The crypto market has been recording steady gains for two weeks now and we might see that upward trend continue into this week. Most cryptocurrencies are already down at least 20% from their Dec/Jan highs and the current upswing offers a glimmer of relief for holders grappling with heavily declining portfolios.
But for how long can we realistically expect this uptrend to last?
Well, from what price charts are telling us, not long. In fact, we might see most cryptos create higher highs and then erase all of those gains before the end of the week.
Here’s how things might play out; The week will start off with price pushing lower a little before reversing in the opposite direction and taking out last week’s high.
I have carefully highlighted this in the following screenshots;



In the third screenshot, we see price moving within an ascending channel, which is briefly interrupted by a short pullback. Well, there’s a possibility that price will revisit that short-term low once more before powering up and creating a new swing high.
Once price breaks above last week’s high, we will start monitoring intra-swing movements for sell opportunities. In the meantime, you might want to note that actual price movements may not perfectly mirror our swing predictions.
There are hundreds, if not thousands, of cryptocurrency tokens listed on TradingView, each displaying unique price patterns. Our predictions serve as a general guide, outlining potential market trends over the next few days.
Thanks for reading, and I honestly hope we stay connected so you can follow up on updates from here on. I look forward to meeting you here again.
Disclaimer
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