{"id":5764,"date":"2020-09-25T16:49:48","date_gmt":"2020-09-25T11:19:48","guid":{"rendered":"https:\/\/zebpay.com\/?p=5764"},"modified":"2022-01-31T10:57:29","modified_gmt":"2022-01-31T10:57:29","slug":"weekly-trade-report-btc-eth-bat","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/weekly-trade-report-btc-eth-bat","title":{"rendered":"Weekly Trade Report: BTC, ETH, BAT"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-trade-report-btc-eth-bat\/#Bitcoin_BTC_Technical_Analysis_and_Chart\" title=\"Bitcoin (BTC) Technical Analysis and Chart\">Bitcoin (BTC) Technical Analysis and Chart<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-trade-report-btc-eth-bat\/#Ethereum_ETH_Technical_Analysis_and_Chart\" title=\"Ethereum (ETH) Technical Analysis and Chart\">Ethereum (ETH) Technical Analysis and Chart<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-trade-report-btc-eth-bat\/#Basic_Attention_Token_BAT_Technical_Analysis_and_Chart\" title=\"Basic Attention Token (BAT) Technical Analysis and Chart\">Basic Attention Token (BAT) Technical Analysis and Chart<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-trade-report-btc-eth-bat\/#Weekly_Trade_Summary_Sheet\" title=\"Weekly Trade Summary Sheet\">Weekly Trade Summary Sheet<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-trade-report-btc-eth-bat\/#Weekly_Price_Analysis\" title=\"Weekly Price Analysis\">Weekly Price Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-trade-report-btc-eth-bat\/#Weekly_Volume_Analysis\" title=\"Weekly Volume Analysis\">Weekly Volume Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-trade-report-btc-eth-bat\/#Weekly_Price_Pointers\" title=\"Weekly Price Pointers\">Weekly Price Pointers<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/zebpay.com\/in\/blog\/weekly-trade-report-btc-eth-bat\/#Market_Updates\" title=\"Market Updates\">Market Updates<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><strong>25&nbsp; September 2020 | ZebPay Trade-Desk<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bitcoin-btc-technical-analysis-and-chart\"><span class=\"ez-toc-section\" id=\"Bitcoin_BTC_Technical_Analysis_and_Chart\"><\/span><strong>Bitcoin <\/strong><a href=\"https:\/\/pro.zebpay.com\/trade\/BTC-USDT\"><strong>(BTC)<\/strong><\/a><strong> Technical Analysis and Chart<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At the time of writing, <a href=\"https:\/\/zebpay.com\/in\/buy-bitcoin\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin<\/a> is trading around $10,320 reflecting a loss of 1.39% approximately over the period of 24-hours.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/R7SMa-Sx4mWuH3Riy5IRtU97-kCH7BPXmwWaIzY6xKUIn5Ao7ygFYTqoY9iov9MbTfoCfq-Fy_GMZBKbFivSBOOc2y_29vIcEgKE3eHh0rxp-ssz2lw80dhQgBcSXw\" alt=\"\"\/><figcaption>Source: <a href=\"https:\/\/cryptowat.ch\/charts\/COINBASE-PRO:BTC-USD?period=1w_Monday\" target=\"_blank\" rel=\"noopener\">Cryptowatch<\/a><\/figcaption><\/figure>\n\n\n\n<p>As we see in the bitcoin chart above, the Bitcoin bulls have been defending the clinical level of $10,000 since July after failure to breach $12,000 last month level and thus, the biggest asset my market capitalization has been trading in the tight range just above the 10k mark.