RNDR is currently consolidating within a falling wedge pattern, facing resistance at the trendline. Anticipate a bounce from the support trendline. The RSI indicates that the market is oversold region. A breakout signals a bullish trend, while a breakdown below support invalidates the pattern. #Write2Earn! #Write2Earn #write2earn
Bitcoin is currently facing rejection at the horizontal resistance zone of the ascending triangle pattern. A bounce is anticipated from the support trendline, where the Ichimoku cloud provides support. To confirm the next direction, we should wait for a definitive breakout or breakdown.
After reaching the price of $5.8 , #GAL has experienced more than 50% correction.
The $1.7-$1.6 level supported the price well and brought the price back from $1.680 to $2.980.
The price has now re-entered the descending channel and recorded recent bullish and very strong candles. Therefore, the possibility of continued growth at least up to the ceiling of the channel and passing $3 is high.
Historically, Q3 has been the weakest period for Bitcoin, often due to supply distribution from bankruptcy estates.
However, Q4 typically sees the strongest performance, driven by factors such as the U.S. election, halving effects, cash distributions from the FTX estate, and easing macroeconomic conditions.
This trend suggests potential resilience and growth for Bitcoin as it moves through these cycles.
💰 Hong Kong 🇭🇰 #Bitcoin ETF bought a total of 425 BTC this week.
According to HODL15Capital monitoring, Hong Kong Bitcoin ETF has been buying #Bitcoin for 4 consecutive days, and a total of 425 BTC were purchased this week.
🪙 Ethereum ETF issuers eagerly waiting on the SEC to provide details on potentially final filings: Sources
Prospective Ethereum ETF issuers are eagerly waiting on the U.S. Securities and Exchange Commission to provide updates on the pending launches after handing in their latest S-1 forms on July 8. "The next step would be to hear from the SEC on what's next. Do they want final drafts? by when?" said a source at one issuer. They noted that what they hear from the agency next will be highly informative.
🇺🇸 SEC Withdraws Enforcement Action Against Paxos' BUSD Stablecoin
The Securities and Exchange Commission (SEC) has decided to end its investigation into Paxos, a New York-based issuer of stablecoins, suggesting that stablecoins may not be treated as securities in most cases. This decision comes more than a year after the SEC sent Paxos a Wells Notice concerning the BUSD stablecoin, which is backed by the U.S. dollar and issued in partnership with Binance.
#Xrp After Correction Now Showing Some Positive Momentum Formed Falling Wedge Expecting Breakout Incase Of Successful Breakout Expecting 55-60% Bullish Wave #Write2Earn! #Write2Earn #write2earn