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The completed harmonic pattern in the daily time frame on the #BLUR price chart can pump the price to at least $0.58 and break the channel in the 4-hour time frame. Breaking the channel should be done very strongly so that the price reaches the target.
JUP analysis:
The price of JUP is gradually approaching the support area. It's advisable to await confirmation of a test of the support area before considering new entries.
Support Area: $0.833-$0.895
Resistance Area: $1.12-$1.20
The price of JUP is gradually approaching the support area. It's advisable to await confirmation of a test of the support area before considering new entries.
Support Area: $0.833-$0.895
Resistance Area: $1.12-$1.20
After reaching the ceiling of the channel, the price of #COTI started to continue its downward trend in the 4-hour time frame. This decline can continue again to the support level of $0.090-$0.103.
Educational Post
Double Moving Average Crossover
The double moving average crossover strategy involves using two moving averages of varying lengths. Traders generally employ a combination of a short-term and a long-term moving average, such as a 50-day MA and a 200-day MA. Typically, the moving averages are of the same type, such as two simple moving averages (SMAs), but you could also use different types, such as an SMA coupled with an exponential moving average (EMA).
In this trading strategy, traders look for a crossover between the moving averages. A bullish signal occurs when the shorter-term moving average crosses above a longer-term moving average (also known as a Golden Cross), indicating a potential buying opportunity. Conversely, a bearish signal occurs when the shorter-term moving average crosses below the longer-term moving average (also known as a Death Cross), signaling a potential selling opportunity.
Double Moving Average Crossover
The double moving average crossover strategy involves using two moving averages of varying lengths. Traders generally employ a combination of a short-term and a long-term moving average, such as a 50-day MA and a 200-day MA. Typically, the moving averages are of the same type, such as two simple moving averages (SMAs), but you could also use different types, such as an SMA coupled with an exponential moving average (EMA).
In this trading strategy, traders look for a crossover between the moving averages. A bullish signal occurs when the shorter-term moving average crosses above a longer-term moving average (also known as a Golden Cross), indicating a potential buying opportunity. Conversely, a bearish signal occurs when the shorter-term moving average crosses below the longer-term moving average (also known as a Death Cross), signaling a potential selling opportunity.
Bitcoin is slowly moving towards the support area. We may see a test of the $59,000-$60,000 support area before the next move. Let's see how the price reacts on the support area.$BTC
What's your guys opinion on current Market ?$BTC
Uptrend
32%
Sideways
28%
Dip
40%
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