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

BTC/USD Tests Technical Resistance at 48745: Sally Ho’s Technical Analysis 16 December 2021 BTC

December 15, 2021
in Crypto News
Reading Time: 2 mins read
A A
BTC/USD Tests Technical Resistance at 48745: Sally Ho’s Technical Analysis 16 December 2021 BTC
ShareShareShareShareShare

Bitcoin (BTC/USD) was sluggish early in the Asian session as the pair depreciated to the 47444.44 level after trading as high as the 48775.74 level during the European session, with the intraday high representing a test of a downside price objective related to selling pressure from the 59118.84 area, and also representing a test of the 61.8% retracement of the depreciating range from 50828.13 to 45727.92.  Bids that emerged during the North American session around the interday low represented a test of the 61.8% retracement of the recent appreciating range from 46459.50 to 48795.  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 48833.43 and the 50-bar MA (Hourly) at 47486.22.

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 Bearishly below SlowD while MACD is Bearishly below 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

7 Tips for Choosing The Top Personal Loan Company

Next Post

ECOMI’s VeVe Launches on Immutable X in a Bid to Boost Premium NFTs on Ethereum

Next Post
ECOMI’s VeVe Launches on Immutable X in a Bid to Boost Premium NFTs on Ethereum

ECOMI’s VeVe Launches on Immutable X in a Bid to Boost Premium NFTs on Ethereum

Leave a Reply Cancel reply

Your email address will not be published.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

Weekly Updates

Proof Reveals Artists Behind Grails III NFT Release, Urging Collectors to Appreciate Digital Art Over Hype

Proof Reveals Artists Behind Grails III NFT Release, Urging Collectors to Appreciate Digital Art Over Hype

January 27, 2023
Warren asks Congress to help SEC fight crypto fraud

Warren asks Congress to help SEC fight crypto fraud

January 26, 2023
SEC and Grayscale to Debate on a Bitcoin ETF in Court in March

SEC and Grayscale to Debate on a Bitcoin ETF in Court in March

January 24, 2023
Bitcoin Cash advocate Roger Ver sued for $20.8 million

Bitcoin Cash advocate Roger Ver sued for $20.8 million

January 26, 2023
Crypto Lender BlockFi Files for Bankrupty Protection in the US

BlockFi Has $1.2 Billon FTX, Alameda Exposure

January 25, 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!

  • Will Jim Cramer’s Bitcoin Price Prediction Be Wrong Again?
  • Cryptocurrency might be the greatest Ponzi scheme of all time
  • Hector Network launches its NFT marketplace on Fantom (FTM), Solana (SOL) price enters correction territory after 80% gains, Snowfall Protocol (SNW) price growth becomes the highest so far in 2023

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) $ 23,508.00 2.33%
  • ethereumEthereum (ETH) $ 1,611.36 1.75%
  • tetherTether (USDT) $ 1.00 0.25%
  • usd-coinUSD Coin (USDC) $ 0.999698 0.01%
  • bnbBNB (BNB) $ 315.88 2.87%
  • xrpXRP (XRP) $ 0.414590 0.76%
  • binance-usdBinance USD (BUSD) $ 1.00 0.11%
  • cardanoCardano (ADA) $ 0.390525 1.3%
  • dogecoinDogecoin (DOGE) $ 0.090211 0.31%
  • matic-networkPolygon (MATIC) $ 1.16 3.47%
  • okbOKB (OKB) $ 39.77 3.3%
  • solanaSolana (SOL) $ 24.43 0.67%
  • staked-etherLido Staked Ether (STETH) $ 1,609.76 1.72%
  • polkadotPolkadot (DOT) $ 6.60 1.73%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 0.27%
  • litecoinLitecoin (LTC) $ 95.60 8.1%
  • avalanche-2Avalanche (AVAX) $ 20.65 1.56%
  • tronTRON (TRX) $ 0.063616 1.34%
  • uniswapUniswap (UNI) $ 6.91 2.12%
  • daiDai (DAI) $ 1.00 0.11%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,408.00 2.09%
  • cosmosCosmos Hub (ATOM) $ 13.52 0.99%
  • the-open-networkToncoin (TON) $ 2.49 3.05%
  • chainlinkChainlink (LINK) $ 7.42 1.46%
  • leo-tokenLEO Token (LEO) $ 3.67 1.6%
  • moneroMonero (XMR) $ 184.92 2.12%
  • ethereum-classicEthereum Classic (ETC) $ 22.43 2.66%
  • aptosAptos (APT) $ 18.33 4.57%
  • bitcoin-cashBitcoin Cash (BCH) $ 136.87 2.71%
  • stellarStellar (XLM) $ 0.093732 0.32%
  • apecoinApeCoin (APE) $ 6.16 1.47%
  • quant-networkQuant (QNT) $ 150.90 0.54%
  • nearNEAR Protocol (NEAR) $ 2.56 0.9%
  • crypto-com-chainCronos (CRO) $ 0.082124 0.54%
  • filecoinFilecoin (FIL) $ 5.39 0.98%
  • lido-daoLido DAO (LDO) $ 2.28 0.72%
  • algorandAlgorand (ALGO) $ 0.260057 1.34%
  • vechainVeChain (VET) $ 0.024744 1.95%
  • internet-computerInternet Computer (ICP) $ 6.12 3.78%
  • hedera-hashgraphHedera (HBAR) $ 0.068668 0.89%
  • axie-infinityAxie Infinity (AXS) $ 11.74 0.21%
  • decentralandDecentraland (MANA) $ 0.733796 4.85%
  • aaveAave (AAVE) $ 86.93 0.47%
  • fantomFantom (FTM) $ 0.477855 3.13%
  • eosEOS (EOS) $ 1.11 1.42%
  • the-sandboxThe Sandbox (SAND) $ 0.755212 1.23%
  • flowFlow (FLOW) $ 1.10 0.86%
  • elrond-erd-2MultiversX (EGLD) $ 45.08 0.48%
  • theta-tokenTheta Network (THETA) $ 1.11 1.92%
  • tezosTezos (XTZ) $ 1.18 5.97%