecoin bearish pressure is strong

Over the weekend, Bitcoin had a shorter price recovery of $ 46,900 to $ 50,700. As this week began, the price was back in the current $ 48,750. So we can expect continued pressure on the MA200-day moving average. On the upper side, the MA20 is approaching a moving average, and we expect its pressure soon.

Bullish scenario:

We need new positive consolidation and keeping the price above the $ 48,000 zone.
With the support of the MA200 moving average, we need a break above the top trend line and a price of $ 52,000.
After that, we get the support of the MA20 moving average, and with other support, we can expect further price recovery.
Our next resistance zone is at $ 56,000, then we come across the MA50 moving average, and a break above it can take us to an area of around $ 60,000.

Bearish scenario:

We need continued negative consolidation and new pressure on the MA200 moving average.
For the continuation to continue, we need a break below $ 46,700 to enter the continuation of the bearish trend.
The next support awaits us at around $ 44,000, and a further lowering of the price to a stronger support zone to $ 40,000.

Ethereum chart analysis

Looking at the daily chart of Ethereum, we see that the price will again test the bottom line of this growing channel. We have already had a price withdrawal below the support line once. In last week’s fall, the price dropped to $ 3500, then recovered to $ 4500, and after that, we have a new price pull to $ 3800 this weekend. Monday is bearish for the price of Ethereum, and we are now testing the zone at $ 4000 before going down to the bottom trend line.

Bullish scenario:

We need a new positive consolidation and a rise in price above $ 4,200 yesterday’s resistance.
Then we approach $ 4300 to the upper trend line.
Additional resistance in that $ 4300-4400 zone is our MA20 and MA50 moving averages.
If the price can overcome that, we climb and test the zone at $ 4,500.
A further break above can take up to 4800% of the previous high from the beginning of December.

Bearish scenario:

We need to continue the negative consolidation to the bottom line of this channel.
Break below us down to $ 3800, then continue towards the previous lower low to $ 3500.
We can ask for more support in the region of around 3200 with the MA200 moving average.

Dogecoin chart analysis

The price of Dogecoin is still in a strong bearish trend, now it is currently testing support at 0.16000, but it seems more and more that we will see a break below. Last week, the price fell to 0.13100 at one point, then retreated to 0.18000. After that, the price moves again in negative consolidation with a view to the lower levels on the chart.

Bullish scenario:

We need a new positive consolidation and a return of prices above 0.18000.
We come across the upper trend line and the MA20 moving average at that level.
In the further break above, the next torch is at 0.20000, then the zone at 0.22000 with additional resistance in the MA50 moving average.
The MA200 is in the zone around 0.25000.

Bearish scenario:

We need to continue this negative consolidation and the price drop below 0.16000.
After that, the potential support is at 0.15000, and if it doesn’t last, we go down to the previous lower low at 0.13100.
Depending on the strength of the bearish pressure, 0.10000 is also a potential target zone.

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Bitcoin TradingChart AnalysisDogecoin (DOGE)EtherMarkets News and Charts

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