Crypto Market Slows Down For A Pullback Within A Bullish Trend

Good morning Crypto traders! Cryptocurrencies are coming slightly lower on the intraday basis due to stock market decline yesterday, but we still see them approaching support, so still be aware of a bounce and recovery at the end of the week or maybe next week because of an upcoming weekend. Crypto TOTAL market cap chart can be trading in wave »y« of a complex w-x-y correction in wave 4, unless it's a flat correction, but support is the same at 3.6T – 3.5T area, from where we may see a bullish continuation within wave 5.
Trade closed: target reached
Good morning Crypto traders! Crypto market is pushing nicely higher, as BTC extends the rally, and it's already at new, fresh all-time highs. However, now that Crypto TOTAL market cap chart could be finishing a projected wave "v" of an impulse, we should be aware of a corrective slowdown at the end of the week. First support can already be around 3.88T area, while second deeper one is at 3.56T area.👉Test our services >> @ wavetraders.com/elliott-wave-plans/
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👉Test our services >> @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
Newsletter
👉 bit.ly/3FVPVzO
Learn Elliott Waves Sale-65%
👉 wavetraders.com/academy/
Newsletter
👉 bit.ly/3FVPVzO
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.