Greetings to everyone,

Our last KuCoin Mega Bull Call broke all records and to celebrate the upcoming Mega Bull Call we're giving our community an amazing surprise in this bear market. the biggest crypto whales wants to help our community and a total of $15k will be given to eligible participants.

Join the bot @WhalesGiveaway_Bot and get your unique referral link. Share the link with your friends, and family, and on your social networks.

To be eligible for the giveaway you need at least 5 referrals through the link and must follow the rules mentioned in the bot.

The winner with the most number of referrals will get a $5000 reward. Here are full details of how rewards will be given:

🔝RANK                  💰REWARD
1                            $5000
2                            $3000
3                            $2000
4                            $1000
5                            $750
6-10                      $250
11-50                    $50

The final results will be announced on 31th July. Good luck.

Here is the analysis of #XRP:

Price is now testing the $0.48-$0.4846 support zone. Overall market is looking good and a bounce is expected from this support zone. You can build a long position with proper risk management. The resistance is mentioned on the chart.

#BTC is been still inside the range and might move with Monday volume with market open. Price nearly tested the support zone of $30,000 and have to wait for a breakout to happen. Market Structure is bullish, so hoping for a rejection.

#ETH made a easy Consolidation above the major support and blast up towards the next resistance zone around $1927 and ranging. Well, we've an another strong level above around $2000 but we need to breakout either side to decide the direction

What is Chart Patterns in Trading ?

Chart patterns in trading refer to a recognizable #pattern that forms on a price chart that can provide information on the direction of the market, trend, and potential price movements. They are visual representations of the supply and demand dynamics of an asset in the financial markets. There are many different types of chart patterns, including but not limited to #Head and Shoulders, Double/ Top Bottom, #Triangle Pattern, #Cup and Handle, #Flag and Pennants.

The different types of chart patterns each have their own #characteristics and implications. For example, the head and shoulders pattern typically consists of three peaks, with the #middle peak being the highest, and is used to identify potential trend reversals from bullish to bearish. The double top/bottom pattern consists of two peaks or valleys and can signal a potential #trend reversal or #continuation, depending on the direction of the pattern.

Chart patterns can be used in #conjunction with other technical analysis tools and indicators to make trading #decisions, such as #entering or #exiting a trade, setting stop-loss orders or taking profits.

#Digital asset investment products saw the largest single weekly inflows since July 2022, totaling $199M, correcting almost half of the prior 9 consecutive weeks of outflows.

Here's the Analysis of #SOL :

#SOL rejected of the strong resistance zone of $17.35 - $17.59 and been consolidating inside the range below the zone. Price taking support around $16.00 -$16.20 and have to wait for a setup. Potential buys come from here, so this setup will be high risk. A breakout will decide the next potential entry for low risk trade.

There's not alot movement in #bitcoin and market kinda slowed down too. Price still holding the support zone, kinda hodling above/ buying support. in LTF, price forming the bull flag, so wait for a breakout to happen.

#XRP doesn't look promising and and trying to break below the support zone. Currently, trade running at breakeven, so close it. Better prepare for shorts, after the break and close below.

What is Head & Shoulder Pattern (H&S) ?

A #Head and Shoulders pattern is a technical chart pattern that is used in technical analysis to identify #potential reversal patterns in the price of an asset. The pattern is formed when the price rises to a #peak (the left shoulder), then falls, rises again to a higher peak (the head), falls again, and then rises to a lower peak (the right shoulder). The pattern resembles a person's head and shoulders, hence the name.

The Head and Shoulders pattern is considered to be a #bearish reversal pattern, which means that it suggests that the price trend of the asset is likely to reverse from an upward trend to a downward trend. The pattern is typically used by technical analysts to identify when to sell or #short a security, and to set stop-loss orders to limit potential losses.

#Traders often use other technical indicators in conjunction with the Head and Shoulders pattern to #confirm their trading decisions.

Here's the Analysis of #NEAR :

#NEAR is been rejecting off the major resistance zone $1.52 - $1.56 and kinda rejecting from trendline too. Right now, price taking off support from the structural area around $1.44. Its better to break either side to take any potential setups. For shorts, we need a closure below the $1.42 area.

#BITCOIN DAILY TF UPDATE :

#BITCOIN broke out of the falling wedge pattern and gave a massive push to the upside. As per Falling wedge price reached the target after breakout but now the only problem is major resistance around $31,680. Price already struggling over there and $27,800 is the last hodling area for that, so keep an eye on it.

Analyzing the average weekly #BTC netflow reveals intriguing patterns in their actions. In the initial phases of the 2020-2021 bull market, the #LUNA incident and #FTX fallout resulted in a period of significant accumulation and preference for self-custody. Many exchanges witnessed daily net outflows of 5,000 -10,000 #BTC.

Interestingly, #Binance exhibited contrasting behavior on multiple occasions. During market sell-offs and downtrends, the exchange experienced substantial #inflows. This could be attributed to #investors shifting their holdings away from perceived riskier exchanges (such as #FTX) towards the world's largest exchange, #Binance.

Another Buys Came from #MicroStrategy

Now they total Hodl 152,333 #Bitcoin, which is now worth $4.52B.

#TOTAL2 UPDATE :

#TOTAL2 (Altcoin MarketCap) did exactly what we predicted and Index strongly bounced from the support zone as drawn. Now, its kinda consolidation in a range below the resistance zone around $575B, which can be a turning point for bullish movement in altcoin.

Here's the Analysis of #OP :

#OP is been rejected of from the major resistance zone around $1.363 - $1.419 and might drop to structural support level around $1.07. Looking onto the LTF, We can expect continue in sells till support area so take the risk accordingly.

#Bitcoin did gave a breakout of the resistance line/ bull flag formation but volume is pretty much low now. Price tested the zone as support and rejected. Its a new range now, so wait for a breakout. Daily is Bullish to expect the same but $29,800 with Daily candle closure will be the last resort.