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📈 W/USDT Technical Analysis:
1. Support and Resistance Levels: - Support: The $0.2000 level has acted as strong support in recent days. - Resistance: The $0.2200 level is a key resistance zone.
2. Current Price and Change:
- Current Price: $0.2062
- Change: +4.41% (last 24 hours)
3. Entry Strategy:
- Consider buying near the support level ($0.2000) with a tight stop-loss.
- If price breaks above resistance ($0.2200), it could signal further upside.
4. Pattern: Ascending Triangle
- The ascending trend line suggests bullish momentum.
- Look for a breakout above $0.2200 for confirmation.
Remember to conduct your own research and risk management. Happy trading! 🚀💰
#w #updates #Write2Earn! #analysys
📈 W/USDT Technical Analysis:
1. Support and Resistance Levels: - Support: The $0.2000 level has acted as strong support in recent days. - Resistance: The $0.2200 level is a key resistance zone.
2. Current Price and Change:
- Current Price: $0.2062
- Change: +4.41% (last 24 hours)
3. Entry Strategy:
- Consider buying near the support level ($0.2000) with a tight stop-loss.
- If price breaks above resistance ($0.2200), it could signal further upside.
4. Pattern: Ascending Triangle
- The ascending trend line suggests bullish momentum.
- Look for a breakout above $0.2200 for confirmation.
Remember to conduct your own research and risk management. Happy trading! 🚀💰
#w #updates #Write2Earn! #analysys
#spot #Binance200M #SpotCopyTrading #analysys #candlestick_patterns #spotanalysis
please provide any source link or material to analysis spot candles.
thanks
please provide any source link or material to analysis spot candles.
thanks
Yesterday's Crypto Market RSI was only slightly lower than the day before.
Therefore, I thought we would bounce from the top of the support (at least for a minute).
Based on today's #bearish price action, it is likely that we will test the lower boundary of the support area.
In other words, we will see some downsides before we go up again.
I stay with my prediction: Bounce on ~Wednesday.
--
For more free analysis charts, you can visit Crypto OS. Details in my X bio.
#analysys #Market_Update
Therefore, I thought we would bounce from the top of the support (at least for a minute).
Based on today's #bearish price action, it is likely that we will test the lower boundary of the support area.
In other words, we will see some downsides before we go up again.
I stay with my prediction: Bounce on ~Wednesday.
--
For more free analysis charts, you can visit Crypto OS. Details in my X bio.
#analysys #Market_Update
Notcoin ($NOT ) is currently struggling in the market, sliding towards the next support level of $0.008.
🔸However, a potential reversal is on the horizon, hinting at a possible comeback.
🔸If the tide turns, Notcoin might join forces with $TON to lead the charge in the next bull run.
🔸History shows us that Notcoin has the potential to soar, with a previous gain of 370%!#Notcoin👀🔥 #NOT🔥🔥🔥 #Write2Earn! #analysys #BinanceTournament
🔸However, a potential reversal is on the horizon, hinting at a possible comeback.
🔸If the tide turns, Notcoin might join forces with $TON to lead the charge in the next bull run.
🔸History shows us that Notcoin has the potential to soar, with a previous gain of 370%!#Notcoin👀🔥 #NOT🔥🔥🔥 #Write2Earn! #analysys #BinanceTournament
USDT.D Analysis
USDT dominance is hitting a key resistance level, and RSI is showing a hidden bearish divergence.
If it keeps rejecting here and fails to break through, there’s a strong chance it heads lower. That’s exactly what we want to see for Bitcoin and altcoins to regain momentum and push higher.
This is a good opportunity to start picking up strong altcoins on dips—personally, I’m buying SOL on spot here.
I’ve got a feeling we’ll see more green next week. Keeping a close eye on this and will share updates as it unfolds. #usdt #analysys
USDT dominance is hitting a key resistance level, and RSI is showing a hidden bearish divergence.
If it keeps rejecting here and fails to break through, there’s a strong chance it heads lower. That’s exactly what we want to see for Bitcoin and altcoins to regain momentum and push higher.
