PA is ranging while the daily MACD cools off, as it has now done. It could Drop lower and signs are it may well do so. RI is nearer 0 and may bounce of it if PA decides to continue to range and not come back down to test support on the neckline of the FTX Recovery ( Dashed /white line). What has kept the TOTAL PA up while BTC has been ranging are the lower cap coins, or OTHERS, though I feel this may change now as the Bitcoin Dominance chart shows a turn of trend maybe towards more bullish end of week, possibly
What is interesting is that we are approaching that "Golden Cross" on the TOTAL chart, the 50 EMA ( Red) crossing over the 200 ( Yellow) - Should PA drop to the neckline, this will postpone this very Bullish sign, depending on how fast that drops. For me, I see it crossing on Thursday but maybe remaining a very shallow distance between the two for a while.
Over all, I feel things are stuill good in Crypto space and we all should be looking ahead and accumulating..
The New age of Finance is here and it is developing VERY WELL
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