<br><br>The ascending bullish pattern (channel as shown in the chart ) hasn\u2019t been negated yet and BTC shall find strong support around $9,750 followed by $7,850 levels. On the upper side, BTC finds small resistance at $10,800 above which it will find ease in picking the prices up again. The falling EMA crossover and MACD histogram near 0, provides a reason to worry but should be negated with price maintaining above critical levels (200 day EMA and above the lower band of channel)<br><br>The fibonacci immediate retracements also finds it place between the $10,300-$9000 mark indicating strong support in the region. BTC is still strong after a healthy correction and the analysis will be negated if prices fall below $9,750 in a shorter time frame. Technical standpoint remains as \u201cBuy on Dips\u201d till the support levels mentioned above are not broken.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ethereum-eth-technical-analysis-and-chart\"><span class=\"ez-toc-section\" id=\"Ethereum_ETH_Technical_Analysis_and_Chart\"><\/span><strong>Ethereum <\/strong><a href=\"https:\/\/pro.zebpay.com\/trade\/ETH-USDT\"><strong>(ETH)<\/strong><\/a><strong> Technical Analysis and Chart<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At the time of writing, Ethereum is trading around $329.18 reflecting a loss of 1.45% approximately over the period of 24-hours.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/nBZngZvQEkFXTKAei9YrypFJ2UXamCH74c-vIWebozRXD7HsNicZMoWGn8J9ilmO97qq1XhpJNUwO3cSm5OqadakgjC-v2WJ3Eh9uS2SI1NlWVjAauq8wDMCG2j6dw\" alt=\"\"\/><figcaption><strong>Source: <\/strong><a href=\"https:\/\/cryptowat.ch\/charts\/BITFINEX:ETH-USD?period=1w_Monday\" target=\"_blank\" rel=\"noopener\">Cryptowatch<\/a><\/figcaption><\/figure>\n\n\n\n<p>As we see in the chart above, the Ethereum is trading close to support level 0f $310-305 after making a local high of $488.85 last month. Currently, close to 21 days EMA (just above), both the moving average and support level haven\u2019t been tested this month.&nbsp;<\/p>\n\n\n\n<p>Breaching these levels Ethereum has strong support around $260, yet if support remains intact next small resistance is at $365 on the upper side. Ethereum has been under pressure since reversing from the local high this month with largely sideways last few days with stable volumes, making the support level or the EMA level a good entry point.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-basic-attention-token-bat-technical-analysis-and-chart\"><span class=\"ez-toc-section\" id=\"Basic_Attention_Token_BAT_Technical_Analysis_and_Chart\"><\/span><strong>Basic Attention Token <\/strong><a href=\"https:\/\/pro.zebpay.com\/trade\/BAT-INR\"><strong>(BAT)<\/strong><\/a><strong> Technical Analysis and Chart<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At the time of writing, BAT is trading around $0.219 reflecting a loss of about 3.85% approximately over the period of 24-hours.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/Albu_PL-M-491o_LeWl1iTAqXDIMYm5fFcIfFkk1-AAhP5Ozi1wy9TjT9x1c-rRNYkLCzK8mk6m5rgQMJYYyOSooLmz4Muv-4SfwupwL6_2TcR1aJ_Alvv1K6KNYeg\" alt=\"\"\/><figcaption><strong>Source: <\/strong><a href=\"https:\/\/cryptowat.ch\/charts\/COINBASE-PRO:BAT-USDC?period=1w_Monday\" target=\"_blank\" rel=\"noopener\">Cryptowatch<\/a><\/figcaption><\/figure>\n\n\n\n<p>BAT had a bearish run overall for the month, it breaches the support at $0.26 this month (which acts as a resistance now), now has an EMA crossover. Next support comes at around $0.18, despite this RSI is close to neutral level, these observations along with breakout from the channel makes it ripe for further sell off.<br><\/p>\n\n\n\n<p>The Analysis will be negated if BAT breaches the EMA convincingly <strong>.