CRYPTO BULLS©
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#BTC/USDT ANALYSIS
Bitcoin has broken down from the descending triangle and is currently trading below it. The 200-day moving average is acting as resistance above the price action, suggesting further downward movement.
However, if Bitcoin attempts a retest but instead breaks above the resistance of the 200MA, further consolidation within the triangle can be expected. A decisive breakout above the triangle would serve as a strong bullish confirmation.
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3720
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#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is presently confined within a descending channel pattern and has recently tested the lower trendline, showing signs of an attempted rebound.
However, resistance is being encountered from the Ichimoku cloud situated within the channel. For a bullish reversal to be confirmed, the market cap would need to break out above the upper trendline of the channel.
Conversely, a breakdown below the support trendline could indicate further declines, signaling a continuation of the bearish trend.
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3720
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#HBAR
Hedera Hashgraph is forming a symmetrical triangle with ascending support around $0.0500 and descending resistance near $0.1000💁♂️
The price may bounce off the support zone and breakout above the dashed resistance zone🤔
A breakout above the resistance could propel the price towards $0.4300🎯
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2920
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#ETC
Price is trading around multi-month support trendline🔍
Potential good entry if support holds🔺
Watch for bounce and increased volume for confirmation👨💻
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2930
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💰 #BTC & 💰 #ETH we are going lower as expected📉🤝
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2020
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#JUP
Falling wedge lower border is holding well🧐
Upside targets after bounce: $0.89, $1.10 and $1.32🎯
Consider buying now and add on dips☝️
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2020
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#SOL/USDT
Solana is forming a symmetrical triangle pattern💁♂️
The price has recently rebounded off the $120 support zone, indicating bullish momentum📈
If $SOL breaks above the $140 resistance, it could target the upper resistance at $210🎯
The overall trend is supported by higher lows and significant buying volume at support levels📝
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2020
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#btc
Double Top formation nearing confirmation😬
Bearish signal if confirmed - prepare for potential downside📉
Monitor price action and volume closely🔍
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2020
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#MATIC
Token in downtrend since $1.25 high in March 2024📉
Price may bounce from the support zone or do fakeout below it and bounce from the 0.32 dashed support🔺
Long-term target: $2.75🎯
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2220
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