BCH in the support zone for a break out Bitcoin cash in the support zone currently for a break out. Watch out for support around 700+ dollars. We the 10 day ema is crossing over the 20 along with the 50 and the 100 is near too. Previous following trend line shows support for upwards to 1,000+ with a few pull backs along the way I'm sure. The long "W" formation is closing to breaking the retrace should be some some really nice gains if we can see support above 700+. Keep your eyes peeled.
CRPTOCURRENCY
ripple is Broken it downtrend, ready for it 3rd wave around 4$!!RIPPLE coin likely to completed its 1ST wave here shown in my chart, I think ABC correction phase completed
and may have to completed 2nd wave also and ready for 3rd wave around 3.5 to 4 dollar 2.618 fib retracement.
downtrend Breakout done which xrp trying to break out right now or hold current support around 0.65 to 0.80 cent area for farther upside move.
RSI is 72 that's shows bulls are upper hand, i think xrp will take momentum from here
Technical analysis:
. XRPUSDT is breakout it downtrend, and the beginning of an uptrend is expected.
. The price is above the both MA's(50 and 200MA)
. The RSI is at 72, that's mean bull is full control the xrp right now
Take Profits:
TP1= @ 1
TP2= @ 1.36
TP3= @ 1.54
TP4= @ 2.12
TP5= @ 3.52
TP5= @ 4.12
SL= Break below Support at daily closed
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CRPT token team started burning tokens Do you know that Crypterium has burned more than 1 million CRPT tokens settling the first step in a series of extra burnings?
Crypterium team collected 1,080,765 CRPT tokens that were successfully burned on July 11. The first step towards burning 30% of the total supply is made!
At the same time, Crypterium confirms that the burning amount will be growing further since the team will be redeeming tokens from the open market for burning purposes.
The team burned more than 2.5M tokens in total, and it is worth saying that more than 18M tokens out of 83M are frozen on the savings accounts
Moving forward, Crypterium is forecasting to hit a €200.000.000 monthly cash flow within the next two years. Such a sum would represent a burn volume of €1.000.000 worth of CRPT tokens, a significant increase from current levels.
These simple factors can play a significant role in the long-term value, don't you think so? :)
Linausdt Most Undervalued Gem 1$???HI crypto lovers today i will be talking about a huge potential undervalue coin Lina. We have finally broken a long term resistance and also a short term resistance and it is now set to make a high very soon targets to be set as .0515 and in long term i am seeing this coin to hit .50$ by december. Good luck
Bull Market Restarts November 2021 The general sentiment seems that Bitcoin will be going to 20k and that the bull market is over. I strongly disagree until we start closing daily candles under 30K. On-Chain analysis shows that there are more stable coins on exchanges than ever before ready to buy.
There is a new trendline that is developing right now and so far we have a couple of reaction points on three different occasions.
March 2020 (Trend starts here Covid crash)
October 2020 (The start of the bull run)
June 22 2020 (The current local low for Bitcoin)
Fib Date - 5th November 2021
This is an interesting Fib date because it lined up with my trendline and it could very well be possible that we break the 8/1 Gann ratio around this time.
The two orange dotted lines are potential resistances that so far have had a lot of confluence and finally the red dashed line which lines up with the break down from the head and shoulders formation in May 16th 2021.
If Bitcoin holds the orange support line we could have very well pinpointed a timeframe when the bull market would restart , as I have said many times on on my previous TAs the bull market does not restart till the 8/1 Gann Ratio is broken and retested as support.