<\/strong><\/p>\n\n\n\n<h2 class=\"data-collection wp-block-heading\" id=\"h-weekly-trade-summary-sheet\"><span class=\"ez-toc-section\" id=\"Weekly_Trade_Summary_Sheet\"><\/span><strong>Weekly Trade Summary Sheet<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"data-collection wp-block-heading\" id=\"h-weekly-price-analysis\"><span class=\"ez-toc-section\" id=\"Weekly_Price_Analysis\"><\/span><strong>Weekly Price Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table data-collection\"><table><tbody><tr><td><strong>USD ($)<\/strong><\/td><td><strong>16 Sept 20<\/strong><\/td><td><strong>23 Sept 20<\/strong><\/td><td><\/td><td><strong>Previous Week<\/strong><\/td><td><strong>Current Week<\/strong><\/td><\/tr><tr><td><\/td><td><strong>Close<\/strong><\/td><td><strong>Close<\/strong><\/td><td><strong>% Change<\/strong><\/td><td><strong>High<\/strong><\/td><td><strong>Low<\/strong><\/td><td><strong>High<\/strong><\/td><td><strong>Low<\/strong><\/td><\/tr><tr><td>BTC<\/td><td>$10,959.61<\/td><td>$10,235.10<\/td><td>-6.61%<\/td><td>$11,179.90<\/td><td>$10,253.30<\/td><td>$10,999.40<\/td><td>$10,135.22<\/td><\/tr><tr><td>ETH<\/td><td>$365.23<\/td><td>$320.63<\/td><td>-12.21%<\/td><td>$394.55<\/td><td>$355.00<\/td><td>$376.76<\/td><td>$313.00<\/td><\/tr><tr><td>BAT<\/td><td>$0.2510<\/td><td>$0.2124<\/td><td>-15.38%<\/td><td>$0.2630<\/td><td>$0.2293<\/td><td>$0.2439<\/td><td>$0.2068<\/td><\/tr><tr><td>ATOM<\/td><td>$5.121<\/td><td>$3.840<\/td><td>-25.01%<\/td><td>$5.5410<\/td><td>$4.535<\/td><td>$4.739<\/td><td>$3.796<\/td><\/tr><tr><td>XRP<\/td><td>$0.2467<\/td><td>$0.2215<\/td><td>-10.21%<\/td><td>$0.2585<\/td><td>$0.2343<\/td><td>$0.2481<\/td><td>$0.2195<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"data-collection wp-block-heading\" id=\"h-weekly-volume-analysis\"><span class=\"ez-toc-section\" id=\"Weekly_Volume_Analysis\"><\/span><strong>Weekly Volume Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table data-collection\"><table><tbody><tr><td><strong>Cryptocurrency<\/strong><\/td><td><strong>1w &#8211; % Vol. Change (Global)<\/strong><\/td><\/tr><tr><td>BitCoin (BTC)<\/td><td>-3.73%<\/td><\/tr><tr><td>Ethereum (ETH)<\/td><td>-1.48%<\/td><\/tr><tr><td>Basic Attention Token (BAT)<\/td><td>-3.23%<\/td><\/tr><tr><td>Cosmos (ATOM)<\/td><td>0.22%<\/td><\/tr><tr><td>Ripple (XRP)<\/td><td>-0.98%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"data-collection wp-block-heading\" id=\"h-weekly-price-pointers\"><span class=\"ez-toc-section\" id=\"Weekly_Price_Pointers\"><\/span><strong>Weekly Price Pointers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table data-collection\"><table><tbody><tr><td>Resistance 1<\/td><td>$10,800<\/td><td>$365<\/td><td>$0.2600<\/td><td>$5.18<\/td><td>$0.2640<\/td><\/tr><tr><td>Resistance 2<\/td><td>$12,000<\/td><td>$440<\/td><td>$0.3400<\/td><td>$4.50<\/td><td>$0.2438<\/td><\/tr><tr><td><a href=\"https:\/\/pro.zebpay.com\/trade\/USDT-INR\"><strong>USD<\/strong><\/a><\/td><td><a href=\"https:\/\/pro.zebpay.com\/trade\/BTC-USDT\"><strong>BTC<\/strong><\/a><\/td><td><a href=\"https:\/\/pro.zebpay.com\/trade\/ETH-USDT\"><strong>ETH<\/strong><\/a><\/td><td><a href=\"https:\/\/pro.zebpay.com\/trade\/BAT-INR\"><strong>BAT<\/strong><\/a><\/td><td><a href=\"https:\/\/pro.zebpay.com\/trade\/ATOM-INR\"><strong>ATOM<\/strong><\/a><\/td><td><a href=\"https:\/\/pro.zebpay.com\/trade\/XRP-USDT\"><strong>XRP<\/strong><\/a><\/td><\/tr><tr><td>Support 1<\/td><td>$10,000<\/td><td>$305<\/td><td>$0.1780<\/td><td>$3.65<\/td><td>$0.2080<\/td><\/tr><tr><td>Support 2<\/td><td>$8,200<\/td><td>$260<\/td><td>$0.1000<\/td><td>$3.05<\/td><td>$0.1880<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-market-updates\"><span class=\"ez-toc-section\" id=\"Market_Updates\"><\/span><strong>Market Updates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>China looks into DeFi &#8211; A recap of last week\u2019s <a href=\"https:\/\/cointelegraph.com\/news\/a-recap-of-last-weeks-defi-marathon-hosted-by-ct-china\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u2018DeFi Marathon\u2019<\/a> hosted by CT China.