What a weekend! We really couldn't dream of a better configuration.
The market has now been rising for 6 days in a row, and the Bitcoin has gone from $7000 to $7750 at the time of writing these lines.
At first, the risk of a single daily wave was high, and the wave that began on May 18 did not reassure us that we were facing new growth. But here, after 6 days, we can say that it's probably not just a wave.
Unless there is bad news or sudden fundamental elements, or even large-scale manipulation, we can again talk about growth.
The MACD in day on the BTC crossed for good, CCI entered its Buy, WT forms a magnificent signal curve and we approach the Donchian signal.
We arrive, however, at the first resistance of $7850, which in the past has been a support touched many times. Chartists will use it as a point of analysis and volume is expected in this area.
For ETH, it is the same thing, crossing in day of the MACD, positive CCI, WT with the rise... Everything seems positive also for the second crypto.
There are still however several uncertainties and the rebounds of growth being lower and lower, it is difficult to predict if the current one will be another rebound or if it will determine the break of the downward configuration with a new growth, we hope, exponential, but this assumption will be retained only if we exceed $10,000 by the end of June.
Our opinion of the market:
Continuation of growth (by technical and fundamental indicators): >70%.
Wave similar to the one that started on March 18th, resulting in a new support breakage: <30%.
The market has now been rising for 6 days in a row, and the Bitcoin has gone from $7000 to $7750 at the time of writing these lines.
At first, the risk of a single daily wave was high, and the wave that began on May 18 did not reassure us that we were facing new growth. But here, after 6 days, we can say that it's probably not just a wave.
Unless there is bad news or sudden fundamental elements, or even large-scale manipulation, we can again talk about growth.
The MACD in day on the BTC crossed for good, CCI entered its Buy, WT forms a magnificent signal curve and we approach the Donchian signal.
We arrive, however, at the first resistance of $7850, which in the past has been a support touched many times. Chartists will use it as a point of analysis and volume is expected in this area.
For ETH, it is the same thing, crossing in day of the MACD, positive CCI, WT with the rise... Everything seems positive also for the second crypto.
There are still however several uncertainties and the rebounds of growth being lower and lower, it is difficult to predict if the current one will be another rebound or if it will determine the break of the downward configuration with a new growth, we hope, exponential, but this assumption will be retained only if we exceed $10,000 by the end of June.
Our opinion of the market:
Continuation of growth (by technical and fundamental indicators): >70%.
Wave similar to the one that started on March 18th, resulting in a new support breakage: <30%.