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#ETH/USDT ANALYSIS
ETH is currently consolidating within an ascending broadening wedge pattern, trading just above the support trendline. Both the 200MA and 100MA are acting as strong support, contributing to the bullish momentum.
A bounce from the trendline is likely if this momentum holds. However, if ETH breaks below the support trendline, it could signal further correction.
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📁 Key Market Events This .Week to watch for
👉 1. Markets Closed For Labor Day - Monday
👉 2. August ISM Manufacturing PMI data - Tuesday
👉 3. July JOLTs Job Openings data - Wednesday
👉 4. August ADP Nonfarm Employment data - Thursday
👉 5. Initial Jobless Claims data - Thursday
👉 6. August Jobs Report - Friday
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#BTC/USDT ANALYSIS
Bitcoin is currently encountering resistance from both the 100-day moving average and the Ichimoku Cloud, which are positioned above the current price action.
The bitcoin is trading within a descending broadening wedge pattern, with the 200-day moving average providing support just above the wedge's lower trendline.
Further price action developments are needed before taking any decisive action.
Binance Futures, Bitget Futures, KuCoin Futures
#BCH/USDT Take-Profit target 4 ✅
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#CELO/USDT Take-Profit target 5 ✅
Profit: 184.9462% 📈
Period: 4 Days 1 Hours 52 Minutes ⏰
📊 Crypto Fear and Greed Index
🧭 Index Value : 26
😱 Sentiment : Fear
💰 BTC Price : $59119
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Bitget Futures, ByBit USDT
#CLOUD/USDT Take-Profit target 1 ✅
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