Technically Speaking – December 13, 2023

Deck the halls with boughs of FOMO, indeed. 🎄

The Fed’s decision and dovish tone gave risk on markets all the reasons they needed to go full-blown bull mode – and crypto was no exception. 

Let’s take a quick look at two of those big movers. And on Friday, we’ll have a clearer picture of what analysts see for altcoins that are ready to make some big moves.

Cardano

ADAUSD Weekly Chart – Click to enlarge.

Dayum, $ADA just isn’t taking a break. It’s up +16% today and at new weekly highs. And it just made new 83-week highs, too. 

The USD (DXY)

US Dollar Index – Click to enlarge.

Off. That single word pretty much sums up what’s going on with the USD. Over the next couple days, the next word might be the shout of “Timbeeeeeeer” because it looks like it’s about to keep falling. 

Let’s see how the rest of the week goes!

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