Measured move completed
MACD now oversold & may turn Bearish but RSI already retreated and may offer support to PA to Keep it above long term resistance line now used as Support
7 days till FED Rate Hike
Enough time to reset a little, maybe needed - All depends on the FED choice of the expected 25 or 50 base point raise.
As a result of where PA is now, we can probably expect Crypto to cool off over the next 7 days, Just range - Some coins may pop if sentiment is still high
Now maybe a good time to take some profit
MACD now oversold & may turn Bearish but RSI already retreated and may offer support to PA to Keep it above long term resistance line now used as Support
7 days till FED Rate Hike
Enough time to reset a little, maybe needed - All depends on the FED choice of the expected 25 or 50 base point raise.
As a result of where PA is now, we can probably expect Crypto to cool off over the next 7 days, Just range - Some coins may pop if sentiment is still high
Now maybe a good time to take some profit
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Disclaimer
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.