Wave spikes Looks there there should be a little short term spike for tomorrow.
We are going in this wave pattern of spikes each going higher with the increase of volatility and looks like this isn't going to reside anytime soon.
Curious to see it unfold with both DXY and the ES1! at different critical levels and see if they resume their course they've started this past week.
If we break the blue dotted trend then we will officially break out of a descending triangle that started since last March.
That all folks
Connections
EWT Coming Back From The Dead?My Fellow Crypto Traders,
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ANALYSIS:
EWT has finally broken it's bearish trend, and showing signs of life. After hitting a .75 retracement, it seemed EWT would enter a phase of consolidation before taking a stride to the upside. However, with EWT hitting 0.38 fib retracement with strong momentum, it is very likely EWT can re-test the 0.618 and beyond. Moreover, as more partnerships like OCEAN, Solaria Australia, and Polkadot draw more connections to the rumored partnership with Tesla, EWT can see positive price action on hype alone. Especially coming form such a low position.