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Due to the trade war, the price of #AVA has returned to the accumulation area. This area has always been the starting point for strong growth. Every breakout from here has led to a movement of double or more, and it seems that the accumulation phase has ended. So, don't dismiss this if you are looking for a double gain in a short period of time šāļø Short-term targets: 10% - 30% - 50%
A market order is an immediate buy or sell order at the best available price. It is executed based on existing limit orders in the order book, which means market orders depend on market liquidity to be fulfilled.
Unlike limit orders that are placed in the order book and wait for someone to execute them, market orders are executed immediately at the current market price. Therefore, when completing a market order on the Binance platform, you will pay trading fees as a market trader.
The WOO pair is currently stabilizing within an ascending triangle pattern, bouncing off the support trend line. The Ichimoku cloud acts as dynamic support, reinforcing the bullish momentum. A decisive breakout above the triangle resistance level may indicate a continuation of the upward trend. Monitor price action closely to confirm any potential breakout or reversal.
Bitcoin dominance has decreased from a large-volume ascending wedge pattern, indicating potential weakness. It is currently trading within the Ichimoku cloud, which represents a major support area.
Any clear breakdown below the cloud will signal further decline in dominance. This may trigger a new upward wave in the altcoin market - keep a close watch on the situation to confirm this.
It is important to note that dominance is often inversely related to the market capitalization of altcoins.
Analysis: BNB shows optimism, having bounced off a strong support level near $600. It is breaking through a downward channel, indicating a potential upward trend. The recent consolidation reinforces the likelihood of upward momentum.
Price Targets: If BNB maintains this trajectory, the first target will be $740, followed by a major resistance level at $800. Please watch for any signs of reversal below $560 for reassessment.
Analysis: The PNUT/USDT pair has broken through a traditional descending channel, indicating a bullish reversal. This pattern appears strong for traders looking for potential gains, as breakouts often signal upward momentum. The current momentum may be part of a larger trend shift.
Price Targets: The first target is at $0.38, which aligns with the previous resistance level. If the momentum continues, watch for $0.57 as an extended target. The pattern suggests a promising profit potential of up to 200% for those skilled in setting entry and exit strategies.
#crypto Chairman of the U.S. Securities and Exchange Commission (SEC) discusses a new approach to regulating the cryptocurrency industry
New Policy for Decentralized Finance (DeFi): - The U.S. Securities and Exchange Commission (SEC) is working on an "innovative exemption" for decentralized finance platforms, which would free them from regulatory barriers. - The SEC needs to amend rules to provide exemptions for issuers and intermediaries in blockchain systems. - Developers of decentralized finance (DeFi) software should not be held responsible for how their tools are used. - The previous approach of the commission stifled innovation under the pretext that developers could be intermediaries.
Position on Self-Custody of Cryptocurrencies: - The right to self-custody of private property is considered a "core American value". - The SEC intends to provide cryptocurrency investors with greater flexibility for self-custody of tokens.
New Approach of the Regulatory Agency: - A radical shift in the SEC's approach and stance towards the cryptocurrency industry. - Criticism of applying "outdated regulatory frameworks" to new technologies.
- "Do not fear the future". - Establishing a working group for cryptocurrencies. - Hosting discussions on various aspects of cryptocurrencies. - The Republican majority in the committee supports pro-cryptocurrency policies.
$D The USDT.D pair is trading within a descending triangle pattern on the weekly timeframe.
It is currently facing a breakout of the resistance trendline, with the Ichimoku cloud acting as a barrier.
This pattern indicates the potential for further declines if a breakout occurs below the support area.
Due to the inverse relationship with cryptocurrency markets, a decline in Tether's dominance may signal a strengthening bullish momentum for alternative coins.