Market works more and more levels and prices. Amid rumors of a recession, the crypto market remains resilient. View the TradingView analyst view.
HydraView
Yesterday I posted about updating the ETHUSD nthe next 12th and of course it came with FOMO. It broke key resistance at the 1H and also had very clear support.
After several touches, it broke from the resistance channel and holds for support. With the Ethereum if we go up we will have a move in the altcoins and maybe a lateralization of the Bitcoin. (See Pivot Chart).
Jamie Costa
Medium and long term bullish bias for this asset, we can observe the pattern of HOL on the 1D chart, where we can speculate on a possible increase for the coming months, we will monitor the price and take advantage of buying opportunities. (See more about cryptocurrencies).
disclaimer: The analyzes presented here are studies only. They are not investment, buy or sell recommendations, nor do they represent the views of the media tool in which they are published. These studies are aimed at people with knowledge and experience in the financial market.
Our authors: CryptoLouco, HydraView and Jamis Costa.
Source: TradingView: Even with a recession, cryptos are holding up
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Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.