BBVA获批提供BTC及ETH交易
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据CoinDesk报道，西班牙金融巨头BBVA已获监管批准，可向其客户提供比特币和以太坊交易服务。这一变化是否意味着西班牙乃至整个欧盟对加密金融的监管环境正在放松？随着传统银行加速布局加密业务，市场能否迎来新的流动性注入？
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BBVA Approved to Offer BTC and ETH Trading Services in Spain
According to Foresight News, the Spanish financial company Banco Bilbao Vizcaya Argentaria (BBVA) has been approved by financial regulators to offer BTC and ETH trading to its clients.
Previously, BBVA initially planned to launch cryptocurrency services in Switzerland rather than Spain or other EU countries.
Previously, BBVA initially planned to launch cryptocurrency services in Switzerland rather than Spain or other EU countries.
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Monday Summary and Early Morning Thoughts~
Hey! Friends, the day has come to an end, how did everyone do! On Xiao Ming's side, everything went smoothly, without any surprises, successfully accumulating a total of 5430 points for the day! Everything that was supposed to take off has already taken off! The rhythm is strong, the market feel is good, and everything went smoothly! For those who had no ideas and no direction, you know who you are!
Daily Layout:
82420 Short, 81250 Exit, 1170 points,
83830 Short, 82530 Exit, 1300 points,
82670 Short, 80560 Exit, 2110 points,
80900 Short, 80050 Exit, 850 points,
Daily Total: 5430 points!
From the current rhythm, prices are weakly declining, the bullish rebound has no strength to recover and stabilize, the rise can only serve as a repair, while the decline is what the trend needs. We will still focus on short positions in the early morning!
Early Morning Operation Suggestion: Short in the 80700-81500 area, observe the support at the previous low of 78200, if it breaks, follow the trend to look at 76000!
What you lack in life is not gold, but the guidance of noble people. There are often good horses, but good judges are rare. The three most satisfying things in life are: meeting a worthy opponent in chess, finding a confidant over drinks, and encountering a talented person!
Hey! Friends, the day has come to an end, how did everyone do! On Xiao Ming's side, everything went smoothly, without any surprises, successfully accumulating a total of 5430 points for the day! Everything that was supposed to take off has already taken off! The rhythm is strong, the market feel is good, and everything went smoothly! For those who had no ideas and no direction, you know who you are!
Daily Layout:
82420 Short, 81250 Exit, 1170 points,
83830 Short, 82530 Exit, 1300 points,
82670 Short, 80560 Exit, 2110 points,
80900 Short, 80050 Exit, 850 points,
Daily Total: 5430 points!
From the current rhythm, prices are weakly declining, the bullish rebound has no strength to recover and stabilize, the rise can only serve as a repair, while the decline is what the trend needs. We will still focus on short positions in the early morning!
Early Morning Operation Suggestion: Short in the 80700-81500 area, observe the support at the previous low of 78200, if it breaks, follow the trend to look at 76000!
What you lack in life is not gold, but the guidance of noble people. There are often good horses, but good judges are rare. The three most satisfying things in life are: meeting a worthy opponent in chess, finding a confidant over drinks, and encountering a talented person!
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Still the same saying: The time for the bulls to feast has come, and the long positions above have been nearly cleared out! At this stage, there is a high probability that this is a trap to induce shorts, ultimately flushing out the short positions!
To put it simply, the manipulators are exploiting human nature; if the bulls cut their positions now, they will lose outright! For those stuck at Ethereum 2100, there's no need to panic! Don't be scared; those who are trapped in long positions should directly take action! $ETH #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易
To put it simply, the manipulators are exploiting human nature; if the bulls cut their positions now, they will lose outright! For those stuck at Ethereum 2100, there's no need to panic! Don't be scared; those who are trapped in long positions should directly take action! $ETH #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易
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Newbie Crypto Contract Trading: Success Requires Millions of Practice, Not Achieved Overnight
#BBVA获批提供BTC及ETH交易 #稳定币淘金热
Many people look for tutorials online to learn about contracts; the risk of contracts lies in high volatility leading to easy liquidation, while the benefit is high volatility allowing for large profits. Newbies often become unbalanced in the risk-reward relationship due to lack of experience and skills. To succeed, one must achieve stable profits, focusing on experience, including mindset and handling market situations. Newbies in the crypto world should enhance training, such as sticking to techniques and practicing more, starting with small amounts, treating tuition as tuition, and only increasing the opening amount after stabilizing, while also avoiding greed, as the cost of contracts in crypto is low.
