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ETHUSD Bull Run Forecast: Key Support Level & Bull Market Insight

Ethereum (ETHUSD) Support and Resistance Levels Ethereum (ETHUSD) currently shows a strong support level at $2760. From this level, there is a high possibility of a significant gain. However, if the $2760 support level fails, we can expect the next major support between $2100 and $2200. This area should provide a strong bounce as the bull run approaches. Historical Movement of Ethereum Historically, Ethereum has shown major movements during bull markets. In January 2016, Ethereum flipped resistance and saw a massive pump, creating a new resistance zone by January 2018. The next bull market in May and November 2021 saw Ethereum touching this...

By NovaX
Updated 2 days ago
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XRPUSD: Is It Dead or Ready to Rise Parabolically?

The XRP (XRPUSD) has been closing below both its 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line) since the week of April 08. At the same time it is testing the bottom (Higher Lows trend-line) of the Triangle structure that started on the January 01 2018 All Time High (ATH). In relative terms, it appears to be similar to the Triangle that started after the December 02 2013 High and broke-out to the upside on March 20 2017. Its 1W RSI is at 40.00, low enough historically to...

By NovaX
Updated 1 week ago
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Binance Coin Price Prediction: BNB/USD Targeting $2000 in Q4

The Binance Coin (BNBUSD) Accumulation Phase The Binance Coin (BNBUSD) has been accumulating since early March (March 11 candle), trading sideways within the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line). The 1W MA50 (blue trend-line) has been the support since the late December 2023 bullish break-out. Support and Previous Cycle Comparison The 1W MA50 should continue to act as support throughout the remainder of the Bull Cycle. This was also the case during the previous Cycle when BNB experienced the final accumulation phase (blue ellipse) from September to December 2020, again within the same MMB zone....

By NovaX
Updated 2 weeks ago
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“Ethereum Price Analysis: Latest Updates on ETH Performance and Market Trends”

Why Are People Conditioned to Believe in the Success of Others? Ethereum remains strong in its position and is often viewed as resistant to setbacks. The market perception regarding the success of one entity benefiting others raises questions about this conditioning. The Unique Identity of Ethereum Tokens Ethereum and its associated tokens have distinct characteristics that separate them from other digital assets. The individuality and functionality of Ethereum tokens set them apart within the blockchain ecosystem. Understanding Solana Tokens and Avalanche Exploring the concepts of Solana tokens and Avalanche provides insights into the diverse offerings within the cryptocurrency space. Solana tokens and Avalanche represent specific...

By NovaX
Updated 3 weeks ago
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Bitcoin Liquidation and Retest of Support: Predicting the Next Move to $74K

BTCUSD is currently experiencing a correction phase, with the price struggling to break through the 71500 resistance level. This consolidation pattern is evident on higher timeframes, indicating a tug of war between buyers and sellers. The market sentiment hinges on the crucial 71500 level, as a successful breakout and sustained consolidation above this point could pave the way for a rally towards 74K. However, the market lacks the necessary momentum at present, leading to ongoing consolidation within the range of 71500 to 64500. It is essential to monitor the upward support levels, particularly around 64500, which serves as a key area...

By NovaX
Updated 3 weeks ago
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SOLUSD Price Analysis: Is $4K Attainable? Monitoring the 1W RSI for Entry Signals

```html Solana (SOLUSD) Correction and Price Analysis Solana (SOLUSD) has been on a correction mode since the March 2024 High, in an attempt to technically harmonize the massive rally of 2023. The 1W RSI Double Topped in the same month and this is where all the essence of the current price action is. RSI Levels and Market Trends The 1W RSI peaked on the exact same level (86.00) back on the week of August 24 2020. It didn't find a bottom before entering into bearish territory again around 41.50. That correctional Channel was more aggressive than the current, so this time we may only...

By NovaX
Updated 3 weeks ago
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Unveiling the Latest Updates on Solana (SOL) in the Cryptocurrency World

Solana is a well-known cryptocurrency that has solidified its position on the radar of many investors. In addition to its substantial trading volume and impressive functionalities, the technical analysis of Solana paints an intriguing picture. Following the conclusion of its recent upward trend, a prolonged corrective wave has commenced. Currently, it appears that this corrective wave has reached its culmination at the 0.5 Fibonacci retracement level. Moreover, the correction is unfolding within an inverted wedge pattern. The next pivotal moment will be when the price breaks out of this pattern to the upside. It will be interesting to observe how...

By NovaX
Updated 3 weeks ago
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