Bitcoin, Gold, Ethereum, and Chainlink

15 Sep 2020

Despite the rally today we are at a key inflection point where the crypto assets have found resistance at the 20Day moving average which is sloping down bearishly and all awaiting the natural wave 3 of the correction. Corrections rarely complete in 2 swings and I think we are awaiting the third leg down in #Bitcoin, and #Ethereum. However, #Chainlink appears to have completed 3 waves and is now consolidating. Gold is actually looking a bit more bullish today as the DXY (US Dollar lost strength and precious metals bit back a bit.

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