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šŸ“ˆ Analysis and Prediction (BLUR and UNI): šŸ–– BLUR/USDT - From February, the price of #blur had been decreasing along a descending resistance line. Eventually, on August 17th, it reached a minimum of $0.15. After that, the token started to rise, forming an ascending minimum on October 12th. Five days later, the price broke through the descending resistance line, which had been in place for 245 days. Within 42 days of the breakthrough, the token grew by 225%, reaching today's maximum of $0.54. Events: Earlier this week, Blur conducted its second airdrop season. Additionally, it holds the 1st position in the ranking of NFT marketplaces based on Ethereum and is among the leaders in #nft lending protocols. Forecast: The price dynamics are bullish. The day before yesterday, it formed a significant bullish candle and rose above the $0.40 resistance area, which is expected to now act as support. Thus, the trend can be considered bullish unless the price closes below this support. In case of further growth, the next resistance will be at $0.78, 60% higher than the current price. šŸš€ UNI/USDT - The price of #uni has been trading above the key horizontal support area since June 2023. Just recently, in October, it dropped below it and started the current upward movement. However, for complete confidence in the continuation of the rally, the UNI price must close the week above $6.30. News: After Changpeng Zhao's departure from the position of CEO of Binance, the crypto community speculates that interest in decentralized exchanges (DEX) will gain momentum. Forecast: Confirmation of the trend will be a breakthrough and consolidation above the long-term descending resistance line. If this happens, the UNI price may grow by 20% and reach the $7.40 resistance area, and then rise above the annual maximum at $7.61. šŸŒ Share your thoughts with others!

šŸ“ˆ Analysis and Prediction (BLUR and UNI):

šŸ–– BLUR/USDT - From February, the price of #blur had been decreasing along a descending resistance line. Eventually, on August 17th, it reached a minimum of $0.15. After that, the token started to rise, forming an ascending minimum on October 12th. Five days later, the price broke through the descending resistance line, which had been in place for 245 days. Within 42 days of the breakthrough, the token grew by 225%, reaching today's maximum of $0.54. Events: Earlier this week, Blur conducted its second airdrop season. Additionally, it holds the 1st position in the ranking of NFT marketplaces based on Ethereum and is among the leaders in #nft lending protocols. Forecast: The price dynamics are bullish. The day before yesterday, it formed a significant bullish candle and rose above the $0.40 resistance area, which is expected to now act as support. Thus, the trend can be considered bullish unless the price closes below this support. In case of further growth, the next resistance will be at $0.78, 60% higher than the current price.

šŸš€ UNI/USDT - The price of #uni has been trading above the key horizontal support area since June 2023. Just recently, in October, it dropped below it and started the current upward movement. However, for complete confidence in the continuation of the rally, the UNI price must close the week above $6.30. News: After Changpeng Zhao's departure from the position of CEO of Binance, the crypto community speculates that interest in decentralized exchanges (DEX) will gain momentum. Forecast: Confirmation of the trend will be a breakthrough and consolidation above the long-term descending resistance line. If this happens, the UNI price may grow by 20% and reach the $7.40 resistance area, and then rise above the annual maximum at $7.61.

šŸŒ Share your thoughts with others!

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šŸ“ˆ Prediction (ETH and BCH): šŸ‘ ETH/USDT - When the asset trades above its 20-day EMA, it is considered a bullish signal ā€” this scenario implies that the current price has surpassed the average price of the last 20 days. Market participants interpret this as a shift towards accumulation of coins. A brief period of #ETH price above the 20-day EMA suggested that bulls temporarily regained control of the market, but then yielded it back to bears. However, at the time of writing, the on-chain sentiment metric for #Ethereum stands at 0.32. A positive value of the indicator indicates an overall bullish sentiment towards the asset on social media. Forecast: Despite bullish activity in the ETH market, on the daily chart, the price remains within a descending triangle. This is typically considered a bearish signal. A descending triangle forms when the price records a series of lower highs. When this occurs, a certain price level forms support. In ETH's case, it sits at $2,864. If bearish pressure intensifies and the coin loses gained ground, it may drop below $3,000 towards the $2,800 area. However, if the coin breaks above the upper boundary of the triangle, it may move higher towards $3,100 in the short term. šŸ–– BCH/USDT - The price of Bitcoin Cash has crossed the critical Fibonacci 23.6% correction level at $430. This is a key support that serves as the basis for a bear market. Historically, its testing has led to recovery. Such an outcome is expected this time as well, considering that the altcoin is receiving support from investors. Potential growth could push #BCH towards $450, above the Fibonacci 38.2% correction level. This is an important psychological level that could further fuel the rally. However, there has already been one unsuccessful breakout this month. A new failure could send Bitcoin Cash back to the $430 mark. A drop below this line could trigger a decline to $410 or $400, refuting the bullish scenario. šŸ’Ŗ Share, please.
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