First target hit from my previous 2 ideas. We hit the bottom of the rising wedge an broke through it. So this may as well have been a bearish rising wedge all along as suggested. What could've propped up this rally in crypto was equities earnings reports not being as bad as everyone thought it was going to be and crypto shows correlation to equities.
Macro economic environment still bad. Heading into winter, energy and food prices due to the Ukraine Russia conflict may have an impact on inflation, potentially raising them again and we have not yet seen any peak.
Not financial advice.
Macro economic environment still bad. Heading into winter, energy and food prices due to the Ukraine Russia conflict may have an impact on inflation, potentially raising them again and we have not yet seen any peak.
Not financial advice.