Many people look for tutorials on Zhihu, YouTube, and perhaps even on WeChat. In fact, many things do not have profound techniques. For contracts, some say it's poison, while others say it's a tool for wealth. So how can one succeed in trading contracts?
Many people look for tutorials online to learn about contracts; the risk of contracts lies in high volatility leading to easy liquidation, while the benefit is high volatility allowing for large profits. Newbies often become unbalanced in the risk-reward relationship due to lack of experience and skills. To succeed, one must achieve stable profits, focusing on experience, including mindset and handling market situations. Newbies in the crypto world should enhance training, such as sticking to techniques and practicing more, starting with small amounts, treating tuition as tuition, and only increasing the opening amount after stabilizing, while also avoiding greed, as the cost of contracts in crypto is low.
Many people look for tutorials on Zhihu, YouTube, and perhaps even on WeChat. In fact, many things do not have profound techniques. For contracts, some say it's poison, while others say it's a tool for wealth. So how can one succeed in trading contracts?
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Full-time in the crypto space is dangerous!
When the market suddenly rises, my heart becomes restless.
Is there anyone who wants to go full-time in the crypto space?
In the full-time crypto space, to summarize, there are three paths: working, scamming, or investing.
Let's first talk about working.
To enter a first-line company, you need a certain level of education or work experience; of course, the compensation will be higher than that of Web2 companies. The risk is that compensation may fluctuate with the market, and it's difficult to return to a Web2 company, with even a risk of being caught.
Of course, most people can only choose regular project parties or exchanges, which may run away at any time. Not only may you not get paid, but you might also end up in trouble.
Is there anyone who wants to go full-time in the crypto space?
In the full-time crypto space, to summarize, there are three paths: working, scamming, or investing.
Let's first talk about working.
To enter a first-line company, you need a certain level of education or work experience; of course, the compensation will be higher than that of Web2 companies. The risk is that compensation may fluctuate with the market, and it's difficult to return to a Web2 company, with even a risk of being caught.
Of course, most people can only choose regular project parties or exchanges, which may run away at any time. Not only may you not get paid, but you might also end up in trouble.
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Millions have turned, the shock range has broken (Eight)
Layout for Bitcoin 82270, gained 888 points, 83158 profit-taking exit. Took 8813 oil.
Layout for Ethereum 2067, gained 81 points, 2148 profit-taking exit. Took 34290 oil.
Approaching the bottom, lowest at 76888, close to the third target. Continuing to look down, reaching the bottom trend line before starting to rise is what everyone wants to see.
If you are feeling lost now, unable to accurately judge the market, and lacking confidence in your operations, pay attention to the strangely unique Brother Shan. #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 #鲸鱼囤币 #BTC #ETHETFsApproved $ETH $ETH $BNB
Layout for Bitcoin 82270, gained 888 points, 83158 profit-taking exit. Took 8813 oil.
Layout for Ethereum 2067, gained 81 points, 2148 profit-taking exit. Took 34290 oil.
Approaching the bottom, lowest at 76888, close to the third target. Continuing to look down, reaching the bottom trend line before starting to rise is what everyone wants to see.
If you are feeling lost now, unable to accurately judge the market, and lacking confidence in your operations, pay attention to the strangely unique Brother Shan. #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 #鲸鱼囤币 #BTC #ETHETFsApproved $ETH $ETH $BNB
In the cryptocurrency market, there are ups and downs, and naturally, there will be losses and profits. In this circle, where there are people laughing, there are also people crying. I hope my fans are all in the former category. The midday strategy has accurately confirmed the space for a rebound, with a range of 4,000 points. How much of that did you capture? Today marks the start of daylight saving time, with trading hours beginning one hour earlier. Has everyone prepared for this? If you are feeling confused right now, with inaccurate market judgments and a lack of confidence in your operations, pay attention to the peculiar mountain brother, Gong Zhonghao. #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 #鲸鱼囤币 #BTC #ETH $BTC $ETH $BNB
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Methods to Break Free:
First: Based on your current holdings:
1. If you are a holder with a slight loss, you can use the rebound market to break free and exit, or reduce your position when the price is high.
2. If you are a holder with a significant loss, you can partially build your position at a high price or add to your position to lower your average cost, so you can take psychological control before the market arrives.
