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Bitcoin is currently in a medium-term downtrend in weekly charts. Bitcoin has faked-out many bullish people in this daily candle. If 29240 level is broken here, then there will be a massive sell-off, according to my analysis. There is also a news supporting this, "CBDCs could 'kill' case for private cryptocurrencies, says RBI Deputy Governor".
I...
cortex was in a range and finally it did a breakout from $0.1885, it can now move higher within next few months to the 0.3205 zone as this level is the next major resistance.
Note- This analysis is for educational purpose and should not be considered as financial advice and before doing any investment kindly do your own research as cryptocurrency market is highly...
Bitcoin Weekly Analysis: Navigating Market Dynamics
Overview:
Bitcoin is currently navigating a complex technical landscape, marked by a bear pennant on the high-time frame (HTF) and resistance at the upper boundary of a rising wedge.
Bearish Sentiment:
Bear Pennant Formation: Bitcoin is ensnared in a bearish pennant, signaling a challenging market...
As SOLANA continues to follow the chart pattern I previously shared, it has successfully mitigated the demand zone and is currently moving in line with it.
So far, this movement has resulted in approximately a 10% profit . Considering this positive development, it would be wise to start booking profits partially while implementing a trailing stop loss...
The recent increase in cryptocurrency has resulted in a bullish trend persisting for several days now. By examining the 1-hour chart of SOLANA, we identify an area of high demand where we can strategically plan a long trade. To ensure greater certainty, we can transition to a shorter time frame after addressing the Order Block and carefully evaluating...
Samson greets everyone!
Creating an Elliott Wave model has significantly boosted the price of the product. At the time of writing, the cryptocurrency market is trading below the resistance level of $37,960. The upward trend is strong as it is consolidated at a high level with stable trading activity on the 2-hour time frame.
Therefore, it would not be surprising...
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- Fantom is managed by the best DE-FI developer Andre Cronje.
- Fantom has a solid ecosystem.
- Bear Run made it look very gloomy.
- The next Bull Run will be interesting for Fantom.
- In my opinion, Fantom has a straight short-term swing target of 0.33-0.38$ which depicts an upsurge of 42-50%.
- Do not get carried away by the returns and potential left inside...
Bitcoin looks like it wants to pull back before advancing higher!
CRYPTOCAP:BTC appears to have formed an ascending triangle on the hourly chart. As #BTC
trades below the hypotenuse, the odds increase for a 5% correction toward $33,000.
#bitcoin #cryptocurrency #ethereum #blockchain #priceaction #technicalanalysis #onchain #btc #usdt #pull #analysis...
The bearish flag pattern is a technical analysis pattern used in financial markets, particularly in stock, forex, and cryptocurrency trading. It is a continuation pattern that typically occurs within a downtrend and signals that the price is likely to continue moving lower. The bearish flag pattern is characterized by a sharp, significant price decline (the...
Dear friends, After experiencing a brief correction from its all-time high of $35,300, Bitcoin (BTC), the leading cryptocurrency in the market, is showing signs of a new upward trend. At the time of writing, Bitcoin is trading at $34,500, successfully recovering the losses incurred during the recent correction on Tuesday. Over the past 24 hours, Bitcoin has...
