Market Insights

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Navigating the Cryptocurrency Plunge: What’s Behind the Recent Market Downturn?

Cryptos take a nosedive after the report that Mt. Gox moved 47228 BTC from cold storage to a new address. ETHUSD ETHUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice...

By NovaX

Updated 3 hours ago

LONG

Bitcoin Price Analysis: Breaking Downtrend for Uptrend Continuation Towards $69,900

Bitcoin _ a Downtrend Breakout after reaching the 0.7 Fibonacci Retracement level. The breakout indicates an uptrend continuation, with the next target at $69,900. I want to help people to Make Profit all over the "World".

By NovaX

Updated 4 days ago

LONG

Is Dogecoin a Lucrative Investment Amidst Market Volatility?

```html As you can see on the daily chart, dogecoin is trending downwards in this channel. Buyers seem unable to break above .12800 resistance at the moment. If price breaks below the support line, I will wait to see how price reacts to the potential buy zone for a long position/dead cat bounce. If price retests the support line and doesn't break it, I might enter for a scalp to the upside. If price breaks above the channel and creates a new trend upwards, I will enter long. What are your thoughts on dogecoin? DOGEUSD ```

By NovaX

Updated 6 days ago

SHORT

Predicting Bitcoin’s Next Move: How Low Will It Go?

Looking at BTC on the daily chart we see price is moving downward within this channel. Buyers are currently unable to make a sustained break through of the ~$62,000 resistance level. If price continues its downward movement I will be looking for opportunities within the marked potential buy zone. If price breaks above the channel I will wait for confirmation to go long for a short-term move upwards until further data is available. What are your thoughts on Bitcoin? BTCUSD

By NovaX

Updated 6 days ago

Bitcoin Price Analysis: Key Levels to Monitor for Potential Surge to $52k

Bitcoin's Current Setup Bitcoin (BTC) traded in a bull flag and broke out about a month ago. However, the outbreak has only led to a pump so far. Recently, BTC has started to trade in a downtrend but has continued to respect the upper boundary of the bull flag. Potential Price Movement If Bitcoin continues on this trajectory, it is likely to reach the major support area around $62,000 in the coming days. This presents a critical juncture: if both support lines hold, BTC may initiate a fresh pump; otherwise, the situation could turn bearish. Key Support Levels If BTC breaches the support at $62,000,...

By NovaX

Updated 2 weeks ago

Ethereum Price Analysis: Exploring the Future of ETH Amidst Market Correction

ethereum #ethusd ETHUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation...

By NovaX

Updated 3 weeks ago

Cryptocurrency Market Analysis: Week 25 Insights and Week 24 Recap

Tech Analysis for the coming week + review of the current! Usually takes about 15-20 mins, sharing as much as possible, Stay Tuned! If you find the content useful to you, do follow me on trading view and give me a Rocket BOOST!

By NovaX

Updated 3 weeks ago

Dogecoin Analysis: Overview & Potential Price Scenarios

```html The 1D TF chart for Dogecoin shows that the price is currently oscillating between significant Fib levels of 0.382 at $0.16154 and $0.17103, which are being tested as support and resistance. Additionally, the price is situated in the middle of the Ichimoku, indicating uncertainty and the potential for sideways movement. Yesterday's candlestick formed an Inverted Hammer Pattern, a Bearish Signal, while today's candlestick is forming a Hammer Pattern, a Bullish Signal, further confirming market uncertainty. Key support and resistance levels play a crucial role in determining the future direction of the price. The support level at $0.15313 (0.5 Fib) is critical. If the...

By NovaX

Updated 4 weeks ago

Ethereum Price Forecast: Expert Analysis and Insights for ETH/USD (29th April 2024)

ETHUSD Analysis The 4-hour timeframe for ETHUSD shows a bullish Change of Character following a significant retracement. This has led to the formation of a new bullish FVG on the 4-hour chart. Ideally, the price would retrace to the 3282 level to test the minor resistance it broke out of on the 4-hour chart. Confirmation signals on the 15-minute or 5-minute timeframe would validate a potential upward move, aligning with the formation of the bullish FVG. In the event that price action turns bearish and closes below 3074, I would consider looking for selling opportunities using the break and retest strategy. A confirmation...

By NovaX

Updated 2 months ago