#HOOK/USDT FORMING FALLING WEDGE PATTERN ENTRY WILL BE O | Mr_Tycoon23 on Binance Square

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Bullish

#HOOK/USDT 
FORMING FALLING WEDGE PATTERN 
ENTRY WILL BE ON BREAKOUT 
ENTRY: 0.4.31
TARGET: 0.5450
SL: 0.3594
DYOR 
$HOOK $BTC 

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*US Election 2024: What to Expect for Bitcoin* The clock is ticking as elections are tomorrow. The countdown to the pro-crypto candidate begins with fear in the market as many expect Harris to win over Trump. The analyst has given key scenarios and market reactions to the results. Here’s his insight! *Market Reactions to Harris vs. Trump* Pizzino predicts different initial market reactions based on the election outcome. If Kamala Harris secures the presidency, he expects markets to react negatively at first. However, this decline may be short-lived as investors recognize the influx of stimulus money, which could eventually fuel a market recovery. On the other hand, if Trump emerges victorious, he anticipates an immediate rally in the markets, potentially followed by further upward movement. *Current Market Cycle Insights* Pizzino also notes that his analysis suggests no significant changes in the market cycle at this time. He refers to the “Winner’s Curse” phase of an 18-year cycle, which he has been discussing for several months. This phase typically signifies increased volatility and opportunities for traders as market dynamics shift following a decisive political outcome. A recent breakthrough above the bearish trend line at $68,300 indicates potential bullish movement, with Bitcoin now eyeing resistance around $70,000. If it manages to settle above this level, further gains could propel it towards $71,200 and possibly $72,500. However, failure to surpass $70,000 could lead to another decline, with immediate support at $68,000 and key levels at $67,500 and $67,200. $BTC

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*CRYPTO TOTAL MARKET CAP*📌✅ The total cryptocurrency market capitalization is currently $2.26 trillion, with a 2.74% increase over the past 24 hours. Bitcoin dominance stands at 60.5%, while Ethereum's market share is 13.1%. Top Cryptocurrencies by Market Capitalization: - Bitcoin (BTC) - $1.36 trillion market cap, 59.29% market share - Ethereum (ETH) - $296.8 billion market cap, 12.94% market share - Tether USDt (USDT) - $120.46 billion market cap, 5.25% market share Market Trends: The 24-hour trading volume is $71.34 billion, with a 49.43% increase. The Fear and Greed Index is at 55, indicating a neutral market sentiment. Other Notable Cryptocurrencies: - BNB (BNB) - $80.64 billion market cap, 3.52% market share - Solana (SOL) - $76.55 billion market cap, 3.34% market share - XRP (XRP) - $29.15 billion market cap, 1.27% market share For the most up-to-date information, I recommend checking out CoinMarketCap or bitget. Would you like more information on a specific cryptocurrency? $BTC #USElections2024Countdown

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BICO/USDT ANALYSIS📌 The current price of Biconomy (BICO) is $0.2369, with a 5.84% increase in the past 24 hours. Over the last week, its price has risen by 31.41%. The market cap of Biconomy is currently $205.99M, ranking #148 in market cap. Technical Analysis The technical analysis gauge displays a neutral signal for BICO/USDT. The Relative Strength Index (14) and Stochastic %K (14, 3, 3) indicators are neutral, while the Commodity Channel Index (20) and Average Directional Index (14) indicators show a sell signal. Price Movement The 24-hour price range for BICO/USDT is $0.2003-$0.2468. The all-time high price of Biconomy is $21.8700, and the all-time low price is $0.1690. Market Sentiment The Fear and Greed Index is currently neutral, with a score of 46. This indicates that the market sentiment is neither extremely bullish nor bearish. Please keep in mind that cryptocurrency markets are highly volatile, and prices can change rapidly. Always do your own research and consider multiple sources before making any investment decisions. Would you like more information on Biconomy or other cryptocurrencies? $BICO

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As of today, November 4, 2024, Solana (SOL) against USDT (Tether) is in a bullish trend on most technical fronts. SOL is currently trading near $165, with a notable intraday resistance at around $176.36, and support levels positioned near $165.29. Analysts indicate that a breakout above these resistance levels could signal stronger bullish momentum, while a dip below support could suggest a short-term reversal. Key indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) remain in bullish territory, suggesting buying pressure continues. The RSI value is close to overbought levels, reflecting strong demand, but also signaling caution for potential corrections. Additionally, trading sentiment has generally been optimistic for SOL in the short-term outlook, with longer-term forecasts suggesting an upward trend due to Solana’s ongoing network upgrades and increased utility in DeFi and NFT markets The price is currently testing the $160 support zone. 📉 This area is crucial as it also aligns with the 4-hour 200 EMA support. If the price holds and we see a bullish candlestick pattern, it could signal a strong bounce. 📈 $SOL #USElections2024Countdown

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*Pendle Price Breaks The Trendline* Following the 4-year resistance trendline breakout with a V-shaped reversal, the Pendle token price continues to gain bullish momentum. Compared to the bottom formation at $1.82 during the pullback phase, the Pendle price has increased by 148% to the current market price of $4.52. The recovery rally forms a local support trendline and has crossed above the 50-day and 200-day EMA. Currently, the Pendle price faces an overhead resistance, highlighting a resistance trendline. This completes a rising wedge pattern in the daily chart. The Pendle price action within the rising wedge currently teaches a double bottom formation. The double bottom takes a lower price rejection from the 50-day EMA and has a neckline near the $5.15 mark. Currently, the Pendle price is trading at $4.52 with an intraday gain of 2.84% following the 3.96% drop last night. The intraday recovery teases a tweezer bottom formation to signal a new bullish cycle within the rising wedge pattern. Technical Indicators: EMA: The increased bullish influence has resulted in a golden crossover between the 50-200-day EMA. Furthermore, the 50-day EMA acts as a constant dynamic support to the Pendle price pullbacks $PENDLE

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