$ETH / USD – BEAR FLAG IN MOTION? DOWNSIDE BREAK AHEAD! ⚠️🐻
{spot}(ETHUSDT)
$ETH just printed a textbook bear flag pattern after a relief rally toward the $2,525 resistance zone. The price is now starting to roll over, and with rejection from the upper range, it’s signaling a potential leg down. That sharp blue arrow doesn't lie — momentum is fading fast! ⚡
📉 Short Trade Setup
• Entry: $2,495 – $2,505
• TP1: $2,445
• TP2: $2,395
• SL: $2,540
🔻 Breakdown below $2,480 could trigger a swift drop—watch closely for confirmation candles!
#Ethereum #ETHUSD #CryptoBearish #PriceAction #BinanceTrading
IS XRP PRICE AT RISK OF LOSING $2?
XRP's price is currently trading around $2.16, with a 2.69% decrease in the last 24 hours. The token's price has crashed nearly 22% since its May 14 swing high of $2.62. Given the current market trends and technical indicators, there's a possibility that XRP could lose the $2 psychological level.
Key Factors to Consider:
- Descending Triangle Pattern: XRP's price action has formed a descending triangle pattern, which usually indicates a continued downtrend. A break below the $2 level could lead to further declines.
Technical Indicators: The MACD is gaining pace in the bearish zone, and the RSI is below the 50 level, suggesting a bearish sentiment.
- Support Levels: The initial support level is around $2.050, followed by $2.020 and $1.920. A downside break below these levels could lead to further losses.
-Resistance Levels: XRP needs to clear the $2.120 and $2.150 resistance zones to potentially start another increase.
Market Sentiment:
- Futures Open Interest and Volume: XRP's futures open interest and trading volume have declined, signaling a decrease in trader interest and potential downward pressure.
- *Bullish Sentiment*: However, the SuperTrend indicator suggests a potential near-term trend reversal after flashing a buy signal .#CircleIPO #MarketPullback #TrumpVsMusk #Xrp🔥🔥 $XRP
ERIC TRUMP TO MAGIC EDEN:'BE EXTREMELY CAREFUL USING OUR NAME'!
Eric Trump has indeed warned Magic Eden to "be extremely careful using our name" in a project that hasn't been approved by the Trump Organization. This comes after Magic Eden announced a Trump-branded crypto wallet, which the Trump family quickly disavowed.
The Controversy:
- Magic Eden launched a crypto wallet called "Trump Wallet" in partnership with the team behind the $TRUMP memecoin, promoting it as the "first and only crypto wallet for true Trump fans".
- The wallet's website offered a $1 million prize pool in $TRUMP rewards through a referral-based promotion.
- However, Eric Trump and Donald Trump Jr. swiftly denied any involvement with the project, stating that it was not authorized by the Trump Organization .
Potential Consequences:
- Eric Trump has threatened to take legal action against Magic Eden for using the Trump name without approval.
- The Trump family is reportedly working on their own official crypto wallet through World Liberty Financial, which may further complicate the situation.
- The controversy has sparked confusion among users, with many struggling to differentiate between the official and unofficial projects .#MarketPullback #CUDISBinanceTGE #TrumpVsMusk #TRUMP $TRUMP