- The value of Bitcoin was buying and selling between $21,500-$22,000 throughout the earlier weekend.
- The value of Ethereum continues to slip under the $1500 degree.
Bitcoin chart evaluation
The value of Bitcoin was buying and selling between $21,500-$22,000 throughout the earlier weekend. This morning we retested the help on the $21500 degree. There may be nonetheless bearish stress that might push the worth under this help. If that occurs, we may search for the subsequent help on the $21,000 degree.
We’d like a optimistic consolidation and worth breakout above the $22000 degree for a bullish choice. Then we have to maintain on and, with a brand new impulse, begin the continuation of the worth restoration. Potential greater targets are the $22500 and $23000 ranges.
Ethereum chart evaluation
The value of Ethereum continues to slip under the $1500 degree. This morning the worth fell to the $1470 degree, forming a brand new February low. We’d like a continuation of this adverse consolidation and a drop to the $1450 degree for a bearish choice. For a bullish choice, we’d like a brand new optimistic consolidation and a return above the $1500 degree.
Then we have to attempt to maintain up there and, with the subsequent bullish impulse, proceed the restoration of the worth of Ethereum. Potential greater targets are the $1525 and $1550 ranges. If we may climb above $1550, we’d erase the losses we had over the weekend and provoke a stronger bullish impulse and a restoration within the worth of Ethereum.
BONUS VIDEO: Weekly information abstract from the markets
