#KNC , After hitting the trend line, it failed to cross it and declined. It is expected to decline to the $0.720-0.740 support due to the strong bearish candles being registered, if it can break the dynamic support.
#LDO has reached the ceiling of the ascending channel for a long time, but could not cross it. A negative divergence is also observed and there is a possibility of the price falling to the bottom of the channel.
#Bitcoin’s dominance has been on the rise recently. One of the factors that might be helping its rebound in this cycle is the regulatory environment and the clarity US investors have around Bitcoin as a commodity
#Educational
What is Divergence ?
#Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
What is Divergence ?
#Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
The #OP price reached the ceiling of the ascending channel and could not cross it and started to decrease, and it is likely that it will decrease to the price of $2.6, that is, to the bottom of the channel.
After the good news of #AUDIO , the price had a great growth and now it should be corrected a bit. When it can break the dynamic resistance, it will continue to grow up to the channel ceiling again.
#Educational
Triple Bottom
A triple bottom pattern shows 3 different small lows at around the similar amount. The triple bottom is regarded to be a difference of the head and shoulders bottom. Like that pattern, the triple bottom is a reversal pattern.
The only option which distinguishes a triple bottom from a head and shoulders bottom is the lack of a “head” between the two shoulders. The triple bottom shows a downtrend in the procedure of becoming an uptrend. It is, therefore, vital to the validity of the pattern that it commence with prices moving in a downtrend.
Triple Bottom
A triple bottom pattern shows 3 different small lows at around the similar amount. The triple bottom is regarded to be a difference of the head and shoulders bottom. Like that pattern, the triple bottom is a reversal pattern.
The only option which distinguishes a triple bottom from a head and shoulders bottom is the lack of a “head” between the two shoulders. The triple bottom shows a downtrend in the procedure of becoming an uptrend. It is, therefore, vital to the validity of the pattern that it commence with prices moving in a downtrend.
After reaching the ceiling of the channel, the #RVN price could not cross it, and the price decreased at the same time as the market fell. The price decrease will probably continue until reaching the support of 0.0270 - 0.0265 $.
#CKB has a good dynamic support, if it is maintained, the price will reach the resistance of $0.00780-0.00830.
#OKX issued an announcement saying that the #CELT token project manipulated the market, and finally returned 1.3 million #USDT after communication.
#OKX will deduct 2.01 million #USDT from five suspicious project accounts, and donate 1 million #USDT at the same time, and #airdrop it to the damaged users.
#OKX will deduct 2.01 million #USDT from five suspicious project accounts, and donate 1 million #USDT at the same time, and #airdrop it to the damaged users.
#Mastercard and #Visa set crypto plans on hold amid market decline.
#Blur is leading the race with between 4 or 5 trades per user on a daily base, while OpenSea sees on average of two daily trades per user
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The price of #DYDX has broken the dynamic resistance and will probably grow up to the specified resistance, and if it can break the resistance, its next target is $3.6
#FTM price has reached the important support of $0.4140-0.4300. Considering the weakening of bearish candles, we expect the price to be well supported. If it can overcome the resistance, it will grow well.
#Educational
Inverse Head And Shoulders
The inverse head and shoulders chart pattern is used to predict the reversal of a downward trend. It is also sometimes called the “head and shoulders bottom” or even a “reverse head and shoulders,
traders can draw a neckline between the shoulders and the head – the two peaks between the low points- showing that prices are likely to rise.
Once the pattern completes itself and the neckline has been broken, traders can determine profit and price targets.
Inverse Head And Shoulders
The inverse head and shoulders chart pattern is used to predict the reversal of a downward trend. It is also sometimes called the “head and shoulders bottom” or even a “reverse head and shoulders,
traders can draw a neckline between the shoulders and the head – the two peaks between the low points- showing that prices are likely to rise.
Once the pattern completes itself and the neckline has been broken, traders can determine profit and price targets.
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