SHIB/USDT
1. Technical indicators:
RSI: It appears in the neutral zone (60.67), indicating that there is buying pressure but has not reached oversold levels.
Price analysis:
The most important resistance is at 0.00002449.
Current support is at 0.00002315.
Opportunity: Take every correction towards 0.00002315 as a buying opportunity, with a close target at 0.00002500.
2. Fractals and time cycles:
Recent moves indicate a gradual bullish pattern. We may see a slight correction before a new breakout.
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AI/USDT
1. Technical indicators:
RSI: At 54.52, indicating that the trend is neither overbought nor oversold, which increases the possibility of small corrections.
Important support: 0.4428.
Resistance: 0.4624.
2. Opportunity:
Corrections towards 0.4428 are considered excellent entry points, with the 0.4800 level targeted in the coming days.
This correction can be used to consolidate positions while monitoring the broader market movement.
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UMA/USDT
1. Technical indicators:
RSI: 45.80 in neutral to sell position.
Critical support at 2.025.
Nearby resistance at 2.362.
2. Fractal analysis:
The presence of the Gartley pattern supports the presence of an imminent reversal.
Take advantage of the correction towards support at 2.025 as an entry opportunity, targeting the 2.50 level.
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DENT/USDT
1. Technical indicators:
RSI: At 56.58, indicates a balanced movement between buyers and sellers.
Important support: 0.000962.
Resistance: 0.001077.
2. Opportunity:
Any correction towards the support of 0.000962 represents an excellent buying opportunity, with the target of 0.001100 levels.
Recent price action indicates good accumulation before the breakout.
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General recommendations based on the general market correction and Bitcoin:
1. Every dip is an entry opportunity to make profits, especially with the first Bitcoin correction that may push altcoins upwards.
2. Exploit the technical support mentioned for each currency with clear targets based on the nearby resistance.
3. Follow the charts daily and update the strategies according to the movement of Bitcoin.
Conclusion:
These currencies are showing positive signs with minor corrections. Corrections represent entry opportunities, especially for speculators.