Second: Based on the trend status of the coins purchased
1. If the purchased coin is in a downward trend, once the downward trend is confirmed and has formed, it is recommended to immediately cut losses, and you must not have any fantasies of hoping for gains. Because sometimes any hesitation or uncertainty may lead to deep losses, making it difficult to extricate yourself in the end.
2. If the purchased coin is in a balanced oscillation trend, there is no need to immediately cut losses; patiently wait for the coin to enter the high point of the oscillation cycle. Once you break free or the loss is very small, you should decisively exit.
3. If the purchased coin is in an upward trend, there is no need to cut losses; patiently hold for a while, and it will inevitably break free or even have a significant profit potential.
Continue to follow: ETH LTC ADA RARE GPS SOL ORDI NEIRO
#BBVA获批提供BTC及ETH交易
#鲸鱼囤币
#加密市场回调
First: Based on your current holdings:
1. If you are a holder with a slight loss, you can use the rebound market to break free and exit, or reduce your position when the price is high.
2. If you are a holder with a significant loss, you can partially build your position at a high price or add to your position to lower your average cost, so you can take psychological control before the market arrives.
Second: Based on the trend status of the coins purchased
1. If the purchased coin is in a downward trend, once the downward trend is confirmed and has formed, it is recommended to immediately cut losses, and you must not have any fantasies of hoping for gains. Because sometimes any hesitation or uncertainty may lead to deep losses, making it difficult to extricate yourself in the end.
2. If the purchased coin is in a balanced oscillation trend, there is no need to immediately cut losses; patiently wait for the coin to enter the high point of the oscillation cycle. Once you break free or the loss is very small, you should decisively exit.
3. If the purchased coin is in an upward trend, there is no need to cut losses; patiently hold for a while, and it will inevitably break free or even have a significant profit potential.
Continue to follow: ETH LTC ADA RARE GPS SOL ORDI NEIRO
#BBVA获批提供BTC及ETH交易
#鲸鱼囤币
#加密市场回调
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Starting at 5000U, target 100,000.
Currently 9500 oil
5th level, big cake 79900 looking for a rebound, aiming to secure 2000U
Only by experiencing the process of hard work can one enjoy the joy of success. #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 #鲸鱼囤币 #稳定币淘金热 #加密市场回调 $BTC $ETH
Currently 9500 oil
5th level, big cake 79900 looking for a rebound, aiming to secure 2000U
Only by experiencing the process of hard work can one enjoy the joy of success. #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 #鲸鱼囤币 #稳定币淘金热 #加密市场回调 $BTC $ETH
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Things are in people's hands, trends are like this, quite simple and straightforward! #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 #鲸鱼囤币 #稳定币淘金热 #加密市场回调 $BTC $ETH $XRP
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#BBVA获批提供BTC及ETH交易 Haven't slept well for several days, and when I woke up, I found it had dropped to 77267. A sentence made you unknowingly spend $BTC in insomnia.
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$BTC recalls the large pancake short position from a few days ago. Although more than half has been reduced at 84800, the remaining position is still quite profitable! The brothers who kept up internally are also enjoying the gains! For more strategies, visit the homepage, and welcome new partners to join! #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 #鲸鱼囤币 #稳定币淘金热
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Ethereum Plummets! The $2000 Mark Has Been Breached, Is It a Buying Opportunity or a Bottomless Trap?
#Strategy申请发行优先股
Ethereum's price has been continuously declining recently, and the important $2000 mark has finally been breached! The market is in an uproar, and retail investors' panic is spreading. Is it time to buy the dip? Or should one cut losses in time? This article will deeply analyze Ethereum's recent trends, predict future price directions, and provide you with investment decision references!
Once a shining star, Ethereum is now in a continuous decline, with the $2000 mark also lost. Has the bull market ended? Where will Ethereum head in the future? This article will interpret market signals, analyze technical indicators, and give you insights into Ethereum's future trends!
Ethereum's price has plummeted, causing significant losses for retail investors! The breach of the $2000 mark has severely impacted market confidence. Can Ethereum return to its peak? This article will analyze market sentiment, interpret technical indicators, predict future price trends, and help you seize opportunities!
#BBVA获批提供BTC及ETH交易
As the market continues to change, we need to closely monitor market signals and seize new entry opportunities. Like + leave a message, and let’s navigate the bull market together to seize this major opportunity!
