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

BTC/USD Uncertainty Around 46931: Sally Ho’s Technical Analysis 18 December 2021 BTC

December 17, 2021
in Crypto News
Reading Time: 2 mins read
A A
BTC/USD Uncertainty Around 46931: Sally Ho’s Technical Analysis 18 December 2021 BTC
ShareShareShareShareShare

Bitcoin (BTC/USD) sought to recover some lost ground early in the Asian session as the pair gained ground following a sharp decline to the 46734.49 level during the European session after Stops were elected below the 46931.57 level, representing the 23.6% retracement of the depreciating range from 50828.13 to 45727.92.  Stops were also elected below the 47613.96 and 47168.85 levels during the descent, areas that represent the 50% and 61.8% retracements of the appreciating range from 45727.92 to 49500.   BTC/USD peaked around the 49500 level after recovering from a descent to the 45727.92 area earlier this week.

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.  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 200-bar MA (hourly) and above the 100-bar MA (hourly).

Price activity is nearest the 50-bar MA (4-hourly) at 48342.19 and the 100-bar MA (Hourly) at 47856.37.

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 Bearishly below SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bullishly above 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

Will New Tax Rules Hinder or Help Cryptocurrency Investors?

Next Post

Blockchain Gaming Adoption Jumps, But Regulation & Education Obstacles Are High

Next Post
Blockchain Gaming Adoption Jumps, But Regulation & Education Obstacles Are High

Blockchain Gaming Adoption Jumps, But Regulation & Education Obstacles Are High

Leave a Reply Cancel reply

Your email address will not be published.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

Weekly Updates

Price Prediction: By February 9, 2023, Zilliqa (ZIL) Value Will Increase to $0.045938

Price Prediction: By February 9, 2023, Zilliqa (ZIL) Value Will Increase to $0.045938

February 4, 2023
The Bitcoin price surge has led to a market FOMO among small BTC addresses

The Bitcoin price surge has led to a market FOMO among small BTC addresses

February 7, 2023
Crypto Companies Will Reportedly Have No Presence During Super Bowl LVII

Crypto Companies Will Reportedly Have No Presence During Super Bowl LVII

February 8, 2023
Synthetix Price Is Up 15% To $2.6, Reasons To Buy SNX

Synthetix Price Is Up 15% To $2.6, Reasons To Buy SNX

February 2, 2023
Core Scientific to Pay Outstanding Debt with Mining Machines

Core Scientific to Pay Outstanding Debt with Mining Machines

February 5, 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!

  • U.K. Launches CBDC Project Backed by BoE
  • Shiba Inu scores massive 1.3M holders amid coming up Shibarium
  • 3AC Founder Accused Of Obstructing Court Orders

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) $ 23,113.00 0.42%
  • ethereumEthereum (ETH) $ 1,674.55 2.04%
  • tetherTether (USDT) $ 1.00 0.13%
  • bnbBNB (BNB) $ 331.91 0.76%
  • usd-coinUSD Coin (USDC) $ 0.999979 0.13%
  • xrpXRP (XRP) $ 0.401608 1%
  • binance-usdBinance USD (BUSD) $ 1.00 0.1%
  • cardanoCardano (ADA) $ 0.400183 2.66%
  • dogecoinDogecoin (DOGE) $ 0.092088 0.85%
  • matic-networkPolygon (MATIC) $ 1.32 6.5%
  • okbOKB (OKB) $ 45.46 2.5%
  • solanaSolana (SOL) $ 23.68 1.67%
  • staked-etherLido Staked Ether (STETH) $ 1,670.65 2.02%
  • shiba-inuShiba Inu (SHIB) $ 0.000014 0.51%
  • polkadotPolkadot (DOT) $ 6.87 2.18%
  • litecoinLitecoin (LTC) $ 100.64 1.09%
  • avalanche-2Avalanche (AVAX) $ 20.59 2.29%
  • tronTRON (TRX) $ 0.067832 4.86%
  • uniswapUniswap (UNI) $ 6.92 1.46%
  • daiDai (DAI) $ 0.999861 0.13%
  • cosmosCosmos Hub (ATOM) $ 15.29 4.46%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,099.00 0.34%
  • chainlinkChainlink (LINK) $ 7.23 2.94%
  • the-open-networkToncoin (TON) $ 2.29 2.88%
  • ethereum-classicEthereum Classic (ETC) $ 23.03 1.96%
  • leo-tokenLEO Token (LEO) $ 3.38 0.03%
  • moneroMonero (XMR) $ 168.25 0.72%
  • bitcoin-cashBitcoin Cash (BCH) $ 134.12 0.4%
  • aptosAptos (APT) $ 15.52 2.1%
  • stellarStellar (XLM) $ 0.092292 2.25%
  • nearNEAR Protocol (NEAR) $ 2.72 15.58%
  • apecoinApeCoin (APE) $ 6.04 5.69%
  • crypto-com-chainCronos (CRO) $ 0.085014 5.46%
  • filecoinFilecoin (FIL) $ 5.60 4.19%
  • lido-daoLido DAO (LDO) $ 2.52 4.5%
  • algorandAlgorand (ALGO) $ 0.290030 5.29%
  • quant-networkQuant (QNT) $ 141.34 2.25%
  • hedera-hashgraphHedera (HBAR) $ 0.078391 13.51%
  • vechainVeChain (VET) $ 0.025970 5.14%
  • internet-computerInternet Computer (ICP) $ 5.95 4.34%
  • the-graphThe Graph (GRT) $ 0.189410 3.19%
  • fantomFantom (FTM) $ 0.557255 0.33%
  • the-sandboxThe Sandbox (SAND) $ 0.867051 19.37%
  • decentralandDecentraland (MANA) $ 0.790712 7.94%
  • axie-infinityAxie Infinity (AXS) $ 11.95 7.45%
  • aaveAave (AAVE) $ 89.31 2.81%
  • flowFlow (FLOW) $ 1.23 9.94%
  • eosEOS (EOS) $ 1.11 2.73%
  • elrond-erd-2MultiversX (EGLD) $ 47.43 3.83%
  • theta-tokenTheta Network (THETA) $ 1.17 1.9%