Crypto Marketcap recovery ?
https://www.tradingview.com/x/KlkWgxyN/
So far Elon Musk [AKA Doge CEO] did his best to dump the crypto market. Good job, but you failed.
We can clearly still see a nice uptrend channel and the fib support level 0.382 did his job. We just bounced at the bottom of the channel, wich btw gave a good entry-point, total crypto market cap has now a potential to rise upwards appr. 30-35%.
So far RSI and MACD didn't confirm the strenght of the ongoing bounce, but it's probably just a matter of time.
Signal we are looking for in the next days :
- MACD should break above the signal line
- RSI should not bounce under the 50 level
- ADX should growth in strengh and Di+ moove above Di-
- Price should not cross and close below the 0.382 fib level
Remember this is not a financial advice, you should do your own researchs.
So far Elon Musk [AKA Doge CEO] did his best to dump the crypto market. Good job, but you failed.
We can clearly still see a nice uptrend channel and the fib support level 0.382 did his job. We just bounced at the bottom of the channel, wich btw gave a good entry-point, total crypto market cap has now a potential to rise upwards appr. 30-35%.
So far RSI and MACD didn't confirm the strenght of the ongoing bounce, but it's probably just a matter of time.
Signal we are looking for in the next days :
- MACD should break above the signal line
- RSI should not bounce under the 50 level
- ADX should growth in strengh and Di+ moove above Di-
- Price should not cross and close below the 0.382 fib level
Remember this is not a financial advice, you should do your own researchs.
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