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Pepe

PEPE - Speculating on the newest MemeIts hard to accurately chart a semi-liquid post-parabolic memecoin, but it looks like a major decision point incoming. If major bids don't show up soon, it will drop down to retest the horizontal support, and failing that lead to a breakout to the downside. However a small downsize move below support could confirm a flag and leads to a nice rally if it taps a sufficient demand zone. Note: Liquidity is a risk with this token and at any point one of the larger bagholders could crush the price due to limited liquidity. If that improves it also improves the prospects for a longer term price appreciation. My bias is still to the downside in the near term, with the descending resistance against the horizontal support with diminished volume. But if it breaks to the downside I'll consider buying a small bag, even just HKEX:50 , and holding to the next bull market. Cautious traders should look for a higher low before considering entry. While there were many other Pepe tokens attempted in the past, this one gained more traction and could do well in the next bull market.
by 1BigPapi
Binance Coin (BNB) Technical Analysis: A Bearish Outlook Binance Coin (BNB) Technical Analysis: A Bearish Outlook for Short-term, Bullish for Long-term Binance Coin (BNB) is one of the most popular cryptocurrencies in the market, and it has been on a rollercoaster ride recently. Currently trading at FWB:334 , BNB has risen by 82% from its recent bottom, but it is still far from its all-time high (ATH) of HKEX:700 in 2021. In this technical analysis, we'll look at the BNB/USDT chart and try to determine what the future holds for this cryptocurrency. BNB's Recent Performance As per the chart, BNB has been on a positive trajectory since hitting its recent bottom. However, the analyst doesn't expect the coin to hit a bottom in this bear market. They predict that BNB's bottom would be HKEX:120 as the weekly chart is still forming a bearish flag. The analyst has a bearish outlook on the short-term prospects of BNB, but they note that the long-term outlook is bullish. Supply and Demand Zones The biggest supply zone for BNB is currently between $350-$400. If BNB breaks this resistance level, the analyst becomes bullish. They predict that BNB will hit HKEX:400 before the next leg down, after which a new low/bottom will be formed. The bear market bottom is expected to be around $100- HKEX:120 , after which a strong bounce can be anticipated. Long-term Outlook The analyst's long-term outlook for BNB is bullish due to the bull flag forming in the weekly chart. They predict that in the next bull run, BNB will reach HKEX:1500 -$2000. However, they note that every time the BNB bull market begins, it starts from the 0.5-0.618 fib retracement level, which has not yet occurred in the current market. The 0.5-0.618 fib retracement level for the current market is around HKEX:95 -$140, which the analyst believes will be the best accumulation area. Key Takeaways Binance Coin (BNB) is currently trading at FWB:334 , up 82% from its recent bottom. The bear market bottom for BNB is expected to be around $100- HKEX:120 , after which a strong bounce can be anticipated. The biggest supply zone for BNB is currently between $350-$400. If BNB breaks this resistance level, the analyst becomes bullish. BNB is expected to hit HKEX:400 before the next leg down, after which a new low/bottom will be formed. The long-term outlook for BNB is bullish, with the analyst predicting that it will reach HKEX:1500 - HKEX:2000 in the next bull run. Conclusion In conclusion, this technical analysis predicts that BNB will experience a short-term bearish outlook and hit a bottom of around $100-$120. However, the long-term outlook for BNB is bullish due to the bull flag forming in the weekly chart. Investors are advised to do their own research before investing in any coins.
Long
by CryptoPatel
4
SHIBUSDT - Dunning Kruger Effect with PepeHi Traders, Investors and Speculators 📉📈 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 In today's analysis, we're taking a look at the Dunning Kruger Effect. Dunning-Kruger effect, in psychology, is a cognitive bias whereby people with limited knowledge or competence (in a given intellectual or social domain) greatly overestimate their own knowledge or competence in that domain relative to objective criteria or to the performance of their peers or of people in general. This happens in trading all the time. In fact, we probably all started there if we're being honest. So - What causes the Dunning-Kruger effect? Confidence is so highly prized that many people would rather pretend to be smart or skilled than risk looking inadequate and losing face. Even smart people can be affected by the Dunning-Kruger effect because having intelligence isn’t the same thing as learning and developing a specific skill. Many individuals mistakenly believe that their experience and skills in one particular area are transferable to another. Many people would describe themselves as above average in intelligence, humor, and a variety of skills. They can’t accurately judge their own competence, because they lack metacognition, or the ability to step back and examine oneself objectively. In fact, those who are the least skilled are also the most likely to overestimate their abilities. This also relates to their ability to judge how well they are doing their work, hobbies, etc. The Dunning-Kruger effect results in what’s known as a double curse : Not only do people perform poorly, but they are not self-aware enough to judge themselves accurately—and are thus unlikely to learn and grow. So how can we prevent ourselves from falling into this trap? Here's a few things to keep in mind: To avoid falling prey to the Dunning-Kruger effect, you should honestly and routinely question your knowledge base and the conclusions you draw, rather than blindly accepting them. As David Dunning proposes, people can be their own devil’s advocates, by challenging themselves to probe how they might possibly be wrong. Individuals could also escape the trap by seeking others whose expertise can help cover their own blind spots, such as turning to a colleague or friend for advice or constructive criticism. Continuing to study a specific subject will also bring one’s capacity into a clearer focus. Practice these habits to ultimately escape the double curse: - Continuous learning. This will keep your mindset open to new possibilities, whilst increasing your knowledge over time. - Pay attention to who's talking about what. Is the accountant talking about bodybuilding? - Don't be overconfident. This is self explanatory. I hope you enjoyed this post today! Please give us a thumbs up 👌 _________________ 👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎 👍Hit like & Follow 🔔 We thank you for your support ! CryptoCheck
Education
by CryptoCheck-
42
Moving average range bound. Currently trading between 200dma on the upside and 50dma on the downside. Probably going to wait until RSI hits overbought on the daily then wait to re-enter around 50dma. Still a few months until summer seasonality really kicks in. Currently 58/70 so thinking 58.30 could trigger upper bounds there. Makes sense that 57.50 is a hard resistance midway through that range until summer seasonality kicks in. I expect anything above to look like a pump and dump. Wouldn't be surprised to see 47 again this winter (1.618 of current range)
OANDA:WTICOUSDLong
by Cuddles1997-1999
Every stimulus to a market results in return below mean. Opec first started cutting around 39.5. These are the two long term scenarios, one where China and the US come to an agreement while China is weak and another where little progress is made. I believe 35 is much more likely. China understands that any politician after trump will not be okay with IP theft. Instead of returning to the mean when investors had a consensus about the bearishness towards the market, Opec postponed the return to mean during a period of speculation and leverage... the squeeze causes a break of the trend.
OANDA:WTICOUSDShort
by Cuddles1997-1999
1
Memetic / PepeCoin Higher Highs Memetic does look pretty awesome from the technical perspective, it has been bouncing off the 200 Moving Average for an extended period of time after which it broke above the $0.4 resistance and now there is clearly a higher highs, higher lows pattern. After breaking above the $0.4 resistance price retraced back and rejected the uptrend trendline. Currently, it seems that MEME/USD is ready to continue the uptrend and a new all-time high should be just around the corner. The first target is seen at $2.5 where 161.8% Fibonacci retracement, applied to the latest corrective wave down. On a downside note, only break and close below the 200 Moving Average would invalidate bullish outlook.
MLong
by CryptoPAMM
4