The S&P 500 is facing rejection from the resistance trendline of a broadening wedge pattern, suggesting a possible short-term pullback toward the S/R level.
However, a strong breakout above the wedge would invalidate the rejection and could trigger another bullish rally.
Keep a close eye on the upcoming price action for confirmation.
Given its strong correlation with crypto, the S&P’s next move will be key in shaping overall risk sentiment.
Bitcoin Dominance is facing rejection from the horizontal supply zone of an ascending triangle pattern, with the Ichimoku Cloud acting as a support indicating underlying strength.
A confirmed breakout above this level would signal an upward rally in dominance.
However, rejection from this zone is also possible, which could lead to a downside move. Keep a close eye on the price action for confirmation.
Bitcoin is trading below the resistance trendline of a descending broadening wedge pattern, while the 100MA is acting as a support beneath the current price.
A strong breakout above the pattern would confirm a bullish rally in the market.
Bitcoin is rebounding from the support trendline of an ascending channel, with the Ichimoku Cloud acting as a strong support indicating bullish strength.
As long as price holds above the channel support, an upward rally can be expected.