The marketcap has been moving down (-0.02%) since yesterday. The total capitalization is 258 891 621 887 USD.
Bitcoin totals 185 268 115 560 USD of capitalization for a dominance of 70.3%.
Ethereum’s marketcap is 10 979 909 748 USD, followed by Ripple with 19 372 178 209 USD
The BTC closed with a bullish move, breaking the weekly open. It is around $10,300 and the daily technical situation is rather positive.
The MACD still does not cross and is rising, the WaveTrends is also rising. The CCI curves down.
On a 4-hour horizon, the MACD is up as well as the WaveTrends which however show signs of curvature. The CCI shows a slightly upward trend. The situation is also positive.
What to do about it?
We recommend waiting for confirmation that the weekly open has become a support.
- The supports of the day are at 10300$ – 10000$
- The resistances of the day are at 10500$ – 10800$
The Closing of the ETH confirms the resistance role of the weekly open. The ETH is around $180 and the daily situation is rather positive despite some uncertainty due to the shape of the candle. The MACD and WaveTrends are up, but the latter indicator shows signs of curvature. The CCI is slightly bearish. Over a horizon of 4 hours, the CCI is on the rise. The MACD is close to crossing again and the WaveTrends soon seems to cross downward. Therefore, a return to the monthly open is always possible but caution is advised because a break in the weekly is also always possible. We will therefore wait for a return on support or a resistance break before positioning.
- The supports of the day are at 172.1$ – 168$
- The resistances of the day are at 185$ – 195$
We advise you to wait for a return on support or resistance breakage for BTC and ETH.
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