MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

BTC/USD Given from 50148 Technical Resistance: Sally Ho’s Technical Analysis 12 December 2021 BTC

December 11, 2021
in Crypto News
Reading Time: 2 mins read
A A
BTC/USD Given from 50148 Technical Resistance: Sally Ho’s Technical Analysis 12 December 2021 BTC
ShareShareShareShareShare

Bitcoin (BTC/USD) remained on the defensive early in the Asian session as the pair continued to plumb lows below the psychologically-important 50000 figure after brief buying activity up to the 50148.49 level late last week, representing a test of the 38.2% retracement of the appreciating range from 47200 to 51995.  Traders knocked BTC/USD as low as the 46786.78 area in recent trading sessions, below recent downside price objectives around the 47426 level.   Negative market sentiment recently pushed BTC/USD as low as the 42333 level, representing the pair’s weakest print since early October.  Selling pressure commenced around the 59114.84 level in recent weeks and many Stops were elected below downside price objectives during the selling pressure, including the 56533, 56080, 55735, 54295, 54114, 53748, 53600, 53046, 52351, 51322, 51171, 50185, 49361, 47400, 47426, 44974, and 44667 levels. 

If BTC/USD extends its recent weakness lower, additional downside price objectives include the 44974, 44667, 42333, 41252, 41053, and 35734 levels.  Following the pair’s recent volatility, upside retracement levels and areas of potential technical resistance include the 52706.65, 55157.38, and 55526.67 areas. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and below the 200-bar MA (4-hourly).   Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 49979.55 and the 50-bar MA (Hourly) at 48436.41.

Technical Support is expected around 42151.91/ 38670.39/ 35734.12 with Stops expected below.

Technical Resistance is expected around 52706.65/ 55157.38/ 55526.67 with Stops expected above.  

On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.

On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.                                                                                                                                               

 

Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Credit: Source link

ShareSendTweetPinShare
Previous Post

Woman loses $20K in cryptocurrency scam: Avon Lake police blotter

Next Post

SOL Struggles to Hold Above $170 as Bears Dominate Momentum

Next Post
SOL Struggles to Hold Above $170 as Bears Dominate Momentum

SOL Struggles to Hold Above $170 as Bears Dominate Momentum

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Reentrancy Exploit Siphons $3m Off Orion Protocol

Reentrancy Exploit Siphons $3m Off Orion Protocol

February 4, 2023
Lebanese People Turn to Crypto Amid the Country’s Financial Collapse: Report

Lebanon Devalues its Currency by 90%, Snowden Believes Bitcoin Fixes This

February 1, 2023
MakerDAO announces a $5M legal defense fund

MakerDAO announces a $5M legal defense fund

February 1, 2023
Ripple (XRP) and Stellar Lumens (XLM) will be backbone of payment system of the future

Ripple and VeChain to conquer this futuristic billion-$-market

February 5, 2023
dYdX Price Prediction As DYDX Bulls Fight Off A Supplier Congestion Zone

dYdX Price Prediction As DYDX Bulls Fight Off A Supplier Congestion Zone

February 4, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • Shiba Inu scores massive 1.3M holders amid coming up Shibarium
  • 3AC Founder Accused Of Obstructing Court Orders
  • Korean authorities confirm search for Do Kwon

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 23,132.00 0.5%
  • ethereumEthereum (ETH) $ 1,672.22 1.73%
  • tetherTether (USDT) $ 1.00 0.05%
  • bnbBNB (BNB) $ 331.01 0.2%
  • usd-coinUSD Coin (USDC) $ 1.00 0.01%
  • xrpXRP (XRP) $ 0.401200 0.94%
  • binance-usdBinance USD (BUSD) $ 1.00 0.03%
  • cardanoCardano (ADA) $ 0.398178 1.97%
  • dogecoinDogecoin (DOGE) $ 0.091972 0.42%
  • matic-networkPolygon (MATIC) $ 1.30 4.74%
  • okbOKB (OKB) $ 45.25 1.81%
  • solanaSolana (SOL) $ 23.72 1.61%
  • staked-etherLido Staked Ether (STETH) $ 1,669.57 1.79%
  • shiba-inuShiba Inu (SHIB) $ 0.000014 0.01%
  • polkadotPolkadot (DOT) $ 6.86 1.84%
  • litecoinLitecoin (LTC) $ 100.81 1.39%
  • avalanche-2Avalanche (AVAX) $ 20.52 1.71%
  • tronTRON (TRX) $ 0.066182 2.32%
  • uniswapUniswap (UNI) $ 6.88 0.35%
  • daiDai (DAI) $ 0.999834 0.05%
  • cosmosCosmos Hub (ATOM) $ 15.09 2.7%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,114.00 0.57%
  • chainlinkChainlink (LINK) $ 7.20 2.22%
  • the-open-networkToncoin (TON) $ 2.30 2.42%
  • ethereum-classicEthereum Classic (ETC) $ 23.03 1.84%
  • leo-tokenLEO Token (LEO) $ 3.37 0.74%
  • moneroMonero (XMR) $ 167.13 0.14%
  • bitcoin-cashBitcoin Cash (BCH) $ 134.30 0.55%
  • aptosAptos (APT) $ 15.50 2.36%
  • stellarStellar (XLM) $ 0.091749 1.51%
  • nearNEAR Protocol (NEAR) $ 2.70 14.4%
  • apecoinApeCoin (APE) $ 5.96 4.25%
  • lido-daoLido DAO (LDO) $ 2.55 5.3%
  • crypto-com-chainCronos (CRO) $ 0.084856 5.14%
  • filecoinFilecoin (FIL) $ 5.59 3.69%
  • algorandAlgorand (ALGO) $ 0.291139 5.68%
  • quant-networkQuant (QNT) $ 140.27 1.26%
  • hedera-hashgraphHedera (HBAR) $ 0.076721 10.96%
  • vechainVeChain (VET) $ 0.025918 4.67%
  • internet-computerInternet Computer (ICP) $ 5.91 3.71%
  • the-graphThe Graph (GRT) $ 0.185775 3.79%
  • fantomFantom (FTM) $ 0.558448 0.28%
  • the-sandboxThe Sandbox (SAND) $ 0.868674 20.08%
  • decentralandDecentraland (MANA) $ 0.786585 6.88%
  • axie-infinityAxie Infinity (AXS) $ 11.93 6.93%
  • flowFlow (FLOW) $ 1.23 9.08%
  • aaveAave (AAVE) $ 88.98 2.34%
  • eosEOS (EOS) $ 1.10 1.96%
  • elrond-erd-2MultiversX (EGLD) $ 47.25 3.31%
  • theta-tokenTheta Network (THETA) $ 1.16 1%