#Strategy申请发行优先股
Ethereum's price has been continuously declining recently, and the important $2000 mark has finally been breached! The market is in an uproar, and retail investors' panic is spreading. Is it time to buy the dip? Or should one cut losses in time? This article will deeply analyze Ethereum's recent trends, predict future price directions, and provide you with investment decision references!
Once a shining star, Ethereum is now in a continuous decline, with the $2000 mark also lost. Has the bull market ended? Where will Ethereum head in the future? This article will interpret market signals, analyze technical indicators, and give you insights into Ethereum's future trends!
Ethereum's price has plummeted, causing significant losses for retail investors! The breach of the $2000 mark has severely impacted market confidence. Can Ethereum return to its peak? This article will analyze market sentiment, interpret technical indicators, predict future price trends, and help you seize opportunities!
#BBVA获批提供BTC及ETH交易
As the market continues to change, we need to closely monitor market signals and seize new entry opportunities. Like + leave a message, and let’s navigate the bull market together to seize this major opportunity!
$BTC
Today's Analysis:
Focus
Resistance Level 83500-84300
Support Level 79300-80000
Currently, the market is likely to experience a second rise and hit around 83800 before a pullback! This is just personal analysis; for more strategies, check the homepage! #乌俄停火 #CynthiaLummis重提比特币法案 #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易
Today's Analysis:
Focus
Resistance Level 83500-84300
Support Level 79300-80000
Currently, the market is likely to experience a second rise and hit around 83800 before a pullback! This is just personal analysis; for more strategies, check the homepage! #乌俄停火 #CynthiaLummis重提比特币法案 #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易
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TRUMP, has fallen severely and is now hitting a new low, current price 11 can go long on the left side, protect 9, target first look at 19! #BBVA获批提供BTC及ETH交易 #鲸鱼囤币 $
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Eat big meat with powder!!
President Yan's strategy is all about precision
Daily profits, those who keep up won't say it's not awesome
There's also nothing that can't be turned around or can't be recovered
Immediately plan the next order $BTC $ETH #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 #鲸鱼囤币
President Yan's strategy is all about precision
Daily profits, those who keep up won't say it's not awesome
There's also nothing that can't be turned around or can't be recovered
Immediately plan the next order $BTC $ETH #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 #鲸鱼囤币
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$RARE The potential star of the crypto world, the President's Dogecoin Co nan, xBQt on the SOL chain
#Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 #doge⚡ #shib #pepe⚡ $XRP $SOL
#Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 #doge⚡ #shib #pepe⚡ $XRP $SOL
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Holding onto positions fears a drop, not having positions fears a rise, what are retail investors really afraid of?
#BBVA获批提供BTC及ETH交易
Not having positions fears a rise; when it rises, missing out feels worse than losing money; holding positions fears a drop, and if it drops further, a margin call directly leads to exit. What do you call this? Neither rising nor falling, it’s a dead end on both sides!
Now the market is at the cusp of a bull and bear divide, like walking on a tightrope. Last week, I watched a friend who had only 5% of their position left; suddenly, Bitcoin surged, rising 8% in one day, and they were in tears in the bathroom. Another guy, heavily invested in altcoins, got liquidated again last night, and now can’t even afford cigarettes.
Remember two things: 1. Don’t force it if you have no bullets; wait for a pullback to build positions in batches; 2. If you have positions, make sure to set stop-losses, don’t fantasize about catching the bottom!
Now the market is institutions eating meat, and retail investors taking hits. Look at those shouting about the altcoin season; they don’t even have money to stock up, yet they trick retail investors into buying their bags.
Those still frequently switching positions will eventually be harvested by the market! Small funds fear not slow earnings but quick losses. I chased hotspots every day last year, and as a result, paid 10% in fees and lost 25% of my principal.
Finally, I offer you three words of wisdom: Steady, Accurate, Ruthless! Keep your mindset steady and don’t make rash moves, pinpoint the main line and don’t deviate, and be ruthless with stop-losses instead of stubbornly holding on! Remember: in the crypto world, 'panic selling' is the biggest positive news.
#鲸鱼囤币 #稳定币淘金热
Which coin do you want me to analyze next? Let me know in the comments!
If you like my analysis, give a thumbs up, follow me, and check my homepage regularly for the hottest cryptocurrency news!
