Taking a look at BTC and ETH, crypto looks ready for a major run. Aero has fallen back to its demand zone at the .618 Fibonacci level, broken its downtrend trend line, is currently retesting and looking for a break out. (Run on sentences don’t matter here;) )
On the news front, fed still on track to lower rates which is bullish. Geopolitical tensions have eased...
Breaking the 90 cent area could even put 30 cents back in play. These fear areas are where you are suppose to be buying though. Try to average your cost if you can.
Will follow crypto market. As long as there is no Btc crash, aero around 90 cents has been the buy target. It has retraced to its .618 Fibonacci level and overextended into oversold territory on rsi and pulled further away from its moving averages. IMO a nice bounce is expected in this area
In my opinion, taking a look at all markets as a whole, bulls are looking like they’re about to take a break. A correction looks imminent. I know, I know, Btc halving coming soon. With the common opinion so bullish on halving coming soon we may get a buy the rumor sell the fact.
Since the first wave up from last years lows did not retrace much, one can assume...
After a 40% move up today, aero is hitting its weekly resistance around the 2$ mark.
Ethereum is near its important 3445 level and BTC is struggling to break higher.
Ethereum now in a bearish structure. A failed break of the 3700 area. A push below 3440 and we can start targeting the fib levels going down for easier trading.
