DOT is STILL hovering around 83.5% for the past two weeks or more. Really almost a month since it first came down here. As with all cryptos, there is no technical reason to expect price to move up. It even bounced off the 50 EMA this week.
Still within a wedge. I drew it from a longer term place to see if this really works for BTC. Point A is from the longer term, and Point B is from the shorter term. Interestingly the points in time are nearly the same but the prices are different. Sadly, the higher high we had a few days ago does not seem to be holding so I expect price to drop again near the...
Made it down to the 88.3% but then got a bounce with everyone else thanks to BTC moving above 40k. Just back to the top of this buyer's zone so not a strong move yet. May make it up to the 50 EMA but probably not further than that before either more consolidation or a drop back down to the 21 EMA
SOL has passed well below the 88.6% level and it looks like price broke the low that we haven't seen since August of last year. This is such a great price for SOL even though the NFT owners may not think so. I'm looking for a pause around $70. You can see the current price is at the closest resistance area at $78.72 in August of last year.
ETH like everything else has been falling and we are back near the more recent lows. Too bad this isn't really reflected in the Gas Fees. No technical reason to expect price to move up yet. But the good news is ETH has been holding steady above the 78.6% zone.
BTC is wedging right now. The moves up have been stronger than the moves down too. Seems like the tigger spring is getting loaded up. However, there is no technical reason to believe price is ready to move up. The Stochastic is actually still coming down and has not reached the oversold area.
SOL has passed below the 88.6% level and it looks like price is testing the low that we haven't seen since August of last year. This is such a great price for SOL even though the NFT owners may not think so.
This FIB is the uptrend fib retracement. Last week's chart had the downtrend fib retracement. SOL is nearing the 100% retracement. It broke and re-tested the bottom of the 88.6% zone. Depending on what Russia does this week, we may see new long-term lows for all cryptos including SOL.
ETH followed BTC this week by doing a retracement move near the top of the 50% zone and then heading down. Depending on what Russia does, we will see if the crypto markets can stabilize. ETH Dominance is also less than 19% so it is losing market share too.