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Trade setup : Bullish breakout from Channel Down pattern and above $4 resistance, which confirm the channel breakout and price could revisit $5 next. (set a price alert). Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates...

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PancakeSwap (CAKE) technical analysis: Trade setup : Bullish breakout from a Falling Wedge pattern, which could signal a trend reversal and upside potential to $4.00 resistance and 200-day moving average. Patterns : Falling Wedge It usually forms after a downtrend and suggests a potential bullish reversal in the original downtrend. When price breaks the upper...

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Ethereum (ETH) technical analysis: Trade setup : Trading in an Ascending Triangle, which typically breaks in a bullish direction (above resistance trendline of $1,250) and could result in a move to $1,500 thereafter. Wait for a breakout above $1,250 key level. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is...

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ChainLink (LINK) technical analysis: Trade setup : Bullish breakout from Descending Triangle. Upside potential up to $7.00 resistance zone (also 200-day moving average). Recent rally was driven by launch of staking service. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line...

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Cosmos (ATOM) technical analysis: Trade setup : Price has bounced off of $8.50 support and broke back above $10 resistance, however another resistance looms ahead: 200-day moving average at $11. If it breaks above that, it would make a Higher High and signal trend reversal to Uptrend. Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term...

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Solana (SOL) technical analysis: Trade setup : Price has been in a Downtrend, making Lower Lows and Lower Highs, sign of Downtrend. Recently, it bounced off of $10 support with strong volume but it needs to break above $15 level to make a Higher High, a potential sign of trend reversal. With its strongest backer, FTX, now insolvent, Solana may find it difficult...

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ChainLink (LINK) technical analysis: Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Descending Triangle. Price is nearing a pinnacle of the Triangle, hence, a breakout is imminent. Recent rally was driven by launch of staking service. (set a price alert). Pattern : Price is trading in a Descending Triangle...

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Polygon (MATIC) technical analysis: Trade setup : Pullback near $0.75 support and 200-day moving average could be an attractive swing entry. Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is...

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DogeCoin (DOGE) technical analysis: Trade setup : Trading in a Descending Triangle. Wait for a breakout. Price is nearing a pinnacle of the wedge, hence a breakout in either direction is imminent. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a...

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Ape Coin (APE) technical analysis: Trade setup : Trading in a Channel Down pattern, attempting to break out. Price failed to break out once already and returned to the Channel Down. Wait for a breakout, ideally above $4 resistance. (set a price alert). Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price...

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ChainLink (LINK) technical analysis: Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Sideways Channel ($6-8). Swing traders could trade the channel: Enter near $6 support and exit near $8 resistance. Recent rally was driven by launch of staking service. Pattern : Price is trading in a Sideways Channel , which...

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Chiliz (CHZ) technical analysis: Trade setup : Price got rejected 4x at $0.27 resistance zone after which it broke below $0.18 and $0.15 and $0.12 key levels, signs of Downtrend. However, price is now very oversold (RSI < 30) and near $0.10 support, which could be swing entry for near-term bounce. Chiliz is a digital currency for sports and entertainment,...

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THORchain (RUNE) technical analysis: Trade setup : Trends are mixed. Wait for price to 1) break above $1.50 resistance, with upside potential to $2.00, or 2) pull back near $1.00 support for swing entry. Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal...

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AAVE (AAVE) technical analysis: Trade setup : Swing Traders: Wait for pullback near $50 support area, which could be a swing entry. That’s where price found support in June. Trend traders: price needs to break back above $70 resistance and 200-day moving average (~$80) to reverse downtrend. Previously, price broke out from Falling Wedge, and reached $100...

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Monero (XMR) technical analysis: Trade setup : Price is trading in a Channel Down pattern. It rebounded from Support zone ($125-130) and reached stiff resistance area near $150. This is a critical level. Price is likely to get rejected here, but if it’s able to break through, it could revisit $175 thereafter. Pattern : Price is trading in a Channel Down...

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Polygon (MATIC) technical analysis: Trade setup : Pullback near $0.75 support and 200-day moving average could be an attractive swing entry in Uptrend. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance :...

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Litecoin (LTC) technical analysis: Trade setup : Bearish RSI divergence signaled that price could not hold above $75 key level and pulled back near $60 support and 200-day MA, which could be a swing entry opportunity. Price remains in an Uptrend. Pattern : Bearish RSI divergence occurs when a coin makes a new high in price but the RSI does not make a...

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Monero (XMR) technical analysis: Trade setup : Price is trading in a Channel Down pattern. It rebounded from Support zone ($125-130) and reached stiff resistance area near $150. This is a critical level. Price is likely to get rejected here, but if it’s able to break through, it could revisit $175 thereafter. Pattern : Price is trading in a Channel Down...