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


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

Become a premium member

Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.

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


Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

By continuing to use the site, you agree to the use of cookies. Learn more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.