Crypto Market Approaching Support, While Finishing A Correction

Good morning Crypto traders! Crypto market continues to slow down due to consolidation in stocks, but notice that the US dollar remains bearish, while gold is experiencing a strong bullish breakout. This suggests that we are still in a risk-on environment, meaning stocks could continue higher, while cryptocurrencies may soon stabilize. Crypto TOTAL market cap chart now appears to be approaching the key 3.6 - 3.5T support area within a three-wave ABC correction for wave 4, from where bulls for wave 5 may show up again, especially considering that the NASDAQ could be completing a bullish running triangle, while the US dollar index (DXY) is forming a bearish one.