Overview
Chart #1 - Ethereum (ETHUSDT) Daily
Chart #2 - Gains Network (GNSUSDT) Daily
Chart #3 - Bitcoin (BTCUSD) Daily
Chart #4 - Theta (THETAUSDT) Daily
Chart #5 - Fear and Greed Index
Chart #1 - Ethereum (ETHUSDT) Daily
Chartist: Sheldon
(For the chart screenshot, click here.)
ETH is trading at around $2,280 and oversold on the daily timeframe.
Now, it looks like the price is on its way to test the $2,400 - $2,500 area of resistance once again, which is the same area where the price got rejected last week.
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Chart #2 - Gains Network (GNSUSDT) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
Gains has started to create a macro higher low and looks good for another move upward.
It looks promising for a move up to $8.14.
Iβll place my stop below the prior lows at $3.33.
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Chart #3 - Bitcoin (BTCUSD) Daily
Chartist: Kyle
(For the chart screenshot, click here.)
Bitcoin is holding above the key $42,000 level and range high.
With multiple risk factors to consider, the advantage leans towards the bulls.Β
Price is above the 200 moving average (MA), above the range high, and above the upsloping trend line. The last thing that needs to be reclaimed is the pivot level for the RSI to turn back up.
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Chart #4 - Theta (THETAUSDT) Daily
Chartist: Sheldon
(For the chart screenshot, click here.)
THETA is currently trading at $1.09 and is oversold!
It looks like the price is on its way to test $1.18 - $1.20, which is the same area where the price got rejected last week.
If it can break through there, it could head as high as $1.35.
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Chart #5 - Fear and Greed Index
The Fear and Greed Index is sitting at 72 today, indicating Greed.
The highest the index has been over the past seven days is 72, and the lowest is 65.
Banterβs Take
If Bitcoin can continue to hold above $42,000, a higher low will be set, and the $45,000 level, which has untapped liquidity, will eventually be reached. The break above that level would set $48,000 as the next target.
Stay safe my friends!
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