The marketcap has been moving up (+10.09%) since yesterday. The total capitalization is 321.645.577.372 USD.
Bitcoin totals 199.437.118.797 USD of capitalization for a dominance of 62%.
Ethereum’s marketcap is 31.458.834.114 USD, followed by Ripple with 17.099.322.494 USD.
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The Bitcoin reached a low point of around $9600 in the previous session before bouncing back and closing in the form of a hammer candlestick at $10,942.
- The daily technical situation remains negative, however, although there are signs of upward curves on the WaveTrends and the CCI.
- On a 4-hour horizon, the technical situation is positive.
What to do about it?
If you are still in position, place your stop-loss above your purchase price. If you are not yet in position, wait for a return to the $10,900 rack or the $11,500 break before reassessing the situation.
- The supports of the day are at 10900$ – 10500$
- The resistances of the day are at 11500$ – 12200$
Ethereum also rebounded in the previous session and is currently around $292. The daily technical situation is negative with nevertheless signs of upward curvature on the WaveTrends.
The technical situation over a 4-hour horizon is rather positive, but with signs of downward curvature on the WaveTrends and the CCI.
What to do about it?
The situation of ETH is less clear than that of Bitcoin, which is why we advise you to wait for a $300 break before positioning yourself upwards.
- The supports of the day are at 280$ – 262$
- The resistances of the day are at 300$ – 320$
BTC and ETH are in a range between their support and their resistance.
BTC: We advise you to wait for a return on the support ( $10900) or a break of $12000 before positioning yourself
ETH: We advise you to wait for a $300 break before proceeding with the purchase.
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