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#THETA/USDT Price is now testing the ceiling of a descending channel on the 8-hour time frame, indicating the potential for another bullish move if the bounce is occur🧐

#THETA/USDT
Price is now testing the ceiling of a descending channel on the 8-hour time frame, indicating the potential for another bullish move if the bounce is occur🧐

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#ALTS MARKET CAP ANALYSIS The altcoins market cap has broken out of the descending triangle pattern and is currently retesting above it. The Relative Strength Index (RSI) indicates an oversold condition. An upward movement is anticipated as long as it continues to trade above the triangle. However, if there's a failed retest and the candle closes below the descending triangle, it could signal a correction in altcoins.

#WIF/USDT ANALYSIS WIF is moving in a symmetrical triangle. Currently, it is trading below the trendline resistance and inside the Ichimoku cloud. RSI is in the neutral zone. We've to keep an eye on a solid breakout or breakdown of the triangle for the confirmation of its next direction.

#ltc/usdt Litecoin has successfully broken out of a symmetrical triangle pattern and has undergone a retest of the breakout level, confirming the bullish momentum🤓 The price is now expected to continue its upward trajectory towards the $300 target🎯

#AEVO/USDT is exhibiting a falling wedge formation on the 8-hour timeframe🧐 In case of a successful breakout from this pattern, a bullish wave of approximately 40% is expected✈️

🗞 Calendar Events - Week ahead 🚩 High Impact news 🔖 Tuesday, 14th May EUR: German CPI (MoM) (Apr) USD: PPI (MoM) (Apr) USD: Fed Chair Powell Speaks 🔖 Wednesday, 15th May USD: Retail Sales (MoM) (Apr) USD: CPI (MoM) (Apr) USD: CPI (YoY) (Apr) USD: Core Retail Sales (MoM) (Apr) USD: Core CPI (MoM) (Apr) USD: Crude Oil Inventories JPY: GDP (QoQ) (Q1) 🔖 Thursday, 16th May USD: Initial Jobless Claims USD: Philadelphia Fed Manufacturing Index (May) 🔖 Friday, 17th May EUR: CPI (YoY) (Apr) #weekahead #calendar #event

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