What Market Phase are we entering into has been the introductory question for our last appointments. Are we going to listen to the Bulls or the Bears? Are we going to see a Bull Market or a Bear Market?
Welcome to Surfing the Market, we are already at our 69th appointment and I hope that with these easy tech analysis we have helped you in some forms, even just to evaluate different market perspectives
Let’s start from our usual weekly perspective
Last weeks are quite bearish: Grayscale news brought some positivity into the markets with a nice green candle BUT then SEC said that ETH can be considered like a commodity plus some other minor news that are leading down the market.
It’s two weeks that I keep saying to be cautious and now the price is in a very dangerous situation.
News are giving directions to the market meaning that there is not autonomous traction from retail buyers/sellers.
59.517 SRY