Ethereum (ETH), Gold and Stocks All Positioned for Rallies, Says Macro Guru Raoul Pal

Former Goldman Sachs executive Raoul Pal says gold, stocks and Ethereum (ETH) are all showing patterns signaling big rallies are coming.

The macro guru tells his 991,200 Twitter followers that the precious metal is forming an inverse head and shoulders (H&S) chart, indicating an imminent upward swing.

“Lots of interesting market structures here, not only in crypto. Gold is close to a big inverse [head and shoulders].”

Image
Source: Raoul Pal/Twitter

Next, Pal focuses on the Nasdaq (NDX), saying a descending wedge pattern appears ready to break.

“NDX trying to break the wedge too…”

Image
Source: Raoul Pal/Twitter

Pal also says Ethereum may break out of a falling wedge pattern and find a higher support level at $1,500.

“ETH breaking the downtrend and the falling wedge… the big test is the channel (Wave 2 correction?) at around $1,500… let’s see…”

At time of writing, Ethereum is changing hands at $1,310.

Image
Source: Raoul Pal/Twitter

Lastly, Pal gives a review of Bitcoin’s (BTC) historical performance, saying it is the best-performing asset in the past decade.

“Interesting to see that in the last 10 years BTC has been the best-performing asset in seven out of those 10 years. In the years it wasn’t the best performing, it was the worst performing! However, since 2013: BTC is up 114,000%, NDX +392%, SPX (Standard & Poor’s 500 Index) +203%, Fed Balance Sheet +201%.”

At time of writing, Bitcoin is changing hands at $17,847.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/BOTCookie/Plasteed

Leave a Reply

Your email address will not be published. Required fields are marked *

doctors x videos bustyporntube.info tamana hot photos animal free mp3 download tubepatrol.sex 4kpron xvideoskerala sexo-vids.com maa bete ki sexy momo bnha hentai hentairay.com eye hentai نيك في السجن pornucho.com نيك في الجيم mobilexshare fuckholetube.com xossip aunties beeg hd sex blackporntrends.com www.indiansex videos.com xnxx tamil college girls mybeegsex.mobi gandi blue film bp picture video mein newcooltube.mobi kashmiri hot girls xnxx sex vedioes erosexus.info beeg' mom forced xnxx indaporn.info pela peli مواقع سكس هندي bombaporno.com زب مراهق politician mms goratube.mobi gokak sex video كلاسيك سكس porno-izlerim.org لحس كس مثير tere bina jeena saza bigassporntrends.com desi xossip