This is a good opportunity to start picking up strong altcoins on dips—personally, I’m buying SOL on spot here.
I’ve got a feeling we’ll see more green next week. Keeping a close eye on this and will share updates as it unfolds. #usdt #analysys
$BNB on the 1T interval, I expect a continuation of the upward movement. On the low 1H interval, I marked the short zone from where I started the short position. Now the market is making a correction to the short zone 2 from where I expect a further continuation of the move down to the price of 290 #Write2Earn #TradeNTell #BNBUSDT #analysys #Signal
Why ADA MUST Smash The 0.46 Resistance ‼️
ADA consolidates in the pocket right below the crucial resistance of $0.46. If Cardano bulls want to go full steam, breaking through this level is essential. Otherwise, the risk of another dip toward the "below 40 level" increases.
Read all details 👇
1️⃣ Chart Analysis
The 0.46 level has been a significant support and resistance level in Cardona's history. In April, ADA dived below this level for the first time since 2023. Afterward, ADA made several attempts to cross back above but was always rejected.
After its dip to 0.35, ADA started another attempt, which was rejected again. Currently, the token consolidates right below this level.
Breaking through the resistance would open the path towards 0.59-0.6, where the next stronger resistance lies.
2️⃣ Technical Indicators
On the daily chart, ADA shows some overbought momentum indicators resulting from the latest price increase. Therefore, the consolidation might be healthy to have momentum indicators return to neutral zones before a breakout starts.
3️⃣ Trade Signals
In one word: Indecisive.
A couple of weeks ago, ADA printed a bearish EMA crossover signal on the weekly chart. Signals on higher timeframes are usually very reliable. As a result, ADA dipped almost 20% right after. However, ADA flashed precisely the same signal on the daily chart just today! This further seconds the scenario of an outbreak to the top.
➡️ What's Next?
Based on the overall bullish momentum, I expect a short period of consolidation (similar to what we discussed about Bitcoin). Afterward, ADA should tackle and break the resistance.
$ADA #ADABullish #analysys
ADA consolidates in the pocket right below the crucial resistance of $0.46. If Cardano bulls want to go full steam, breaking through this level is essential. Otherwise, the risk of another dip toward the "below 40 level" increases.
Read all details 👇
1️⃣ Chart Analysis
The 0.46 level has been a significant support and resistance level in Cardona's history. In April, ADA dived below this level for the first time since 2023. Afterward, ADA made several attempts to cross back above but was always rejected.
After its dip to 0.35, ADA started another attempt, which was rejected again. Currently, the token consolidates right below this level.
Breaking through the resistance would open the path towards 0.59-0.6, where the next stronger resistance lies.
2️⃣ Technical Indicators
On the daily chart, ADA shows some overbought momentum indicators resulting from the latest price increase. Therefore, the consolidation might be healthy to have momentum indicators return to neutral zones before a breakout starts.
3️⃣ Trade Signals
In one word: Indecisive.
A couple of weeks ago, ADA printed a bearish EMA crossover signal on the weekly chart. Signals on higher timeframes are usually very reliable. As a result, ADA dipped almost 20% right after. However, ADA flashed precisely the same signal on the daily chart just today! This further seconds the scenario of an outbreak to the top.
➡️ What's Next?
Based on the overall bullish momentum, I expect a short period of consolidation (similar to what we discussed about Bitcoin). Afterward, ADA should tackle and break the resistance.
$ADA #ADABullish #analysys
🔥🔥 BITCOIN EXPERT ANALYSIS 🔥🔥
BTC's current price is $60,753.8. Market trend analysis indicates a neutral sentiment.
On Binance, the long/short ratio is 1.0:1, showing a balanced sentiment between buyers and sellers.
The current funding rate is -0.00006067, suggesting selling pressure in the market.
The latest BOLL support level is $60,725.8, and the resistance level is $61,770.7. These are potential areas where BTC may find support or face resistance.
The market sentiment index is at 46, indicating a neutral sentiment, neither extremely fearful nor greedy.
