Crypto Market Analysis 22nd June

💥🔅22nd June...
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🔴 TMC @ 286.5. NOT much change, slightly down. Only good observation is that it is now showing positive momentum. Mkt seems to be loosing it's selling momentum but in this major contribution is coming only from one heavyweight like BTC and most of the main ALTCOINS are still in negative zone. For any meaningful future bullish movement clear-cut TMC has 2 levels. On the downside it should not in any case come below 270 and on the contrary it should sustain above 300 for days together.
Till then entire crypto mkt will remain trapped in a volume less and lacklustre mode.
🔴 Major problem is from TOP15 index. Since it captures only top 15 coins lts positive momentum is very very crucial and vital. But still this is entrenched with negative sentiment in negative zone. This index is now at 168, down from yesterday. On the downside it should not sustain below 163 and on the upside it should cross 180. Till then mkt will remain trapped. Avoid trading in such a mkt and wait for a meaningful breakout.
🔴 At 6718 even BTC was confined in a narrow range.
Ita neutral. It's critical levels on the upper side are 6850 and 7050. Nothing can be done in this type of sideways motionless mkt. Avoid for the time being.
👉 Keep an eye on above given levels. Only after some positive action trading recommendations can be made.
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Thanks
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⭕ Levels are dynamic and day traders in particular should know how to trade with a proper stop loss.
⭕ All exchange trades products carry RISK. SINCE your CAPITAL can be at RISK , try to classify such deployed CAPITAL as RISK CAPITAL. CONDUCT SIGNIFICANT DUE DILIGENCE BEFORE ANY SWING OR DAY TRADE.