this weekend we have seen gains like crazy. most impressive of all was the ETHEREUM which revisited the 1420$ area which is very important. on one hand, we have the fundamental analysis which indicates FED is going to raise interest rates one more time at the end of July, on the other hand, we have technical analysis which we can see we are more likely to fall rather than go up. in my opinion, further gains can happen if long-term bulls want the price to stay above the 20k area, they will have to push the price up until the end of July so whatever FED decides to do, we can at worst revisit the 18k-20k range as the SC in phase B of the accumulation.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.