Technical indicators such as KDJ, MACD, RSI, EMA BREAK, and BOLL do not show any specific patterns, suggesting no clear signals or trends at the moment.
In summary, BTC shows a neutral trend with balanced buyer and seller sentiment. Traders should monitor the BOLL support and resistance levels closely.
Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; make decisions cautiously. 📉
#analysys #advice #tradingsignal #profits #btc
BTC's current price is $60,753.8. Market trend analysis indicates a neutral sentiment.
On Binance, the long/short ratio is 1.0:1, showing a balanced sentiment between buyers and sellers.
The current funding rate is -0.00006067, suggesting selling pressure in the market.
The latest BOLL support level is $60,725.8, and the resistance level is $61,770.7. These are potential areas where BTC may find support or face resistance.
The market sentiment index is at 46, indicating a neutral sentiment, neither extremely fearful nor greedy.
Technical indicators such as KDJ, MACD, RSI, EMA BREAK, and BOLL do not show any specific patterns, suggesting no clear signals or trends at the moment.
In summary, BTC shows a neutral trend with balanced buyer and seller sentiment. Traders should monitor the BOLL support and resistance levels closely.
Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; make decisions cautiously. 📉
#analysys #advice #tradingsignal #profits #btc
BTC on the Edge: Neutral Sentiment Analysis Revealed! 🔥
We Go BTC consultants present the latest analysis of Bitcoin (BTC). 📊 Please note that this analysis is based on current data and market conditions may change quickly.
AI Recommend System
Symbol: BTCUSDT
Entry price: 61050.8
Leverage: 3
Direction: Long 🚀
Trade URL: BTCUSDT
BTC is currently priced at $64,264.0. The market trend is classified as NEUTRAL, indicating no clear bullish or bearish direction at the moment.
On Binance, the long/short ratio is 1.1:1, showing a slight preference for long positions over short ones.
The current funding rate is 0.00005608, indicating a slight positive sentiment towards long positions.
The latest BOLL support level is $64,210.8, and the resistance level is $64,464.3. These are potential areas where BTC may find support or face resistance.
The market sentiment index is at 55, indicating a neutral sentiment, neither extremely fearful nor greedy.
Technical indicators such as KDJ, MACD, RSI, EMA BREAK, and BOLL do not show any specific patterns, suggesting no clear signals or trends at the moment.
In summary, BTC shows a neutral trend with no clear patterns or trends. Traders should monitor the BOLL support and resistance levels closely.
Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; make decisions cautiously. 📉
#analysys #advice #tradingsignal #profits #btc $BTC
We Go BTC consultants present the latest analysis of Bitcoin (BTC). 📊 Please note that this analysis is based on current data and market conditions may change quickly.
AI Recommend System
Symbol: BTCUSDT
Entry price: 61050.8
Leverage: 3
Direction: Long 🚀
Trade URL: BTCUSDT
BTC is currently priced at $64,264.0. The market trend is classified as NEUTRAL, indicating no clear bullish or bearish direction at the moment.
On Binance, the long/short ratio is 1.1:1, showing a slight preference for long positions over short ones.
The current funding rate is 0.00005608, indicating a slight positive sentiment towards long positions.
The latest BOLL support level is $64,210.8, and the resistance level is $64,464.3. These are potential areas where BTC may find support or face resistance.
The market sentiment index is at 55, indicating a neutral sentiment, neither extremely fearful nor greedy.
Technical indicators such as KDJ, MACD, RSI, EMA BREAK, and BOLL do not show any specific patterns, suggesting no clear signals or trends at the moment.
In summary, BTC shows a neutral trend with no clear patterns or trends. Traders should monitor the BOLL support and resistance levels closely.
Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; make decisions cautiously. 📉
#analysys #advice #tradingsignal #profits #btc $BTC
Notcoin ($NOT ) is currently struggling in the market, sliding towards the next support level of $0.008.
🔸However, a potential reversal is on the horizon, hinting at a possible comeback.
🔸If the tide turns, Notcoin might join forces with $TON to lead the charge in the next bull run. 🔸History shows us that Notcoin has the potential to soar, with a previous gain of 370%!
