Today’s action in all cryptos seems to confirm the breakout. If tomorrow the downfall continues, the targets below would become almost a sure thing.
TARGETS for $BTC:
– $26400, by breakout from a triangle (Elliott Waves), red rectangles; – 59% off the top;
– $10200, by a classical pennant pattern, blue rectangles; – 84% off the top.
TARGETS for $ETH:
– $1640, by breakout from a triangle; – 62% off the top;
– $440, by a classical pennant pattern; – 90% off the top.
TARGETS for $ADA:
– $0.90, by breakout from a triangle; – 63% off the top;
– $0.35, by a classical pennant pattern; – 86% off the top.
Musings:
Question: If the crypto market loses half a trillion of its market cap over the next few days, what kind of impact this would have on other markets?
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