WEEKLY CRYPTO MARKET REPORT
US stock market index Dow Jones had broken down the Long-term trendline last week. The dip is
being bought, now it needs to sustain at this level to continue the uptrend.
GOLD
Gold is unable to sustain above the trend line, it needs to mark higher low to confirm the trend
reversal to uptrend.
BITCOIN
Bitcoin looks bottomed out, it is respecting the trendline support and weekly price close above the
trendline should be a positive indicator.
ETHEREUM
Ethereum is following Bitcoin and trades above the multi-week trendline support. If Bitcoins
sustains this level then we will see ETHER and crypto markets reviving from here.
In conclusion…
The Stock market is being held back by bulls, Gold should take some time to resume the uptrend
and Bitcoin looks bottomed out. We should see Bulls coming back to crypto markets in coming
month if the stock markets sustains the current levels
This can be one of the best risk-reward to deploy fresh capital OR to add on to existing positions in
crypto markets
DEFI protocol tokens like AAVE, MAKER, COMPOUND and also LINK should bounce back first as
the market recovers
XMINT token by MintingM looks very attractive, It is retesting the support levels at $300
STF token – XMINT listed on Wazirx has consistently outperformed other financial assets and
delivered extraordinary returns for its investors.
Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.
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