MaryJ_1

MaryJ_1

MATIC has been roughly following a descending triangle pattern since May 23 with the price low of $0.74. Additionally, in the last few weeks, MATIC has been following a falling wedge pattern with declining volume. In a falling wedge, price tends to break above the upper trend line before the lines converge (but not always). I expect the price of MATIC to meet the...

MaryJ_1

Despite a brief rally, Ethereum could not break the $2038 resistance and dipped back below $1900 earlier today. Low buying appetite and bearish sentiment suggests Ethereum will not break the $2038 resistance. Going into the weekend, I expect Ethereum price to hit the range of approximately $1980 to $2030 before going down to the approximate $1750 to $1680 range...

MaryJ_1

Without a visible end in sight to the current bear market and negative oversight news plaguing cryptocurrencies, as well as a consequential drop in trading volume since May, I expect the upsides of Bitcoin to be very limited for the next month with Bitcoin very likely to follow the descending triangle pattern illustrated in the chart. I expect the descending...

MaryJ_1

Crypto markets have been looking bearish since May and without any clear reversal of the trend, I expect the bear market to continue for at least the next month or two. Looming regulation concerns have also dampened expectations of an end to the bear market. Ethereum has failed to break out of the descending triangle pattern it has been in since the end of May. A...