Market Analysis of April 17, 2020

The marketcap has been moving up (+1.45%) since yesterday. The total capitalization is 204 029 030 954 USD.

Bitcoin totals 130 461 865 980 USD of capitalization for a dominance of 64.00%. Ethereum’s marketcap is 19 000 474 263 USD, followed by Ripple with 8 372 399 143 USD.

Market Sentiment

HOW TO READ THE MARKET SENTIMENT ?

Bitcoin Analysis

BTC closed higher and is trading around $7107.

The daily technical situation is positive and remains positive in 4 hours.

What to do about it?

We can expect a retest of $7200 and prepare for different scenarios.

  • The supports of the day are at 7000$ — 6500$
  • The resistances of the day are at 7200$ — 7500$

Ethereum Analysis

ETH closed higher and is trading around $171.

The daily technical situation is positive and remains positive in 4 hours.

What to do?

ETH is moving in a range, be careful of the reactions in case of a resistance test.

  • The supports of the day are at 162$ — 154$
  • The resistances of the day are at 174$ — 177$

Conclusion

The daily technical situation is positive for ETH and BTC.

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