The price is currently trading within a falling wedge pattern and is respecting both the support and resistance lines. You may consider opening a long position near the support area. A breakout from this falling wedge will determine the next rally. Keep in mind that a falling wedge is a bullish pattern, typically breaking in an upward direction.
On August 16, realized profits surged to $575M — the largest profit-taking event of this cycle so far.
This highlights a clear trend of long-term ETH holders reducing exposure and locking in gains as the market tests key all-time high resistance zones. #ETH🔥🔥🔥🔥🔥🔥 #ETHETFsApproved #ETH
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Price is trading in symmetric triangle and respecting the support and resistance lines. You can open long position around $2.80-$2.90 area with tight stop loss. A break of this triangle will push the price towards all-time high resistance of $3.55-$3.70 area. Follow for more #XRPRealityCheck #XRPPredictions #freesignal
There is a stupid way to trade cryptocurrencies that can help you easily earn a million a year! I have tried many trading methods, but most of them lack practicality. Only this method has allowed me to achieve relatively consistent profits, and I am still using it now; it is highly effective and very stable. You don't have to worry about whether you can learn it. If I can seize this opportunity, so can you. I am not a god, just an ordinary person. The only difference between others and me is that they have overlooked this method. If you can learn this method and take it seriously during the trading process, it can help you earn an additional 3 to 10 percentage points every day. First step: Add cryptocurrencies that have risen on the list within the last 11 days to your watchlist. However, you need to note that any cryptocurrency that has dropped for more than three days should be excluded to avoid capital exiting after profit. Second step: Open the candlestick chart and only look at coins with a monthly MACD golden cross. Third step: Open the daily candlestick chart, here only look at the 60-day moving average. As long as the price of the coin pulls back near the 60-day moving average and a volume candlestick appears, then enter the market with a significant investment. Fourth step: After entering the market, use the 60-day moving average as a standard. If the price is above it, hold on; if it is below, sell. This is divided into three details. The first is that when the price increase exceeds 30%, sell one-third. The second is that when the price increase exceeds 50%, sell another one-third. The third, which is the most important and the core that determines whether you can profit, is that if you buy in on a day and the next day there is an unexpected situation where the price drops below the 60-day moving average, then you must exit completely. Do not have any delusions. In the cryptocurrency market, the most important thing is to protect your principal. However, even if you have sold, you can wait until it meets the buying criteria again before buying back!
Price is tested the support area and and holding this level. You can open long position at the support area. DOGE is lagging in this bull run and we may see a big rally anytime.
#BTCUSDT Bitcoin has broken out of the ascending triangle on the daily time frame. This is not a good sign for the continuation of the upward trend and this is one of the strong patterns for the downtrend. If the daily candle closes and the bearish confirmation signals are there, we can risk-free all our bullish analysis and wait for better opportunities.#BinanceHODLerPLUME #BTC
Bitcoin has dipped below $115,000, but no candle has closed below this level yet. A close below $115,000 would be bearish, likely leading to a drop toward the $112,000-$112,600 area. The major resistance is around the $118,000 area.#BinanceHODLerPLUME #PowellWatch #MarketPullback #StrategyBTCPurchase
Price has failed to break the downtrend line and was rejected from it. We might see a test of the support area before the next move. You can place buy orders in the support area.
Support Area: $0.1060-$0.1170 Follow for more analysis
Bitcoin is unable to reclaim above $118,500 and rejected from there. Price is taking support at $115,000 area. Let’s see how market reacts when the US market opens. Follow for me analysis $BTC #ETHStakingExitWatch #MarketPullback #PowellWatch
MANTA has tested the support area again and taken the liquidity. The price has now moved more than 10% after reaching this support level. Consider adding more at the support area and holding the trade. The support and resistance levels remain unchanged.