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Šīmtum
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it's already in cup and handle pattern in technical analysis. sir!!
Feed-Creator-5c858b25c
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writing a whole bullshit text, without even looking @ the chart…
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$BTC The hourly price movement of BTC/USDT, along with indicators like moving averages (MA) and RSI. Observations: 1. Trend: The price recently rebounded from a low of around 94,877.17 and is now trading at 96,769.46. A consolidation phase is visible after a recent drop, with the price forming smaller candles near the current level. 2. Moving Averages: MA(7) (yellow) is crossing MA(25) (purple) upwards, signaling a potential short-term bullish momentum. MA(99) (pink) is flat, indicating a lack of clear long-term trend at the moment. 3. Support and Resistance: Support: 94,877.17 (recent low) and 92,520.00 (stronger support). Resistance: 97,606.53 (local high) and 99,963.70 (recent peak). 4. RSI: RSI(6) is at 61.29, suggesting momentum is leaning bullish but not overbought. 5. Candlestick Patterns: Recent candles show indecision with smaller body sizes, suggesting price consolidation. A breakout above or below this range could signal the next move. Potential Actions: Watch for a breakout above 97,606.53 for a bullish continuation. Monitor for a drop below 94,877.17 for bearish signals.
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