Little, if any, change in the medium and short term for the crypto market. The detail in video with the analysis of Bitcoin, Ethereum and the dollar.
Bitcoin
Middle term : close below the Fibo rationacci, which opens the door for a larger retracement if this week does not offer a bounce. To note RSI divergences and MACD moving average crossovers which support the theory of a technical rebound, up to the weekly Tenkan as a 1st objective.
Short term : No change. Still stuck under daily tenkan and above short-term support at $18,822. An exit from this range will return to the daily Kijun and at the same time to the daily cloud.
Ethereum
Long term (monthly) : the support of $1207 avoids a return to the monthly SSBlocated at $785. The MACD remains shortbearish situation maintained.
Middle term : Confirmation that the support for $1207 works in the medium term. The bullish scenario would be a return to the weekly Tenkanhere too, $1627. The bearish scenario would be a return to the zone of $994medium-term support. Neutral situation.
Short term : if breakage of $1326 at candle close, Possible technical rebound towards $1500, represented by the flat of SSB and daily Kijun
Dollar
Middle term : Trend maintained, return to the Tenkan possible if the short term continues to deteriorate.
The signal will be given by breaking the Daily Kijun which will give the top at a retracement towards 109.74 points.
In summary
Cryptos therefore remain trendless. While equity markets trigger a technical rebound. Note the worrying situation of Credit Suisse which sees the positions of Credit Default Swap on the rise after rumors of illiquidity of the Swiss bank.
A major market rebound will also be possible when the bond situation is less tense.
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