#Crypto = Weekly Pulsecheck – Nothing Bullish = 21.11.2021 #XRP #THETA #LTC #ETH #UNI #DOT #MATIC #cryptocurrency #BTC $BTC #HODL

The correction in #crypto is systemic and will likely continue. The weekly candles printed today in cryptocurrencies is just one more consolidated signal for the continued decline.

Let’s decipher the candlespeak for the sample of 8 popular cryptocurrencies.

$BTC – weekly bearish Engulfing, the most bearish reversal formation. Does not require a confirmation and expects at least one week of lower prices.
Odds: Strong Bearish

BTC Weekly Analysis:

$THETA – a special case, the coin is likely consolidating before breaking a very long term triangle downwards.
Odds: Neutral-Bearish

$XRP – formed a Tower Top, the most bearish 3-candle formation. Expect a decline, though it might not happen immediately.
Odds: Strong Bearish

$UNI – made a bearish continuation candle.
Odds: Bearish.

$ETH – formed a Tower Top, similar consequences to the ones for $XRP.
Odds: Strong Bearish

ETH Weekly Analysis:

$LTC – a strong Dark Cloud Cover. A confirmation required – a red candle below this week low would do.
Odds: Bearish

$MATIC – did not confirm a bearish reversal and actually could make a rally, depending on the next week candle. A green candle closing above the previous green candle would confirm it. Any other outcome would be bearish.
Odds: Neutral

$DOT – confirmed a Dark Cloud Cover of previous week. A continued decline is almost guaranteed.
Odds: Bearish.

Yesterday’s Pulsecheck:

Good Luck!

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