Hey Traders,
Like the TOTAL crypto market cap, FET on the weekly has formed an Elliot Wave Impulse. These are of course bearish and paired with the RSI indicate the bears are gaining strength. Although I don't think this will happen soon, BTC will have to go into a bear market during the summer for this to occur. However, on the daily, a breakout is soon mainly due to the MACD hinting a small uptrend.
Safe Trading,
-Pulkanator
Like the TOTAL crypto market cap, FET on the weekly has formed an Elliot Wave Impulse. These are of course bearish and paired with the RSI indicate the bears are gaining strength. Although I don't think this will happen soon, BTC will have to go into a bear market during the summer for this to occur. However, on the daily, a breakout is soon mainly due to the MACD hinting a small uptrend.
Safe Trading,
-Pulkanator