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Happy Crypto Holiday? Bitcoin, Ethereum, Dogecoin Weekend Charts – Bitcoin (BTC/USD), Ethereum (ETH/USD), Dogecoin (DOGE/USD)

Delbert Williams IIBy No Comments2 Mins Read

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Bitcoin Bitcoin/USD After briefly emerging during Friday’s 24-hour trading session, it turned around and traded almost flat.

This move S&P 500was attempting some gains on Thursday’s close, but was trading in a consolidated inside bar pattern with lower-than-average volume.

Lack of volume across major indices and crypto sectors was also due ethereum Ethereum/USD When dogecoin Doge/US Dollar Heading into the holiday weekend, both bulls and bears appear to be dormant and trade close to flat.

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Trading volumes are likely to remain low for the next few days, but when traders return to their desks, perhaps next week there will be something to watch on the Bitcoin, Ethereum and Dogecoin charts.

bitcoin and ethereum chart: Bitcoin and Ethereum have reversed the recent downtrend by posting higher lows in Thursday’s 24-hour trading session. Both Bitcoin and Ethereum need to post higher highs in the coming days for the cryptocurrency to confirm a new uptrend.

Bitcoin and Ethereum are trading below the bearish 8- and 21-day exponential moving averages (EMA) and 50-day simple moving average (SMA). If cryptocurrencies rise to new highs, Bitcoin and Ethereum will retake their moving averages, giving bullish traders more confidence ahead.

Cryptocurrencies are likely to continue trading roughly flat until Bitcoin and Ethereum trade volumes recover.

Bitcoin has resistances at $17,580 and $19,915 and supports at $16,797 and $16,000.

Ethereum has resistances at $1,231.28 and $1,421.80 with supports at $1,081 and $997.Dogecoin Chart: Dogecoin has been retesting the 200-day SMA as support all week, and during Friday’s session, the cryptocurrency was about to move away from Thursday’s mother bar. Dogecoin tried to regain his 8-day EMA as support but failed due to lower-than-average trading volume.

Unlike Bitcoin and Ethereum, Dogecoin has yet to deny the current downtrend. For that to happen, Dogecoin needs to surge above 8 cents or retrace and make new lows above 7 cents.

Dogecoin has resistances at $0.083 and $0.091, with supports at $0.075 and 7 cents.

READ NEXT: Dogecoin (DOGE) favored by Elon Musk to outperform Tesla in 2022

Image: Pixabay

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Born in the early 80s in Milwaukee, Wisconsin, Delbert Williams II has always had a passion for writing. Even in high school, he earned excellent grades in English and writing classes. After attending John Marshall High School, he graduated from Project Stay Alternative High School in Milwaukee. From there, Delbert attended Milwaukee Area Technical College, where he studied music and communications. While he enjoyed these fields, his love for writing remained strong. In 2019, Delbert founded Hard Stack Street Mag, a publication that quickly gained a following for its unique and engaging content. As the founder and editor-in-chief of the magazine, he has worked tirelessly to produce quality articles that cover a wide range of topics, including music, art, culture, and politics. Now 42 years old, Delbert continues to pursue his passion for writing and journalism. Through Hard Stack Street Mag, he has created a platform that allows him to share his voice and perspective with readers from all over the world. With a strong background in writing and a deep understanding of the power of storytelling, Delbert Williams II is a writer to watch. He is dedicated to producing content that is both informative and engaging, and he is committed to using his platform to shine a light on important issues that are often overlooked by mainstream media.

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