Hi all,
Due to the optimistic momentum during the CPI statistics, the NDAQ is looking strong.
Usually, 0.702 Fib. is quite important. and can provide adequate resistance at this level. At this point, crypto bear market rallies typically come to an end.
ADX&DI show some momentum increasing. (Yellow line rising)
Possbile to see an inverese head and shoulder forming next?
11% is not a much left until ATH.
More charts need to be examined for a detailed analysis.
Next is DXY, which displays the USD's strength.
Due to the optimistic momentum during the CPI statistics, the NDAQ is looking strong.
Usually, 0.702 Fib. is quite important. and can provide adequate resistance at this level. At this point, crypto bear market rallies typically come to an end.
ADX&DI show some momentum increasing. (Yellow line rising)
Possbile to see an inverese head and shoulder forming next?
11% is not a much left until ATH.
More charts need to be examined for a detailed analysis.
Next is DXY, which displays the USD's strength.
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