Mirror Protocol has been consolidating for a few weeks now, things are starting to get ready for a move. As seen above, it n the Daily timeframe MIR is in a bullish pennant with the Stochastic RSI down. With altcoins, always remember that the market depends on what granddaddy Bitcoin will do.
Near Protocol has been in a descending wedge and is about to break to the upside with bullish divergence forming on the 1hr
MATIC restart falling wedge with double bottom on 15min. MATIC seemed to have held well in comparison to other altcoins
BTC retesting neckline of inverse head and shoulders. This is a crucial point for Bitcoin and with the tight consolidation happening, are you going Long?
TOTAL 3 has created an inverse head & shoulders on the 4hr and below timeframes. On the 1hr and 15 min timeframes TOTAL 3 has created smaller inverse h&s and seems to be building up momentum for a larger move to the upside. AltCoins should have a rally coming up
The DXY shows a bull flag forming on the DXY with the stochastic RSI completely overbought and the price reaching the top resistance of the flag. Does this show a massive move from Bitcoin and possibly the transfer of the dollar being backed by Bitcoin as reserve? Questionable ideas. Express your opinion down below in the comments.
BTC has been in accumulation mode for roughly 2 weeks now between the 38k-41k range. Now BTC has started consolidating into a bull pennant on the Daily timeframe with bullish divergence forming on Market Cypher.