This category made up of 1m-3m STH has a cost basis at $64,900 so we are within $1,000 of testing this level.
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#ZECUSDT 1D
#ZEC is trading within a symmetrical triangle on the daily timeframe and is currently holding above the 100-day SMA. Keep a close eye on the price action. A confirmed breakout above the triangle resistance could open the way toward the following upside targets:
π― $554.38
π― $606.78
π― $673.54
On the other hand, a breakdown below the triangle support could bring the two key support zones marked on the chart into play as potential buying areas.
Therefore, it is better to wait for a confirmed breakout or breakdown before making a decision.
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
#ZEC is trading within a symmetrical triangle on the daily timeframe and is currently holding above the 100-day SMA. Keep a close eye on the price action. A confirmed breakout above the triangle resistance could open the way toward the following upside targets:
π― $554.38
π― $606.78
π― $673.54
On the other hand, a breakdown below the triangle support could bring the two key support zones marked on the chart into play as potential buying areas.
Therefore, it is better to wait for a confirmed breakout or breakdown before making a decision.
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
However, according to the Sharpe Ratio, this phase still requires significant resilience, as current returns remain poor relative to the level of volatility being assumed.
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#PROVEUSDT 1D
#PROVE is trading within a falling wedge pattern on the daily timeframe. Both the RSI and MACD are showing signs of potential bullish momentum. A confirmed breakout above the wedge resistance could trigger a move toward the following upside targets:
π― $0.1793
π― $0.1896
π― $0.2000
π― $0.2148
π― $0.2337
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
#PROVE is trading within a falling wedge pattern on the daily timeframe. Both the RSI and MACD are showing signs of potential bullish momentum. A confirmed breakout above the wedge resistance could trigger a move toward the following upside targets:
π― $0.1793
π― $0.1896
π― $0.2000
π― $0.2148
π― $0.2337
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
The derivatives market sentiment is positive within the current #BTC price range, indicating that most traders are taking long positions.
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#REDUSDT 1D
#RED has seen a significant volume spike and is on the verge of breaking above the descending resistance on the daily timeframe. A confirmed breakout could trigger a bullish move toward the following upside targets:
π― $0.1016
π― $0.1123
π― $0.1210
π― $0.1297
π― $0.1420
π― $0.1577
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
#RED has seen a significant volume spike and is on the verge of breaking above the descending resistance on the daily timeframe. A confirmed breakout could trigger a bullish move toward the following upside targets:
π― $0.1016
π― $0.1123
π― $0.1210
π― $0.1297
π― $0.1420
π― $0.1577
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
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#THETAUSDT 2D
#THETA is trading within a falling wedge pattern on the 2-day timeframe. The structure looks promising, while both RSI and MACD are showing bullish momentum. Price is approaching the wedge resistance and the 2-day SMA50. A confirmed breakout above these key levels could trigger a bullish move toward the following upside targets:
π― $0.1653
π― $0.1914
π― $0.2126
π― $0.2337
π― $0.2637
π― $0.3020
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
#THETA is trading within a falling wedge pattern on the 2-day timeframe. The structure looks promising, while both RSI and MACD are showing bullish momentum. Price is approaching the wedge resistance and the 2-day SMA50. A confirmed breakout above these key levels could trigger a bullish move toward the following upside targets:
π― $0.1653
π― $0.1914
π― $0.2126
π― $0.2337
π― $0.2637
π― $0.3020
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
The figure reached approximately +166,000 BTC.
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#XAIUSDT 1D
#XAI is testing the long-term descending resistance trendline along with the Ichimoku Cloud. Keep a close eye on the price action. In case of a solid breakout above these resistance levels, the potential upside targets are:
π― $0.00879
π― $0.01055
π― $0.01197
π― $0.01339
π― $0.01542
π― $0.01800
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
#XAI is testing the long-term descending resistance trendline along with the Ichimoku Cloud. Keep a close eye on the price action. In case of a solid breakout above these resistance levels, the potential upside targets are:
π― $0.00879
π― $0.01055
π― $0.01197
π― $0.01339
π― $0.01542
π― $0.01800
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
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Bottoms are formed when profit taking slows and conviction buyers step in. This setup looks similar to what we saw during 2022.
The largest increase in BTC held by conviction buyers occurred when BTC dropped to $60k in January.
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Historically, thatβs meant a +18.1% median gain over the next 60 days, with a 78% win rate.
With valuations this depressed, the win rate jumps to 87%.
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Digital Chartist
#PUMPUSDT 1D #PUMP is moving inside a falling wedge pattern on the daily chart. It has bounced off the wedge support and looks interesting. In case of a breakout above the wedge resistance, the potential upside targets are: π― $0.001667 π― $0.001955 π― $0.002188β¦
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Digital Chartist
#METUSDT 1D #MET is trading above the Ichimoku Cloud and is on the verge of breaking above the descending resistance on the daily timeframe. A confirmed breakout could trigger a bullish move toward the following upside targets: π― $0.1968 π― $0.2203 π― $0.2537β¦
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Digital Chartist
#LINKUSDT 1D #LINK is moving inside a falling wedge pattern on the daily chart. It is currently facing a key resistance zone formed by the Ichimoku cloud and the wedge resistance. In case of a breakout above these levels, the potential upside targets are:β¦
#LINKUSDT 1D Update
27.34% upπ
π― $8.993β
π― $10.072β
π― $10.944
π― $11.816
π― $13.058
π― $14.640
27.34% up
π― $8.993
π― $10.072
π― $10.944
π― $11.816
π― $13.058
π― $14.640
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Digital Chartist
#ZECUSDT 1D #ZEC is trading within a symmetrical triangle on the daily timeframe and is currently holding above the 100-day SMA. Keep a close eye on the price action. A confirmed breakout above the triangle resistance could open the way toward the followingβ¦
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Short sellers are forced to buy back their positions to limit losses. These forced buybacks in turn fuel the rally, creating a snowball effect.
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