According to previous cycles, when Bitcoin dominance peaks, Ethereum rises. Arguably, we are there, or about to be, and that made me focus on its ecosystem. Two of its most known layers 2 are Optimism and Arbitrum, and I want to bring to your attention their charts against BTC. Optimism is breaking out of a descending wedge, and its target is about 5200...
We have bounced three times from about 60k. Any bounce is weaker than the previous one, so a triangle may be confirmed we break it for good. In that case, $56,340 as target. Invalidation, breaking the trendline and $61,400 for good.
Good morning, I am monitoring the AVAX ecosystem and was paying close attention to JOE. When I checked the USDT pair I could notice a possible falling wedge forming: Then, I checked the BTC pair, and I found a possible inverse head and shoulders: So far we have not confirmed any pattern, and the pum that the AVAX ecosystem experienced, is fading, so what I...