The S&P 500 has major resistance coming in at $3,900; a rejection from there would mean a pullback to $3,675. However, if we break $3,900, we could see the S&P 500 pump to $4,130.
I am expecting ETH to drop to $1333, but we may have a slight pump in the short term.
I am expecting Bitcoin to reach between $20,000 and $20,300 and then dump to VAL at $18,830.
The DXY has major support coming in between $109 and $110; if we bounce off of this level we would most likely see the traditional marker and the crypto market continue to dump, however, a break below this level could lead to a pump within the traditional and crypto markets!
BTC is maintaining support at the historic highs set in 2017. It will be extremely bullish if it is able to maintain this level. However, if we fall below this point, BTC may plunge all the way to the next support level around $13880.
SOL is attempting to break above the down trending resistance, but the larger bear flag is still in play, so we could see a small push to the upside towards the resistance at the bottom of the bear flag, which would invalidate it if broken, but a rejection from it would confirm it!
ETH is trading within a decending parallel channel and is currently bouncing off the support at the bottom of the channel. More updates coming soon!
BTC is maintaining support at the historic highs set in 2017. It will be extremely bullish if it is able to maintain this level. However, if we fall below this point, BTC may plunge all the way to the next support level around $13880.
Since the beginning of 2022, the DXY has been on a significant uptrend and hasn't yet shown any signs of reversing. The traditional markets and the crypto markets will therefore continue to go downward as long as the DXY makes higher highs and lower highs.
The Nasdaq 100 is bouncing off a key support level (blue box). If the price breaks below this level, we could see the Nasdaq drop to the next support level which is the weekly level at $9753.3, so let's hope the price can hold this major support level!