Bitcoin broke out of the parallel channel and is currently testing the dynamic support line. The price action will be driven by the reaction of the price with those important lines. Most probably, combining Technical Analysis with Macroeconomics, knowing clearly that we are in a recession, the price of BTC may hover between those lines but will end up by breaking down.
The price of ETH rises by a 100% in a period of 1 month after entering an uptrend that is likely to end soon. Ethereum is currently approching a strong resistance, and will be rejected by the upper dynamic resistance trendline due to high selling pressure in the confluence zone, this will cause a strong reversal and will start a downtrend. ETH than will break the...
