For today’s video, little change from the previous week, the crypto market remains substantially in the same position as before.
The Fibonacci ratio and the weekly Tenkan are always the two main objectives to hope for a technical rebound. So a resistor set at $21,600 for this Tenkan.
The short-term trendline will be the target that will trigger a real rebound, in fact it has always blocked prices since June. If it breaks, hope for a return to $22,000 followed by $25,000 in extension. The support of $18,800 still remains valid and still supports the prices as well.
Prices are at a standstill and are based on the Fibonacci ratio at $1,207. Little movement. There is a lack of fundamental news to boost the Ethereum market.
You have to break the Daily Tenkan with frankness to hope to return to the daily Kijun at $1,500. Consider the $994 as the next support if the $1,207 yield. Situation at a standstill therefore.
Very clean uptrend. The Tenkan plays the role of support wonderfully. First signal of weakness by breaking it, at $109.
The daily Kijun remains the target to break, this one did not yield last week! No questioning of the trend.
Rate analysis in the United States:
Trend still bullish, return to last week’s high, watch out if resistance gives way, rates are free to go up again! To be continued with the publication of inflation figures in the United States on Wednesday and Thursday.
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