ATOM.USDT (Y20.P4.E1).waiting for the pullback rally to end

Hi All,

As per the chart, the crypto market cap is looking bearish even though we are having this rally.
It seems while the US dollar (DXY) is dropping and the stocks are going up (SP500), crypto total market cap is not doing anything.
This can obviously change quickly but listening to some more experienced traders, they are looking at Bitcoin and the ALTs are going to do a deeper correction.

NOTE: Gold is dropping and silver, with a bounce today \ currently now. The question is how much will GOLD\SILVER bounce and pull crypto with it.

For now, I have Cosmos \ ATOM playing this path out. If it goes above the threshold I have at 6.42, then I will revisit my thoughts by looking across a number of items, that is SP500\GOLD\Bitcoin.


Thanks and please give me a tick or like for this post.


Cheers,
S.SAri

DAILY chart, still bullish or upward pressure