Analysis of Bitcoin, Ethereum and Polkadot charts

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Bitcoin Analysis 

Bitcoin’s price finished in green figures by less than 1% on Monday and concluded its daily session +$23.90.  

The first chart we’re analyzing today is the BTC/USD 1W chart below from Abdullahi2021. BTC’s price is trading between the 0.786 fibonacci level [$36,418.40] and 0.618 [$42,657.89], at the time of writing. 

The targets for bullish BTC traders are 0.618, 0.5 [$47,040.40], 0.382 [$51,422.90] and 0.236 [$56,845.32]. 

If bearish traders get their way and can continue the larger downtrend their targets are 0.786, and 1 [$28,470.47].

Bitcoin Analysis
BTC/USD 1W chart: the price has been trading between the 0.786 fibonacci level [$36,418.40] and 0.618 [$42,657.89]

The Fear and Greed Index is 27 Fear and is -1 from Monday’s reading of 28 Fear.

Fear and Greed
Fear and Greed Index is 27 Fear

Bitcoin’s Moving Averages: 5-Day [$38,885.44], 20-Day [$40,761.05], 50-Day [$41,460.17], 100-Day [$42,337.96], 200-Day [$47,075.24], Year to Date [$41,337.08].

BTC’s 24 hour price range is $37,840-$39,132 and its 7 day price range is $37,777-$40,606. Bitcoin’s 52 week price range is $29,341-$69,044. 

The price of bitcoin on this date last year was $57,200. 

The average price of BTC for the last 30 days is $41,085. 

Bitcoin’s price [+0.06%] closed its daily candle worth $38,520 on Monday and in green figures for a second straight day. 

Ethereum Analysis 

Ether’s price outpaced bitcoin for the second day in a row by percentage and ETH concluded its daily session +$30.34.  

The second chart we’re looking at today is the ETH/USD 1W chart below by Cheesy-Bean_and_Rice-Burrito. Ether’s price is trading between 0.5 [$2,473.95] and 0.382 [$3,038.21], at the time of writing. 

Overhead targets for bullish ETH traders are 0.382 followed by 0.236 [$3,736.37].

The targets below for bearish Ether market participants are 0.5, 0.618 [$1,909.69], and 0.786 [$1,106.33].

Ethereum Analysis 
ETH/USD 1W chart: the price has been trading between 0.5 [$2,473.95] and 0.382 [$3,038.21]

Ether’s Moving Averages: 5-Day [$2,852.20], 20-Day [$3,035.65], 50-Day [$2,953.40], 100-Day [$3,107.35], 200-Day [$3,381.66], Year to Date [$2,973.49].

ETH’s 24 hour price range is $2,761-$2,873 and its 7 day price range is $2,738-$3,016. Ether’s 52 week price range is $1,719-$4,878. 

The price of ETH on this date in 2021 was $3,439.

The average price of ETH for the last 30 days is $3,065.60. 

Ether’s price [+1.07%] closed its daily candle on Monday worth $2,855.98 and in green figures for a second consecutive day. 

Polkadot Analysis

Polkadot’s price failed to get the price lift that BTC and ETH received from bullish bidders on Monday and wrapped up Monday’s daily session -$0.398. 

The third chart we’re looking at today is the DOT/USD 1W chart by YoungSlav. Traders can see that DOT’s price has broken a long-term trend line to the downside. 

Polkadot Analysis
DOT/USD 1W chart: the price has broken a long-term trend line to the downside

The fourth chart we’re looking at today is the DOT/USD 1D chart below from knownAccount84951. On the 1D chart DOT’s price is trading between the 0.786 fib level [$14.18] and 0.618 [$15.32]

The targets for bullish DOT traders on the daily timescale are 0.618, 0.5 [$16.12], 0.382 [$16.93]. 

Conversely, bearish DOT traders are eyeing a break of the 0.786 fib level followed by a target of 1 [$12.72]. 

Polkadot Analysis
DOT/USD 1D chart: the price has been trading between the 0.786 fib level [$14.18] and 0.618 [$15.32]

Polkadot’s Moving Averages: 5-Day [$16.38], 20-Day [$18.21], 50-Day [$18.64], 100-Day [$21.03], 200-Day [$27.18], Year to Date [$20.01].

Polkadot’s 24 hour price range is $14.64-$15.57 and its 7 day price range is $14.57-$18.24. DOT’s 52 week price range is $10.37-$54.98. 

Polkadot’s price on this date last year was $37.31. 

The average price of DOT over the last 30 days is $18.51. 

Polkadot’s price [-2.59%] closed its daily candle worth $14.97 and in red digits for the third time over the last four days on Monday.

Source: https://en.cryptonomist.ch/2022/05/03/bitcoin-ethereum-polkadot-analyses/