#BBVA获批提供BTC及ETH交易
Not having positions fears a rise; when it rises, missing out feels worse than losing money; holding positions fears a drop, and if it drops further, a margin call directly leads to exit. What do you call this? Neither rising nor falling, it’s a dead end on both sides!
Now the market is at the cusp of a bull and bear divide, like walking on a tightrope. Last week, I watched a friend who had only 5% of their position left; suddenly, Bitcoin surged, rising 8% in one day, and they were in tears in the bathroom. Another guy, heavily invested in altcoins, got liquidated again last night, and now can’t even afford cigarettes.
Remember two things: 1. Don’t force it if you have no bullets; wait for a pullback to build positions in batches; 2. If you have positions, make sure to set stop-losses, don’t fantasize about catching the bottom!
Now the market is institutions eating meat, and retail investors taking hits. Look at those shouting about the altcoin season; they don’t even have money to stock up, yet they trick retail investors into buying their bags.
Those still frequently switching positions will eventually be harvested by the market! Small funds fear not slow earnings but quick losses. I chased hotspots every day last year, and as a result, paid 10% in fees and lost 25% of my principal.
Finally, I offer you three words of wisdom: Steady, Accurate, Ruthless! Keep your mindset steady and don’t make rash moves, pinpoint the main line and don’t deviate, and be ruthless with stop-losses instead of stubbornly holding on! Remember: in the crypto world, 'panic selling' is the biggest positive news.
#鲸鱼囤币 #稳定币淘金热
Which coin do you want me to analyze next? Let me know in the comments!
If you like my analysis, give a thumbs up, follow me, and check my homepage regularly for the hottest cryptocurrency news!
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Is a crash coming? The most unforgettable day in the crypto world - 312
On March 12, 2020, BTC plummeted from 8000 to 4400, halving in one day, and ETH crashed alongside, dropping so much that even its mother wouldn't recognize it. Countless people lost everything overnight, with some even going to the rooftop. But the plot twist came too quickly; the next day, BTC soared from a low of 3782, rising all the way to 69000, an 18-fold increase! Truly a moment of hell, followed by a moment of paradise.
What’s the market situation now? Tariffs are causing trouble, prices are soaring, inflation pressure is immense, and the market is in panic. Interest rate cuts are long overdue, the Federal Reserve is dragging its feet, the market is short on cash, and liquidity is nearly exhausted. The market behaves like a roller coaster, with weak sentiment that could crash at any moment or suddenly take off.
Will 312 repeat? Although history cannot be directly copied, the current situation resembles the days leading up to 312 in 2020: money is tight, the market lacks funds, and any slight disturbance could trigger panic selling. Policies are unclear, with tariffs and interest rate cuts hanging in the balance, leaving everyone uncertain. Sentiment has collapsed, investor confidence is wavering, and any bad news could spark a chain reaction.
But don’t forget, after a crash, there are often great opportunities. If the market really crashes, it could serve as the starting point for a new bull market, just like in 2020.
How to respond? Don’t panic, don’t let market sentiment drive you, as panic selling is the easiest way to lose money. Don’t go all in; keep some cash on hand, and don’t bet everything at once. If a crash happens, it could be a good time to buy the dip. Seize the opportunity; if it really crashes, it might be the right time to buy low, but make sure to choose the right targets.
#BBVA获批提供BTC及ETH交易 #稳定币淘金热
On March 12, 2020, BTC plummeted from 8000 to 4400, halving in one day, and ETH crashed alongside, dropping so much that even its mother wouldn't recognize it. Countless people lost everything overnight, with some even going to the rooftop. But the plot twist came too quickly; the next day, BTC soared from a low of 3782, rising all the way to 69000, an 18-fold increase! Truly a moment of hell, followed by a moment of paradise.
What’s the market situation now? Tariffs are causing trouble, prices are soaring, inflation pressure is immense, and the market is in panic. Interest rate cuts are long overdue, the Federal Reserve is dragging its feet, the market is short on cash, and liquidity is nearly exhausted. The market behaves like a roller coaster, with weak sentiment that could crash at any moment or suddenly take off.
Will 312 repeat? Although history cannot be directly copied, the current situation resembles the days leading up to 312 in 2020: money is tight, the market lacks funds, and any slight disturbance could trigger panic selling. Policies are unclear, with tariffs and interest rate cuts hanging in the balance, leaving everyone uncertain. Sentiment has collapsed, investor confidence is wavering, and any bad news could spark a chain reaction.
