Bitcoin, Dogecoin and Polygon – European Wrap 3 October

0
92


Bitcoin price seems to be consolidating and forecasts a tiny rally as it approaches the lower limit of the ongoing range tightening. This development could see altcoins, including Ethereum and Ripple, trigger a quick run-up as well.

BTC/USD 1-day chart

Dogecoin price underwent a tight consolidation between September 28 and 30, which eventually resulted in an explosive move up that collected the buy-stop liquidity resting above the September 27 swing high. This move quickly ran out of steam, however, and was followed by a reversal that knocked DOGE down to retest the aforementioned equal lows.

DOGE/USDT 4-hour chart

Polygon (MATIC) price gets underpinned this Monday morning as markets find themselves rattled yet again at the start of the trading week. Effects are rippling as the UK chancellor, Kwasi Kwarteng, makes a U-turn on a sensitive element of his budget proposal after heavy criticism  from both the US and even the IMF. With the pound sterling strengthening a bit, triggering some dollar weakness, cryptocurrencies are benefiting from  the weakness in the dollar, triggering a few modest gains. MATIC/USD Daily chart

 

 



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here