Crypto Market Eyeing Support Ahead Of US CPI
Sep 11, 2023

TOTAL

Crypto Market Eyeing Support Ahead Of US CPI from technical point of view and from Elliott wave perspective.

Crypto market with ticker TOTAL (Crypto total market cap) was slow over the weekend and seems like it’s waiting for the US CPI inflation report on Wednesday. We are still tracking that final wave »v« of C of an A-B-C correction towards 950B – 850B support area, which can be completed by a new five-wave cycle of the lower degree. There’s also a chance it’s forming a bearish triangle pattern within wave »iv«, but in both cases be aware of a retest of the lows for wave »v« of C before market finds the support.

Crypto Market Eyeing Support Ahead Of US CPI TOTAL 4H Chart
TOTAL 4H Chart

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Higher Energy Prices Can Cause Rise Of US CPI, As DXY Moves Into Resistance. Check our blog HERE

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