URGENT UPDATE‼️Will next week is time for ALTCOIN⁉️ 

As $BTC narrative is slowing down & we only have #Bitcoin reserve as the last catalyst for now,we expect the money flow rotation to $ETH after a long period of consolidation. As we can see lots of whales including @worldlibertyfi & @BlackRock are accumulating more & more $ETH lately. 

But what could drive ALTCOIN to rise next week beside $ETH ‼️ Tomorrow is CAIXIN MANUFACTURING PMI CHINA. If the actual is rising then $DXY (USD) Could have a pressure and have a correction. And this could bring liquidity to crypto market‼️

1/ $ETH chart 

$ETH on the D1 timeframe is also at the $3,100 support level, which the market consistently respects. We do not see this as a descending triangle pattern because that pattern is a continuation pattern, not a reversal pattern. Therefore, we remain optimistic that $ETH will break resistance.

$ETH on the H1 timeframe is also at the trendline support. If it breaks, there is a possibility of a false break around the $3,000 area before moving back up.

2/ TOTAL 2

TOTAL2 on the D1 timeframe is currently at support. It has dropped below this support several times but always closes back around the 1.31T area. If it closes below, there is a chance that TOTAL2 will experience a correction down to the trendline support.

3/ TOTAL 3

TOTAL3 on the D1 timeframe is also at support and has shown signs of a reversal candle. If it doesn’t break, there is a chance for a rebound.

We expect CAIXIN MANUFACTURING will have a strong result tomorrow looking at the data so far. So we can see liquidity flow to crypto market as $DXY (USD) will fall 🤝 (NFA,DYOR)
#BTC #Bitcoin #ETH #ETH #ETH #DXY #ETH #ETH #ETH #ETH #DXY