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Accumulation → Markup → Expansion
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#Ntrn Formed Descending Channel & On Verge Of Breakout Incase Of Successful Breakout Solid Recovery In Coming Days Will Open Position After Breakout
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Bitcoin Miner capitulation has reached levels comparable to December 2022 with a 7.6% drawdown. December 2022 marked the cycle bottom after the FTX collapse. Could this be another major turning point?
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The bottom of the ascending channel in the 4-hour time frame could not support the price of #UNI, and the price has now reached the demand level. The $8.220-$8.800 level is very important for the price, and if the selling pressure breaks it, we will see a deep fall in the price. If the price maintains the current level, it will return to the specified resistance, and the upward trend will be maintained.
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#EDU is correcting a great bullish move. The price has reached an important demand level. In the first step, the price must cross the dynamic resistance and then continue the upward trend. If the price is traded below the level of $0.5360-$0.5587 , the continuation of the downward trend is more likely.
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After breaking the downward trend line, the price of #ARPA still failed to cross the resistance level. The price is now moving between the resistance and support levels. Support $0.04450 and resistance $0.05000 - $0.05060. According to breaking the trend line, there is a possibility of price growth up to the specified resistance. If the price falls from the dynamic support, it will reach the support level.
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