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DYDX/USDT - Identifying the "Bump and Run Reversal Bottom Pattern" on the Daily Chart In this technical analysis, I have identified a Bump and Run Reversal Bottom Pattern, divided into three key phases: Lead-in Phase: During this phase, the price moved within a slightly sloping downward channel, maintaining a steady bearish trend. Bump Phase: A period of steeper...

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BTC/USDT Technical Analysis: Potential Retracement Before Continuation In the current technical setup, Bitcoin's price is forming a Bullish Flag pattern, which suggests a continuation of the upward trend after a temporary retracement. Here’s a detailed breakdown of the analysis: Support Levels Within the Bull Flag The lower boundary of the bull flag aligns with...

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Trendline Respect: The price has shown consistent respect for the established trendlines within the descending channel. These trendlines have acted as significant guides for the price movement, reflecting a clear structure in the market's behavior. Potential Breakout: As the price narrows near the convergence of the descending trendline and support, there is a...