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CARDANO - Limited Bullish Potential ⚠️It is very possible that we may have seen the all time highs for Cardano for the time being. We are seeing an ascending correction which is almost identical the ascending correction we had at the start of September which resulted in a drop of over 30%. Will be looking to take Cardano down to atleast the 2.20 level. Watch for bear flags on the lower timeframe to for an entry. Have a look at our educational post on identifying Flag Patterns and how to trade them - see linked chart.
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BITCOIN - Are We In A Bear Market?Since the major drop we had last week, we could be seeing the start of the bear market. Bitcoin is currently trying to recover but until we see a bullish move similar to the massive drop we had last week, we should be cautious. It is likely that we are within a correction and we could be seeing highs of 49K before dropping once again. Will be looking for bull flags until we hit the 61.8 fibonacci before flipping our bias to bearish if we see a clear rejection of the 49K level.
by Altsignals
Dow Jones - Unsustainable Gains ⚠️US30 has been making incredible gains but with all good things, there must come a period of respite. We are long overdue a correction - which could be in the form of a slow decline or a massive drop like we saw last time. This will not happen until we see major news or government intervention which would cause a big correction. Currently we are seeing MACD divergence which is an indication that something big is coming. Keep an eye on the minor ascending trendline and monitor that for a break.
CAPITALCOM:US30
by Altsignals