#Notcoin👀🔥 #NOT🔥🔥🔥 #Write2Earn! #analysys
🔸However, a potential reversal is on the horizon, hinting at a possible comeback.
🔸If the tide turns, Notcoin might join forces with $TON to lead the charge in the next bull run. 🔸History shows us that Notcoin has the potential to soar, with a previous gain of 370%!
#Notcoin👀🔥 #NOT🔥🔥🔥 #Write2Earn! #analysys
🚨 DOGS/USDT Alert #Updates :
DOGS is currently trading at $0.0011391, showing signs of recovery after a recent drop. The key levels to watch are
Resistance at $0.0011754 and Support at $0.0010401.
💡 Entry Strategy:
Long Trade: If DOGS breaks above $0.0011754, consider entering a long position, targeting $0.0012000 and $0.0012250. This move could indicate a strong bullish momentum.
Short Trade: On the flip side, if DOGS slips below $0.0010401, it may head lower. Entering a short trade here with targets at $0.0010000 and $0.0009800 could be a smart play.
⚠️ Keep a close eye on these levels to optimize your entries and manage your risks efficiently!#dogs #Write2Earn! #analysys #IMPORTANT:
DOGS is currently trading at $0.0011391, showing signs of recovery after a recent drop. The key levels to watch are
Resistance at $0.0011754 and Support at $0.0010401.
💡 Entry Strategy:
Long Trade: If DOGS breaks above $0.0011754, consider entering a long position, targeting $0.0012000 and $0.0012250. This move could indicate a strong bullish momentum.
Short Trade: On the flip side, if DOGS slips below $0.0010401, it may head lower. Entering a short trade here with targets at $0.0010000 and $0.0009800 could be a smart play.
⚠️ Keep a close eye on these levels to optimize your entries and manage your risks efficiently!#dogs #Write2Earn! #analysys #IMPORTANT:
🔥🔥 BITCOIN EXPERT ANALYSIS 🔥🔥
We Go BTC consultants present the latest analysis of Bitcoin (BTC). 📊 Please note that this analysis is based on current data and market conditions may change quickly.
AI Recommend System
Symbol: BTCUSDT
Entry price: 61031.3
Leverage: 3
Direction: Long 🚀
Trade URL: BTCUSDT
BTC is currently priced at $64,236.4. Market trend analysis suggests a neutral sentiment.
On Binance, the long/short ratio is 1.2:1, showing a slightly higher number of long positions compared to short ones.
The current funding rate is 0, indicating balanced sentiment between long and short positions.
The latest BOLL support level is $64,032.9, and the resistance level is $64,475.7. These are potential areas where BTC may find support or face resistance.
The market sentiment index is at 53, indicating a neutral sentiment, neither extremely fearful nor greedy.
Technical indicators such as KDJ, MACD, RSI, EMA BREAK, and BOLL do not show any specific patterns, suggesting no clear signals or trends at the moment.
In summary, BTC shows a neutral trend with no clear patterns or trends. Traders should monitor the BOLL support and resistance levels closely.
Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; make decisions cautiously. 📉
#analysys #advice #tradingsignal #profits #btc $BTC
We Go BTC consultants present the latest analysis of Bitcoin (BTC). 📊 Please note that this analysis is based on current data and market conditions may change quickly.
AI Recommend System
Symbol: BTCUSDT
Entry price: 61031.3
Leverage: 3
Direction: Long 🚀
Trade URL: BTCUSDT
BTC is currently priced at $64,236.4. Market trend analysis suggests a neutral sentiment.
On Binance, the long/short ratio is 1.2:1, showing a slightly higher number of long positions compared to short ones.
The current funding rate is 0, indicating balanced sentiment between long and short positions.
The latest BOLL support level is $64,032.9, and the resistance level is $64,475.7. These are potential areas where BTC may find support or face resistance.
The market sentiment index is at 53, indicating a neutral sentiment, neither extremely fearful nor greedy.
Technical indicators such as KDJ, MACD, RSI, EMA BREAK, and BOLL do not show any specific patterns, suggesting no clear signals or trends at the moment.
