MORNING MARKET UPDATE FOR CRYPTO

Aug 16, 2022 6:30 AM


I think that the market is gonna decide real soon what the next move is gonna be.

Some coins look like they want to make positive moves but I'm still not sure about bitcoin.

Bitcoin currently about -.46% and sitting just under $24k

Eth is down about  -1% and sitting around $1878

Total Market Cap sitting at $1.118T and needs to pull up soon or its going to break the support line & fall.

You can see the RSI is forming this BIG wedge but has slighty dropped out so needs to make a bottom structure soon  to pull back up.

Targets still the same as yesterday.

A move to the upside & I would be looking at about $1.3T and the targets to the downside would be:
$1.03T
$953B
$839B

If we fall through the first then look for the next as you can see the red lines.

Whats your thoughts for today??

4
Comments
anonymous profile image
Powered by RoundtableBuilt on infrastructure designed for real-time media. Learn more at RTB.io.© Roundtable 2026. By using this site you agree to the Terms of Use and Privacy Policy