TechFlow news, November 2 — Mark Newton CMT, Head of Technical Strategy at Fundstrat, posted on X stating he disagrees with the view that cryptocurrencies have already peaked, citing five reasons:
- Elliott Wave structure does not indicate a peak;
- Monthly DeMark signals are not yet in place;
- The MACD turning negative due to sideways consolidation is not decisive;
- The medium-term uptrend since 2022 remains intact;
- Market sentiment is far from reaching levels that typically mark a meaningful market peak.
He added that he is watching for confirmation signals of price bottoms in ETH and BTC.
Add to Favorites
Share to Social Media