In summary, BTC shows a neutral trend with no clear patterns or trends. Traders should monitor the BOLL support and resistance levels closely.
Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; make decisions cautiously. 📉
#analysys #advice #tradingsignal #profits #btc $BTC
📌$IOTA /USDT (LONG)
Leverage: 5-10x
ENTRY: 0.1585 - 0.1785
OTE: 0.1685
0.18
0.184
0.189
0.195
0.20
0.21
0.22
0.23
0.24
SL: 0.1485
➖➖➖➖➖
#BULLDOZE_01
#FREESIGNALUPDATE #Futures_Trading #analysys
Leverage: 5-10x
ENTRY: 0.1585 - 0.1785
OTE: 0.1685
0.18
0.184
0.189
0.195
0.20
0.21
0.22
0.23
0.24
SL: 0.1485
➖➖➖➖➖
#BULLDOZE_01
#FREESIGNALUPDATE #Futures_Trading #analysys
#analysys
CertiK reports $129.6M lost in October due to crypto exploits, scams, and hacks, with Radiant Capital and M2 exchange among the hardest hit.
CertiK reports $129.6M lost in October due to crypto exploits, scams, and hacks, with Radiant Capital and M2 exchange among the hardest hit.
$USUAL Drop?
🚨 Will $USUAL Price Collapse After Listing? The Truth Behind the Hype! 📉
In the unpredictable world of cryptocurrency, accurate information is your most powerful tool. However, misinformation is spreading Binance Square.
💥 Let’s talk about $USUAL—a token that soared to a pre-market peak of $0.89. Now, some are claiming USUAL’s price will crash once it officially lists on exchanges. 🤯
But here’s the real story: USUAL has shown exceptional stability, even when the market downturns. So why are these misleading claims gaining traction? The answer is manipulation—and it’s time to expose it. 🔍
⚠️ Examples of Misinformation You Must Avoid 🚫
“Price will plummet by 50% after listing—sell now!” ⬇️
“Just like every new crypto, USUAL will lose value on its first day!” 💸
“Dump it now before it’s too late!” ⏳
These fear-mongering tactics often come from investors who bought at higher prices and are now desperately trying to recover their losses. 🛑 Others may be bots designed to spread FOMO (Fear of Missing Out) and create panic. 🤖
🔍 Why You Shouldn’t Trust These Claims 💡
Markets Are Unpredictable
Cryptocurrency markets are extremely volatile ⚡. Even the most seasoned analysts can’t predict USUAL’s price after listing. “Guaranteed drop” claims are speculative at best. Don’t make decisions based on rumors—make decisions based on facts. 📊
USUAL Is a Strong Project
With a pre-market peak of $0.89, USUAL has already proven its value. 🌟 Its stability during recent market downturns shows the strength of its community and fundamentals. This is not just another pump-and-dump token—it’s the real deal. 💎
No Whales, No Manipulation
USUAL’s steady price movements during market corrections prove there are no whales trying to manipulate the market. 🐋 This makes it a reliable investment that isn’t subject to easy price swings. Misinformation is spreading because there are no whales—just opportunistic fear-mongers. ⚡
Emotional Manipulation = Poor Decisions
These misleading posts aim to exploit your emotions 😤, driving you to make irrational decisions. Their goal is to create fear and panic, pushing you to sell before thinking it through. Don’t let emotions rule your investments! 🧘♂️
🚀 Why USUAL's Price Drop Concerns Aren’t Worth Your Worry 💥
USUAL’s pre-market peak of $0.89 is a clear indicator of its great potential. Any claims about a drastic price droppost-listing are not credible. USUAL’s strong community, solid fundamentals, and resilience during market downturns suggest a bright future 🌈. Don’t fall for misinformation—trust the facts and make smart, informed decisions. 📈
💬 Have questions or thoughts? Drop them in the comments below! Let’s discuss and break down the truth behind the noise. 🔎 Follow me for more insider insights and educational content on Binance Square! 🚀
✨ Stay informed. Stay smart. ✨
#UsualToken #usualcoin #USUAL2024 #USUALonLaunchpool $XRP $BNB
In the unpredictable world of cryptocurrency, accurate information is your most powerful tool. However, misinformation is spreading Binance Square.
