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Ready to Invest: A Comprehensive Update on Cryptocurrency Analysis

SHIB/USD 3M Analysis Update As predicted, the price of SHIB/USD has continued to trade in a bearish manner. The momentum is expected to push the price lower, presenting an opportunity to buy this cryptocurrency at a favorable price point for potential profits. Monitoring this trend closely over the next few weeks is crucial. Trading Strategy To consider increasing holdings in this crypto asset, confirmation of an upward trend is essential. The ideal scenario involves the price entering a Demand zone and signaling readiness for an upward movement. This confirmation will be indicated by a Breakout to the Upside (BOS) following the price's entry into...

By NovaX
Updated 13 hours ago
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Ethereum Surpasses Solana: The Future of Crypto Trading

I've been monitoring various crypto charts, and it seems that the narrative surrounding SOL may be reaching its conclusion. My analysis suggests that ETHUSD and ETH-related coins are poised to surpass SOL and its related assets. While SOL and its associated assets may experience a temporary surge to retain investors, I anticipate that they will enter into longer-term downtrends. Looking ahead, the strategic move appears to be towards ETH-related assets. Despite many investors losing interest in ETH-related names like AAVE, APE, BAL, CHZ, CRV, KNC, SHIB, and others due to stagnant prices since last October, I believe a shift is imminent....

By NovaX
Updated 4 days ago
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Bitcoin Consolidation: Key Levels to Watch for in the Cryptocurrency Market

Bitcoin Technical Analysis Current Outlook The price will consolidate between 62400 and 59940 till breaking. Bearish Scenario As long as the price remains below 62410, the bearish trend is expected to continue, with the first target at 59940. A break below this level could lead to the next bearish target of 56810. Bullish Scenario For a bullish reversal, the price needs to stabilize above 62410, aiming for 64900. If the price moves above this level, the uptrend could extend towards 70,000. Key Levels - Pivot Line: 62400 - Support Levels: 59940, 56600, 52800 - Resistance Levels: 64900, 67200, 70000 Expected Range The anticipated movement range for Bitcoin is between support 56900 and...

By NovaX
Updated 5 days ago
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Weekly Ethereum Market Update: June 19th – June 25th

The market outlook The market fell further as we expected last week. During the economic data window, the market began to price in only one interest rate cut this year. This is not just for the crypto market but for all financial markets. This situation is likely to last until early July before bulls come back and bring enthusiasm again. During this period, the PCE released this Friday will bring about a small rebound. BTC ETFs and market sentiment In addition, multiple BTC ETFs have experienced net outflows for several consecutive days, which is also a microcosm of the US market sentiment. After...

By NovaX
Updated 6 days ago
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Solana: Unveiling TWO Bearish Signals in the Crypto Market

Solana has lost a longstanding trendline that acted as support since October 2023. The price has been unable to bounce back, and we're seeing a steep decline as bears are outweighing buyers. A Technical Indicator (which I use mainly to determine trend swings from a macro perspective) has just flashed SELL in the weekly timeframe. Now based on previous instances, this took us MUCH lower. These alerts happen in real time when a certain conglomeration of parameters are met (based on Strength, Trend, Averages, Real Time) and so naturally, the higher the timeframe the better the result. The only way we will be safeguarded...

By NovaX
Updated 6 days ago
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