Coinbase Global, Inc coin When Riot Blockchain, Inc Riot Empathizing on Monday, it was down more than 2% and 3% respectively Bitcoin BTC / USD When Ethereum ETH / USDBelow 2% and 4% respectively.
The vertex ciphers show indecision over a longer time frame when comparing their charts to each other. On the weekly chart, Bitcoin has rejected the 200-day simple moving average (SMA) for the last 6 weeks. However, Ethereum has surpassed the 200-day SMA of the week starting July 11th and continues to trade above that level.
The 200-day SMA is an important indicator, with Bitcoin below and Ethereum above that level, so technical traders and investors are wondering which direction the crypto sector will be in the coming weeks or months. You may be wary of whether you are heading.
Coinbase and Riot also showed some signs of indecision on Monday, and both crypto-related stocks are trying to print the same candlestick on their daily charts. The positive news is that Coinbase and Riot are trading on a confirmed uptrend, so Coinbase and Riot’s doji candlesticks may be the second highest lows after stock prices.
Want to analyze directly? Find me in the BZ Pro Lounge! Click here for a free trial.
Coinbase Chart: Coinbase turned to an uptrend on June 30th, hitting a recent high of $ 79 on July 20th and forming a recent high of $ 50.34 on July 14th. Stock prices rose on Tuesday and are expected to rise further in the coming days.
Coinbase’s Doji candlesticks were printed in less than average quantities. This is in line with the theory that inventories are consolidated and there is a shortage of sellers. At the time of the press, about 5.33 million Coinbase shares were exchanged for an average of 15.27 million shares over a 10-day period.
Coinbase is trading above the 8-day and 21-day moving averages (EMA), and the 8-day EMA is above 21-day, both of which are bullish indicators. Equities have also traded above the 50-day SMA, indicating that long-term sentiment is bullish.
Coinbase resistance is $ 83.82 and $ 112.14, and support is $ 60.99 and $ 40.83.
Riot Chart: Like Coinbase, Riot turned to an uptrend on July 1st, hitting its most recent high at $ 7.87 on July 22nd and confirming its latest low at $ 4.52 on July 13th. Did. The next highest low has been set, and stock prices will continue to rise as they trade high over the next few days.
Riots were also trading on Monday in less than average volumes. At the time of the press, Riot’s volume was about 8.84 million, with a 10-day average of 22.49 million.
Riots resisted above at $ 7.25 and $ 9.65, with support below at $ 5.54 and $ 4.36.
See: Nightmare Mark Cuban awaiting the crypto industry
