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NASDAQ has recently touched the 61.8% Fibonacci level which may serve as a potential resistance area. For now, the equity market is very bullish, but when only a handful of stocks go up while the rest of the market is down, it usually serves as a warning sign.
Bitcoin’s daily chart continues to move lower after pulling back from its 50-day MA which has served as a key point for trend reversals.
– BTC > $28,500 → Bullish
– BTC < $28,500 → Neutral with a bearish bias
– BTC < $25,250 → Bearish
ETH/USDT has pulled back after breaking above the declining trend line and is approaching a potential support zone near $1,837.
ETH > $1,890 → Bullish
ETH < $1,890 → Neutral with a bearish bias
ETH < $1,710 → Bearish
DOGE remains at the top of the meme coin frenzy ranked as #8 on the list of top cryptocurrencies. The Dogecoin network noted a sudden uptick in transactions on the network since the start of the month, growing from 20,000 to over 2 million transactions.
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