Market Analysis of April 15, 2020

The marketcap has been moving down (-0.47%) since yesterday. The total capitalization is 195 872 677 403 USD.

Bitcoin totals 125 573 984 838 USD of capitalization for a dominance of 64.10%. Ethereum’s marketcap is 17 533 943 810 USD, followed by Ripple with 8 241 114 212 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

The BTC closed higher in a doji shape showing the uncertainty in the market and is trading around $6846.

The daily technical situation is negative and remains rather negative in 4 hours.

What to do about it?

There are no bullish signs at the moment. We are hoping for a small drop and a test of the support.

  • The supports of the day are at 6500$ — 6100$
  • The resistances of the day are at 7000$ — 7500$

Ethereum Analysis

ETH closed higher in doji form, indicating indecision in the market and is trading around $159.

The daily technical situation is rather negative but seems rather positive in 4 hours.

What to do?

ETH is consolidating and above a support, a test of it would be interesting before positioning.

  • The supports of the day are at 154.7$ — 146.4$
  • The resistances of the day are at 174$ — 177$

Conclusion

The daily technical situation is negative for ETH and BTC.

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