One More Low Before a Recovery (BTC, EOS & LTC Price)

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From yesterday's open at $ 142,758,002,000 the evaluation of the crypto market cap has increased slightly as its currently sitting at around $ 147B. The evaluation went slightly higher yesterday hitting $ 152B at the highest point but is now by around 5 billion lower.

  • Market Cap: $ 146,826,498.468
  • 24h Vol: $ 15,025,066,673
  • BTC Dominance: 53.2%

Cryptocurrency Price Analysis

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Consequently, the market is mixed with 1.58-3.6%. Metaverse ETP with a decrease of 10.56%, Holo with 10.34%. Aurora is the cryptocurrency with the biggest increase today of 12.27% followed by Basic Attention Token with an increase of 9.28%.

Bitcoin's dominance has been steadily hovering around the same levels but has increased over the last 24 hours by 0.2%.

Bitcoin Price BTC / USD

Bitcoin has increased by 1.12% based on the current levels of $ 4554.7.



Looking at the hourly chart you can see that the price has formed a symmetrical triangle. The triangle is a cluster formation which states consolidation before a trend continuation move. The cluster was formed around the two significant level intersections – the horizontal support at around $ 4700 and the baseline supported by the descending channel (bold black line). Minus Z wave is to develop. The breakout might be already started by the looks of the current red candle, but you can see the price. line we can not say conclusively that a breakout, in fact, started until we see a candle reaching below the end points which would be below $ 4431.

Market sentiment

Bitcoin is the sell zone.

Pivot points

S3 3715.6
S2 4784.7
S1 5206.5
P 5853.8
R1 6275.6
R2 6922.9
R3 7992.0

Litecoin Price LTC / USD

From the price of Litecoin has not changed much has experienced an increase of 5.12% overall coming from $ 32.6 to $ 34.3 where it is currently trading.

Today I had more historical data to fully conclude the direction of the break from the current price of Litecoin's. WXY ended Another Minute WXYXZ correction in the opposite direction Support level significant enough which is at around $ 27.

Market sentiment

Litecoin is in the sell zone.

Pivot points

S3 22.206
S2 33.778
S1 38.128
P 45.350
R1 49.700
R2 56.922
R3 68.494

EOS Price EOS / USD

From yesterday's open the price of EOS has only increased by 1.6% overall and is currently hovering around $ 3.76 levels. The price went higher to $ 3.91 but has failed to exceed that levels which is why on the second attempt the price fell further to the yesterday's support level on which it is currently hovering.

On the EOS hourly chart, you can see the combination of the Elliott Wave from the Bitcoin's chart as well as counting the sub-waves from the current symmetrical pattern from the cryptos at the moment. As you can see I was labeled this down at Minute WXYXZ correction, so considering that the W wave was the extended one, we are interacting with.

Market sentiment

Hourly chart technical indicators are signaling a sell.

Pivot points

S3 3.2530
S2 4.3516
S1 4.8004
P 5.4502
R1 5.8990
R2 6.5488
R3 7.6474

Conclusion

This is the end of the last three months of the year.

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