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Since yesterday things have not changed much for the encrypted market, the valuation is around the same levels as yesterday.
- Market Cap: $ 108,993,826,973
- 24 hours a day: $ 11,000,972,340
- BTC Dominance: 54.9%
Looking at the global chart you can see that the valuation went higher than yesterday's opening and reached $ 111.734 million at the highest point, but fell back to yesterday's low levels and is now average .
As a result, the market is in red with an average percentage of variation among the top 100 coins equal to about 1.7%.
The dominance of the Bitcoin market has remained around the same levels since yesterday as it currently stands at 54.9%.
Bitcoin BTC / USD price
From yesterday's opening to $ 3420, the price of Bitcoin has increased by 1.9% measured at the current level on which the crypt is traded, which amounts to $ 3491. The price has risen further and yesterday has reached $ 3557, but from there it fell back to $ 3459 before arriving at current levels.
The time table does not seem to be decided because both the sellers and the buyers are putting the same pressure on the price at the moment, which is why a symmetrical triangle is formed. This can also be indicated by the MACD indicator that moving averages have merged into one point. The price is currently testing the horizontal level at $ 3493 for support and if the support is not there it will go to the triangle support line for a new test. If the media is there, we might see a break on the positive side of what I expect to see.
Market sentiment
The technical Bitcoin hourly chart is reporting a sale.
Rotation points
S3 3117.9
S2 3320.3
S1 3427.9
P 3522.7
R1 3630.3
R2 3725.1
R3 3927.5
Litecoin LTC / USD price
Since yesterday's opening, when Litecoin's price was $ 23.598 at current levels at $ 24.57, the cryptocurrency increased by 4.46%. The price went up first to $ 25.45 for yesterday's high from where another downturn occurred.
Looking at the hourly chart you can see that the price action has formed a symmetrical triangle, which looks like a bearish banner considering the context of price action. Its resistance line is the support of the previous structure and was well respected in the past both on the previous structure as support and now as resistance.
Yesterday's opening was on the triangle's support line and the maximum was at the resistance, so the price is currently mid-range compared to yesterday's move. Since it is a symmetrical triangle, it is likely a rupture on both sides, but since bears have control of the market even if the price goes up, I expect a lower minimum around the horizontal support levels at $ 21.9
Market sentiment
The technical indicators of the Litecoin hourly chart report a purchase.
Rotation points
S3 20.104
S2 22.425
S1 23.596
P 24.746
R1 25.917
R2 27.067
R3 29.388
EOS EOS / USD price
From yesterday's opening at $ 1,845, the price of EOS rose by 9.12% compared to current levels of $ 2.0145.
Looking at the hourly chart you can see that the price has risen even yesterday, and has just reached a bit below the horizontal resistance level before going down to test the previous one and now it is above the horizontal level of $ 1.986. Since the price has found support there and is currently in an upward trajectory, above the 50-hour SMMA we can see another attempt to interrupt the mentioned resistance.
Market sentiment
EOS is in the purchase area.
Rotation points
S3 1.4519
S2 1.7152
S1 1.8609
P 1.9785
R1 2.1242
R2 2.2418
R3 2.5051
Conclusion
After a certain period of consolidation, prices are ready for the next move, so a breakout from the current symmetrical triangle seen on the graph of the coins analyzed and as well as the graphs of many major cryptocurrencies. The direction of a breakout is not yet clear. The analysis of my yesterday with Bitcoin Elliott Wave emphasizes that there should be a breakout from the upside followed by another lower minimum, but this may not happen as prices could simply fall in a straight line from here.
