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Fantom towards Moon..?👀!! 🚀FTM Today Analysis💎FTM has been tracing a downward channel for approximately a month, signaling a bearish trend. a bullish scenario could unfold if a breakout takes place. 💎If successfully breaks free from the channel, it could signify a change in market sentiment and the onset of a bullish phase. 💎High demand implies substantial buying interest in the token, which could potentially elevate its price. 💎When its price crosses above its EMA 20, it's seen as a bullish signal. This crossover suggests a potential transition from a bearish to a bullish phase. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
by MyCryptoParadise_Simon
ONT Broken out of the triangle and going parabolicONTUSDT seems to have broken out of the triangle and might soon go on a parabolic run. Volume has been quite strong showing serious support behind the move up. The red line shows the point of highest volume which we have left behind and will become a possible area of support. This move up with the clear break of the triangle and the massive volume behind it it's a good candidate for a strong bull run. I'm opening a LONG with the Stop loss just on the lower part of the triangle
Long
by CryptoEstratega
Looking for Another Low in Bitcoin in the Next 7 DaysAfter giving it a good run, bitcoin took a few shots to break resistance at $6800. It had one dip then tried again. Every effort was sold with strong volume. Today we had a sell down to the $6700 area then spent over 12 hours in a tight $50 range hovering the bottom of a rising wedge. The bulls took one last shot to drive it up and it was sold into at $6760. The daily closed with an inside bar and a few hours later we got a break down. It would be very difficult for bitcoin to rally from here. So I expect that to break. The strong support is between $6350- $6400. If that holds, then bitcoin can make a move up and take another shot at $7k. If $6400 breaks, I don't think there will be enough buyers in the $6k area to hold up price. The 2nd time seeing this area in the past few weeks is less likely to have the volume of buyers needed. We also have to remember that we spent a lot of time in this price range in April. How many more buyers are going to see this area as a value? I The Good News We are on day 25 of the 30 day cycle. The last cycle was short, so I expect to get to 30-33 days on this cycle. You usually don’t have 2 short cycles in a row. So I’m looking for a lower low in the $5k area in 5-7 days. And that will be a good buying point if we get that outcome. This should actually generate a solid bounce. I don’t know if it will be THE low but we’ll be looking for signs of big buy volume. I’m generally looking for a major pivot low sometime between late July and September. (not a certainty but my best guess for timing). The 2nd most likely option is that we hit the support in the low $6k area holds again and we essentially form a double bottom daily cycle. Again, if we can get a reversal candle in the cycle low range, then I’m still a buyer there. The last possibility is that we somehow find support and end up breaking up over $7k and make an inverted cycle high. Bitcoin generally makes on its 60 day cycle, so the 30 day cycle is actually a half cycle that can be a high or low pivot. I believe the probability is fairly low but its bitcoin so a good piece of news could shift sentiment fast. Right now I’m short from $6775 and moved my stops to break even and actually would liquidate some of my position with an hourly close back over $6725.
BITMEX:BTCUSD.PShort
by rzmb44
1
$NMRBTC #cryptocurrency #NMRBTC in accumulation modeand potentially will be setup for a major run depending on future fundamental developments. Clearly signs of large positions being taken here over the past 6 months in a coin with a real use case that's being used for its intended purpose. Surprise catalyst will be a connection between Numerai's hedge fund performance with the Numeraire coin - hinted at in one of their Medium blog posts: bitcoinmagazine.com Longer term investment potential here, not really a trade as the action is generally boring (good time to accumulate).
Long
by JustChartThings
2