Market Analysis of April 15th, 2020
The marketcap has been moving down (-0.47%) since yesterday. The total capitalization is 195 872 677 403 USD.
Bitcoin totals 125 573 984 838 USD of capitalization for a dominance of 64.10%. Ethereum’s marketcap is 17 533 943 810 USD, followed by Ripple with 8 241 114 212 USD.
Market Sentiment
Bitcoin Analysis
The BTC closed higher in a doji shape showing the uncertainty in the market and is trading around $6846.
The daily technical situation is negative and remains rather negative in 4 hours.
What to do about it?
There are no bullish signs at the moment. We are hoping for a small drop and a test of the support.
- The supports of the day are at 6500$ — 6100$
- The resistances of the day are at 7000$ — 7500$
Ethereum Analysis
ETH closed higher in doji form, indicating indecision in the market and is trading around $159.
The daily technical situation is rather negative but seems rather positive in 4 hours.
What to do?
ETH is consolidating and above a support, a test of it would be interesting before positioning.
- The supports of the day are at 154.7$ — 146.4$
- The resistances of the day are at 174$ — 177$
Conclusion
The daily technical situation is negative for ETH and BTC.
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