The marketcap has been moving up (+1.22%) since yesterday. The total capitalization is 272 978 908 716 USD.
Bitcoin totals 177 459 957 429 USD of capitalization for a dominance of 65.10%.
Ethereum’s marketcap is 22 831 980 798 USD, followed by Ripple with 13 525 539 148 USD.
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The Bitcoin closed the previous session at 10085$ and is now evolving at around 9950$ with a rather positive technical situation.
On a 4-hour horizon, the technical situation shows signs of overbought with a CCI approaching its 100 level, a WaveTrends about to cross and a MACD showing signs of downward curves.
What to do about it?
If you are in position, place your stop-loss above your purchase price. If you are not yet in position, wait for a return on a support before positioning yourself.
- The supports of the day are at 9600$ – 9100$
- The resistances of the day are at 10000$ – 10200$
The Ethereum is still evolving in its consolidation triangle with a rather positive daily technical situation.
On a shorter horizon, in 4 hours, the indicators have already given a sales signal as evidenced by the CCI and WaveTrends which have already crossed downwards. In addition, a slight hidden downward divergence is visible between the MACD and prices over a 4-hour horizon.
What to do about it?
If you are in position, stop-loss above the purchase price. If you are not yet in position, we advise you to wait for the triangle to break.
- The supports of the day are at 205$ – 190$
- The resistances of the day are at 220$ – 235$
BTC and ETH are under their monthly open.
We recommend to wait for a resistance break or a return on support in the case of BTC and a triangle break for ETH.
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