Crypto analysis for BTC, ETH, EGLD, ADA and DOGE - October 21, 2024
Crypto market in the last 24h:
🌐 Global market cap: $2.39T (+1.99%)
📊 Total 24h volume: $69.17B (+65.26%)
💰 DeFi volume: $4.79B (6.93% of total volume)
🔒 Stablecoin volume: $61.05B (88.26% of total volume)
💵 Bitcoin dominance: 57.14% (-0.46%)
Bitcoin (BTC) Analysis
BTC has formed an M pattern along with bearish divergence, increasing the probability of a bearish move. For confirmation, a breakdown and candle closing below the support zone of 67,983 USD is needed, which could lead to targets of 67,354 USD and 66,784 USD.
Ethereum (ETH) Analysis
ETH has formed a descending channel with bearish divergence, increasing the probability of a bearish move. For confirmation, a breakdown and candle closing below the support zone of 2,549 USD is required, which could lead to targets of 2,502 USD and 2,459 USD.
MultiversX (EGLD) Analysis
EGLD has formed an inverse head and shoulders pattern, increasing the probability of a bullish move. For confirmation, we need a candle closing above the resistance zone of 28.17 USD, which could lead to targets of 29.24 USD and 30.47 USD.
Cardano (ADA) Analysis
ADA has formed a W pattern accompanied by bullish divergence, increasing the probability of a bullish move. For confirmation, we need a breakout and candle closing above the resistance zone of 0.370 USD, which could give us targets of 0.386 USD and 0.401 USD.
Dogecoin (DOGE) Analysis
DOGE has formed a consolidation after the bullish move, shaping a bull flag pattern, increasing the probability of a trend continuation. For confirmation, we need a breakout and candle closing above the resistance zone of 0.1470 USD, which can give us targets of 0.1518 USD and 0.1571 USD.
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