Fundamentals aside, based on this could we see a run in the crypto markets lasting for months?
Confluence:
Multi-year elliot wave 1-3-5
Time has been decreasing between each DXY top
Previous highs remain untested after breakout
Now, taking sentiment into account, this would be a big surprise for all expecting lower lows in equities/crypto.
1. Resistance at local high of ~24k
2. Resistance at ~29k
Confluence:
Trendline resistance from ATH
0.382 Fib resistance
Major support on high-timeframe
Completes Wave 4 of 1-3-5 elliot wave
Bottom targets: 14-16k
