Market Analysis of March 17th

The marketcap has been moving down (-1.21%) since yesterday. The total capitalization is 1 703 898 200 938 USD.

Bitcoin totals 1 026 489 506 687 USD of capitalization for a dominance of 60.3%. Ethereum’s marketcap is 204 400 328 006 USD, followed by Cardano with 39 437 997 883 USD.

Market Sentiment

Latest Crypto Fear & Greed Index

Bitcoin Analysis

The BTC closed higher, trading around $55000.

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

What to do about it?

 The best thing to do is to wait for a better entry point. 

  • The supports of the day are at 50000$ — 55000$
  • The resistance of the day is at 58000$

Risk-free no credit card required
Start today with a free 7-day
trial!

Ethereum Analysis

This is the same story for ETH, trading around $1780 at the time of writting these lines.

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

What to do about it?

 

The best thing to do is to wait for a better entry point.

  • The supports of the day are at 1690$ — 1740$
  • The resistance of the day is at 1800$

Conclusion

We have to wait for a better entry point for ETH and BTC.


You can join us on Telegram for a follow-up of the market throughout the day.
For any question, our team will be happy to answer you on our support which is open 7/7 days.


For any information about our subscriptions, please visit our pricing page.

Risk-free no credit card required
Start today with a free 7-day
trial!

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.