<\/li><li>London Stock Exchange-listed miner <a href=\"https:\/\/cointelegraph.com\/news\/uk-miner-argo-reports-280-increase-in-revenue-despite-mays-bitcoin-halving\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Argo Blockchain<\/a> is mining 545% more Bitcoin than last year, with profits up 280%.<\/li><li>Flare Aims To Provide a <a href=\"https:\/\/heraldsheets.com\/flare-provide-platform-for-xrp-value-used-with-smart-contracts\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Platform for XRP<\/a> Value to Be Used With Smart Contracts<\/li><li>Bitcoin and cryptocurrency are <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-and-cryptocurrency-are-no-hedge-for-inflation\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">no hedge for inflation<\/a> &#8211; Its an alternative to the dominant system entirely.<\/li><li>Invictus Capital Introduces <a href=\"https:\/\/techbullion.com\/invictus-capital-introduces-bitcoin-alpha-fund-with-downside-protection-for-investors\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bitcoin Alpha Fund<\/a> With Downside Protection For Investors<\/li><li>Mastercard announced on Wednesday the release of a proprietary tool targeted to central banks that wish to test their <a href=\"https:\/\/cointelegraph.com\/news\/mastercard-launches-virtual-testing-environment-for-central-bank-currencies\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Central Bank Digital Currency,<\/a> or CBDC.<\/li><li>Challenging <a href=\"https:\/\/cointelegraph.com\/news\/challenging-ethereum-20-competing-blockchains-are-seizing-the-moment\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Ethereum 2.0<\/a>? Competing blockchains are seizing the moment.<\/li><\/ol>\n\n\n\n<p><a href=\"https:\/\/web.zebpay.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Login now<\/a>&nbsp;to start trading! New here? Here\u2019s a&nbsp;<a href=\"https:\/\/zebpay.com\/blog\/getting-started-with-zebpay-make-your-first-trade\/\" target=\"_blank\" rel=\"noreferrer noopener\">step-by-step guide<\/a>&nbsp;to making your first trade.<\/p>\n\n\n\n<p><strong>Disclaimer:<\/strong> This report is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. The Company has prepared this report based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. This report is preliminary and subject to change; the Company undertakes no obligation to update or revise the reports to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Trading &amp; Investments in cryptocurrencies viz. Bitcoin, Bitcoin Cash, Ethereum etc.are very speculative and are subject to market risks. The analysis by Author is for informational purposes only and should not be treated as investment advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In ZebPay&#8217;s weekly reports compiled by the Trade team, you can expect to find market updates, price and volume analysis, trading insights, breakdowns of new coin launches from the trade perspective, and more. All to help you unlock the full potential of trading on ZebPay.<\/p>\n","protected":false},"author":1,"featured_media":5784,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[1,26],"tags":[69],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/5764"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=5764"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/5764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/5784"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=5764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=5764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=5764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}