What does it mean? It means that the global market will likely to rise with the fall of doller price. Global market is inversely proportional to DXY.
Another theory that makes AR super bullish is HIdden Bullish Divergence in the 1D time frame. Also, the RSI is oversold and is most likely to bounce.
AR is very strong right now and also one of the most fundamental strong cryptos. The path will most likely follow as per the chart. In the 1D time frame, it broke the descending triangle also. The next major resistance is around 13Usdt.
SPX. Nasdaq, Btc, and Eth took to support and also completed the Elliot wave. Now the Next Elliot wave has started and most probably ETH will hit 1800 before any major downfall.
Short ETH, merger will come...buy the rumor sell the news.
LAYER 1 CRYPTO. I believe it will break out soon. Targets on chart
Trendline support, 50 and 100 MA support in Daily. At least I am expecting to go till @) MA in daily at 44.8k. All the best.
BTC is again about the test the very imp resistance, I hope this time will break. Some positive developments were announced. IF you took entry in alts, its time to book some profits and wait for the further confirmation.
If you look at my previous analysis, I mentioned the 36300 where BTC price can stop. Now what? no one knows....look at the chart
bounced from the trendline. Still need to cross the resistance. take entry after resistance turned into support
The blue trendline is giving support, the next support is the red Trendline around 2.4. All the best.
If BTC doesn't dump quickly. ATOM is more likely to remain in and around this support.
Russia Ukraine crisis is the dominating factor. The market will remain in a downtrend till the situation gets resolved. Which is not going to happen anytime soon.
In my previous analysis, I think it is important to hold the daily support. Now targets on charts, don't forget to trail to SL. P.S Putin factor is also there.
As my last btc analysis, btc hold the important 39600 support and close above it.
Ada is a dark horse. for short term need to close above 1.018 in 4h. I am bullish ofor ADA
Need to hold this support at daily, else follow trendline and then next support.