The S&P 500 is currently consolidating within a rising wedge pattern and trading above the wedge’s support trendline.
A breakdown below the support of the wedge could trigger a downward move. However, as long as the support holds, a potential rebound from this level is also possible.
Keep a close eye on further price action developments for confirmation of the next move.
Given its close correlation with the crypto market, the S&P’s next move will be crucial in determining broader risk sentiment, making this a key level to monitor closely.
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The total crypto market cap has broken out of a symmetrical triangle pattern with strong volume confirmation. The Ichimoku Cloud is now acting as support, indicating underlying strength.
A successful retest of the breakout level would likely confirm the move and fuel a bullish rally across the crypto market.
However, if the retest fails, we could see price slipping back inside the triangle, leading to further consolidation.
Keep monitoring the price action closely for confirmation.
Ogni ciclo, un grafico ricomincia a circolare di nuovo — il modello ciclico a lungo termine $BTC . E per essere onesti, esiste per una ragione. Storicamente, Bitcoin ha mostrato un ritmo sorprendentemente costante: • Circa ~1400 giorni tra i picchi dei cicli principali • Una fase di ritracciamento profondo dopo ogni massimo • Le flessioni di solito rientrano nel range del 75–85% • Seguita eventualmente da un nuovo massimo superiore Quando mappi i cicli precedenti affiancati, la struttura sembra quasi meccanica. Dopo il picco del 2013 → correzione prolungata → espansione.
BNB failed the triangle pattern and now more prone towards the consolidation market. Price can now have huge expansion either side, once breaking above $660 or below $570. Take the breakout as early sign and get into the positions accordingly.
📢Il governo sudcoreano ha riferito di aver confiscato un libro mastro crypto ma ha accidentalmente esposto la sua frase seed in una foto, dopo di che 1,742 BTC ($51M) sono stati rubati dai 2,333 BTC in custodia.🇰🇷