But don’t forget, after a crash, there are often great opportunities. If the market really crashes, it could serve as the starting point for a new bull market, just like in 2020.
How to respond? Don’t panic, don’t let market sentiment drive you, as panic selling is the easiest way to lose money. Don’t go all in; keep some cash on hand, and don’t bet everything at once. If a crash happens, it could be a good time to buy the dip. Seize the opportunity; if it really crashes, it might be the right time to buy low, but make sure to choose the right targets.
#BBVA获批提供BTC及ETH交易 #稳定币淘金热
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$RARE $IOST $SHELL Meme is the fastest battlefield for cognitive monetization! In the primary market, Trump's hero dog Conan, currently only priced at 0.01, is the best choice for a small investment with a big return, buy 100U and buy a dream! #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 #稳定币淘金热 #加密市场回调 #加密市场观察
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In a new post on X, analyst Ali Martinez discusses the long-term pattern of weekly price formation for Dogecoin. This pattern is known as an 'ascending channel' in technical analysis (TA), which is a type of parallel channel.
A parallel channel is a consolidation pattern where the asset's price is confined between two parallel trend lines. The upper boundary may form resistance, while the lower boundary may form support.
Breaking above either line may indicate that the trend will continue in that direction. In other words, a breakout above the channel is a bullish signal, while a breakdown below the channel is a bearish signal.
Depending on the orientation of the trend lines relative to the axes, parallel channels can be divided into three types. An upward-sloping channel (where the trend lines follow higher lows and higher highs) is called an ascending channel. When an asset is within this type of channel, its price undergoes net upward consolidation.
Similarly, the opposite-sloping trend lines are called descending channels, representing downward consolidation. The third case, where the trend lines are parallel to the time axis, has no special name.
Now, here is the chart shared by the analyst, showing that Dogecoin's weekly price has been trading within an ascending channel for the past decade:
As shown in the figure, Dogecoin's price recently fell sharply, approaching the lower limit of the channel at $0.16. The last time Dogecoin tested this line was in the last few months of 2024, when it successfully found support.
"Everyone is watching Dogecoin $DOGE! If it holds at the $0.16 level and rebounds, the next step could be up to $2!" the analyst pointed out. The $2 target price roughly corresponds to where the asset intersects with the midline of the channel, which has interacted with its price in the past.
However, whether the memecoin will truly find support, and whether the ascending channel can continue to hold, remains to be seen. Such patterns always carry the risk of a breakdown, which, as mentioned, could lead to a bearish price trend.
DOGE Price
At the time of writing, Dogecoin's price is approximately $0.176, down over 20% in the past seven days.
#美股大跌 #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 $BTC$DOGE
A parallel channel is a consolidation pattern where the asset's price is confined between two parallel trend lines. The upper boundary may form resistance, while the lower boundary may form support.
Breaking above either line may indicate that the trend will continue in that direction. In other words, a breakout above the channel is a bullish signal, while a breakdown below the channel is a bearish signal.
Depending on the orientation of the trend lines relative to the axes, parallel channels can be divided into three types. An upward-sloping channel (where the trend lines follow higher lows and higher highs) is called an ascending channel. When an asset is within this type of channel, its price undergoes net upward consolidation.
Similarly, the opposite-sloping trend lines are called descending channels, representing downward consolidation. The third case, where the trend lines are parallel to the time axis, has no special name.
Now, here is the chart shared by the analyst, showing that Dogecoin's weekly price has been trading within an ascending channel for the past decade:
As shown in the figure, Dogecoin's price recently fell sharply, approaching the lower limit of the channel at $0.16. The last time Dogecoin tested this line was in the last few months of 2024, when it successfully found support.
"Everyone is watching Dogecoin $DOGE! If it holds at the $0.16 level and rebounds, the next step could be up to $2!" the analyst pointed out. The $2 target price roughly corresponds to where the asset intersects with the midline of the channel, which has interacted with its price in the past.
However, whether the memecoin will truly find support, and whether the ascending channel can continue to hold, remains to be seen. Such patterns always carry the risk of a breakdown, which, as mentioned, could lead to a bearish price trend.
DOGE Price
At the time of writing, Dogecoin's price is approximately $0.176, down over 20% in the past seven days.
#美股大跌 #Strategy申请发行优先股 #BBVA获批提供BTC及ETH交易 $BTC$DOGE
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