💥 Let’s talk about $USUAL—a token that soared to a pre-market peak of $0.89. Now, some are claiming USUAL’s price will crash once it officially lists on exchanges. 🤯
But here’s the real story: USUAL has shown exceptional stability, even when the market downturns. So why are these misleading claims gaining traction? The answer is manipulation—and it’s time to expose it. 🔍
⚠️ Examples of Misinformation You Must Avoid 🚫
“Price will plummet by 50% after listing—sell now!” ⬇️
“Just like every new crypto, USUAL will lose value on its first day!” 💸
“Dump it now before it’s too late!” ⏳
These fear-mongering tactics often come from investors who bought at higher prices and are now desperately trying to recover their losses. 🛑 Others may be bots designed to spread FOMO (Fear of Missing Out) and create panic. 🤖
🔍 Why You Shouldn’t Trust These Claims 💡
Markets Are Unpredictable
Cryptocurrency markets are extremely volatile ⚡. Even the most seasoned analysts can’t predict USUAL’s price after listing. “Guaranteed drop” claims are speculative at best. Don’t make decisions based on rumors—make decisions based on facts. 📊
USUAL Is a Strong Project
With a pre-market peak of $0.89, USUAL has already proven its value. 🌟 Its stability during recent market downturns shows the strength of its community and fundamentals. This is not just another pump-and-dump token—it’s the real deal. 💎
No Whales, No Manipulation
USUAL’s steady price movements during market corrections prove there are no whales trying to manipulate the market. 🐋 This makes it a reliable investment that isn’t subject to easy price swings. Misinformation is spreading because there are no whales—just opportunistic fear-mongers. ⚡
Emotional Manipulation = Poor Decisions
These misleading posts aim to exploit your emotions 😤, driving you to make irrational decisions. Their goal is to create fear and panic, pushing you to sell before thinking it through. Don’t let emotions rule your investments! 🧘♂️
🚀 Why USUAL's Price Drop Concerns Aren’t Worth Your Worry 💥
USUAL’s pre-market peak of $0.89 is a clear indicator of its great potential. Any claims about a drastic price droppost-listing are not credible. USUAL’s strong community, solid fundamentals, and resilience during market downturns suggest a bright future 🌈. Don’t fall for misinformation—trust the facts and make smart, informed decisions. 📈
💬 Have questions or thoughts? Drop them in the comments below! Let’s discuss and break down the truth behind the noise. 🔎 Follow me for more insider insights and educational content on Binance Square! 🚀
✨ Stay informed. Stay smart. ✨
#UsualToken #usualcoin #USUAL2024 #USUALonLaunchpool $XRP $BNB
"Despite Bitcoin's recent price fluctuations, $KAS has demonstrated resilience by maintaining its position. The confirmation of the $0.14 support level indicates positive momentum toward our target of $0.241. Notably, we've observed a remarkable 12x gain from $KAS previously."
Feel free to ask if you need further adjustments or additional insights! 😊#Write2Earn! #KASUSDT #NewsAboutCrypto #analysys
Feel free to ask if you need further adjustments or additional insights! 😊#Write2Earn! #KASUSDT #NewsAboutCrypto #analysys
See original
As I previously warned, #BTC rejected the 12-period average of the daily chart and used the 236 Fibo region as support until now, forming an ascending bottom, but we must pay attention to the resistance region at $68,400, if it breaks this region it could seek its ATH.
#TradingMadeEasy #TraderAlert #analysys #ETH_ETFs_Trading_Today
#TradingMadeEasy #TraderAlert #analysys #ETH_ETFs_Trading_Today
Why ADA MUST Smash The 0.46 Resistance ‼️
ADA consolidates in the pocket right below the crucial resistance of $0.46. If Cardano bulls want to go full steam, breaking through this level is essential. Otherwise, the risk of another dip toward the "below 40 level" increases.
