Monday’s crypto market wide sell-off has revisited Polkadot’s formidable 3.50 yearly support. Is this enough discounted price reset towards March 2024 highs already?
Read to find out: https://www.finlogix.com/analysis/20240807/polkadot-intraday-analysis-and-trading-plan-for-august-7-2024
Bitcoin Cash has just printed a new 2024 higher low in last Monday’s crypto market wide dump but is bound for a recovery for the remainder of the week.
Read full details at Finlogix: https://www.finlogix.com/analysis/20240807/bitcoin-cash-intraday-analysis-and-trading-plan-for-august-7-2024
Ethereum is likely to stay in bid tone through yesterday’s local swing low points but the weekly might face buying exhaustion unless the 2600 level is reclaimed as a support again.
Read in full: https://www.finlogix.com/analysis/20240806/eth-intraday-analysis-and-trading-plan-for-august-6-2024
What excites me is that bulls are able to close the previous week within the range of a problematic yet crucial 78.60% fib retracement level through a symmetrical triangle that is apparently under BTC bulls control!