Read all details 👇
1️⃣ Chart Analysis
The 0.46 level has been a significant support and resistance level in Cardona's history. In April, ADA dived below this level for the first time since 2023. Afterward, ADA made several attempts to cross back above but was always rejected.
After its dip to 0.35, ADA started another attempt, which was rejected again. Currently, the token consolidates right below this level.
Breaking through the resistance would open the path towards 0.59-0.6, where the next stronger resistance lies.
2️⃣ Technical Indicators
On the daily chart, ADA shows some overbought momentum indicators resulting from the latest price increase. Therefore, the consolidation might be healthy to have momentum indicators return to neutral zones before a breakout starts.
3️⃣ Trade Signals
In one word: Indecisive.
A couple of weeks ago, ADA printed a bearish EMA crossover signal on the weekly chart. Signals on higher timeframes are usually very reliable. As a result, ADA dipped almost 20% right after. However, ADA flashed precisely the same signal on the daily chart just today! This further seconds the scenario of an outbreak to the top.
➡️ What's Next?
Based on the overall bullish momentum, I expect a short period of consolidation (similar to what we discussed about Bitcoin). Afterward, ADA should tackle and break the resistance.
$ADA #ADABullish #analysys
ADA consolidates in the pocket right below the crucial resistance of $0.46. If Cardano bulls want to go full steam, breaking through this level is essential. Otherwise, the risk of another dip toward the "below 40 level" increases.
Read all details 👇
1️⃣ Chart Analysis
The 0.46 level has been a significant support and resistance level in Cardona's history. In April, ADA dived below this level for the first time since 2023. Afterward, ADA made several attempts to cross back above but was always rejected.
After its dip to 0.35, ADA started another attempt, which was rejected again. Currently, the token consolidates right below this level.
Breaking through the resistance would open the path towards 0.59-0.6, where the next stronger resistance lies.
2️⃣ Technical Indicators
On the daily chart, ADA shows some overbought momentum indicators resulting from the latest price increase. Therefore, the consolidation might be healthy to have momentum indicators return to neutral zones before a breakout starts.
3️⃣ Trade Signals
In one word: Indecisive.
A couple of weeks ago, ADA printed a bearish EMA crossover signal on the weekly chart. Signals on higher timeframes are usually very reliable. As a result, ADA dipped almost 20% right after. However, ADA flashed precisely the same signal on the daily chart just today! This further seconds the scenario of an outbreak to the top.
➡️ What's Next?
Based on the overall bullish momentum, I expect a short period of consolidation (similar to what we discussed about Bitcoin). Afterward, ADA should tackle and break the resistance.
$ADA #ADABullish #analysys
$IO
Here's Why It's Down:
In the last 24 hours, $IO faced significant selling pressure, causing its price to drop over 25-30% from $5.8 to $4.22. This decline has sparked curiosity among investors holding long positions.
Possible Reason for the Price Drop:
A newly launched token, $ZK on Binance has attracted short-term traders who liquidated their IO positions to capitalize on the high volatility and volume of the new token. This shift in focus is likely a major factor behind the recent sell-off.
Long-Term Outlook:
This short-term trading activity should not impact the long-term value of $IO . Investors are advised to stay calm and not worry about this temporary fluctuation.
Disclaimer: Cryptocurrencies are highly volatile and subject to rapid price changes. Always do your own research before investing.
#analysys #ionet #zkairdrop
Here's Why It's Down:
In the last 24 hours, $IO faced significant selling pressure, causing its price to drop over 25-30% from $5.8 to $4.22. This decline has sparked curiosity among investors holding long positions.
Possible Reason for the Price Drop:
A newly launched token, $ZK on Binance has attracted short-term traders who liquidated their IO positions to capitalize on the high volatility and volume of the new token. This shift in focus is likely a major factor behind the recent sell-off.
Long-Term Outlook:
This short-term trading activity should not impact the long-term value of $IO . Investors are advised to stay calm and not worry about this temporary fluctuation.
Disclaimer: Cryptocurrencies are highly volatile and subject to rapid price changes. Always do your own research before investing.
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