In just 5 days ago Highstreet was worth of $9.768, now standing around $3. It had a strong and sudden decline after a rapid rise.
This kind of volatility is not unusual even if looking at the starting phases of Bitcoin. I know a lot of investors are pissed off about it, but hey, after a big rise people tend to take profits.
Now the train has come to the point of taking new passengers on board for exciting journey to new heights, don't miss the opportunity of your lifetime 😉
$PDA Spotted a Symmetrical Triangle in Hourly Chart: Let's Recap! 📢
A symmetrical triangle is a technical chart pattern formed by converging trendlines that connect a series of peaks and troughs. In an uptrend, a symmetrical triangle typically forms as a continuation pattern, suggesting that the prevailing uptrend is likely to continue after the pattern resolves.
Here are the key characteristics of a symmetrical triangle in an uptrend:
1. Formation: The symmetrical triangle is formed by drawing two trendlines that converge towards each other. One trendline connects a series of higher lows, indicating the uptrend, while the other trendline connects a series of lower highs.
2. Volume: During the formation of the symmetrical triangle, trading volume tends to decrease. This decrease in volume indicates a period of consolidation or indecision among market participants.
3. Breakout: As the price approaches the apex of the triangle, traders look for a breakout. In an uptrend, a bullish breakout occurs when the price breaks above the upper trendline of the triangle. This breakout is typically accompanied by an increase in trading volume, confirming the validity of the breakout.
4. Price Target: To estimate the price target of the breakout, traders often measure the height of the triangle at its tallest point and add that distance to the breakout point. This projected target represents a potential price objective for the continuation of the uptrend.
5. Confirmation: It's important to wait for confirmation of the breakout before taking a trade. Some traders wait for a close above the trendline or a certain percentage above the trendline to confirm the breakout.
eCash ($XEC ) Is Projected Reaching $15 By The Year 2050: What Would Your $100 Investment Be Worth? 💸
If you invest $100 in eCash at the current price of $0.00004647 per token, and the price reaches $15 per token in 2050, the multiplier for your investment would be:
$15 / $0.00004647 ≈ 322,170
This means that your $100 investment could potentially grow to around $32,217,000 by 2050!
The supply of eCash is capped at 21 trillion XEC tokens, and it follows a similar supply and distribution model as Bitcoin.
eCash (XEC) does not have a burning mechanism in place to decrease the coin supply. The developers of eCash believe that XEC is valuable on its own, so there are no plans to burn any coins.
$XEC Is One Monthly Candle Away From Completing a Morning Star: When to Enter a Trade ❓️
The Morning Star pattern is a bullish candlestick pattern that signals a potential reversal of a downtrend. It consists of three candles and typically forms at the bottom of a downtrend.
1. Look for the first candle, which is a large bearish candle indicating sellers are in control.
2. Identify the second candle, which is a small-bodied candle that gaps down from the previous candle, showing market indecision.
3. Confirm the pattern with the third candle, a large bullish candle that closes well into the body of the first candle, signaling a shift from bearish to bullish momentum.
Entry Strategies:
1. Enter a long position after the third bullish candle closes to confirm the pattern.
2. Wait for the price to break above the high of the third candle to confirm the bullish reversal.
🚨🚨 Donald Trump Found Guilty on All 34 Felony Charges: Future Uncertain 📢
Former President Donald Trump has been convicted on all 34 felony charges. Scheduled for sentencing on July 11, just days before the Republican National Convention, Trump faces possible imprisonment.
Amidst speculation about his fate, Trump has called a news conference for tomorrow, fueling further speculation about his next steps and the impact of his conviction on his political future.
$PDA 🚨⚠️ ASK AI: Any Recent News About PlayDapp? ⚠️🚨
Here is the result:
I couldn't find specific recent news articles about PlayDapp (PDA) from the search results. However, here is a summary of the cryptocurrency PlayDapp (PDA)...
⚠️⚠️ From $1.6 Million to $150 in Seconds: Normie Meme Coin Plummets in Exploit Fallout 📢
Normie, a meme coin in the Base Ecosystem, experienced a significant dump of 99% after being hit by an exploit.
Attackers manipulated the token's total supply, draining its liquidity pools. The attackers exploited a tax function in the token's contract, issuing more tokens than the intended 1 billion supply and trading them for ether.
The attacker offered to return 90% of the stolen funds back to the Normie developers if they agreed to relaunch the project. Normie developers accepted the bounty offer as of early Monday.
The exploit caused Normie's market capitalization to plummet from over $40 million to just $700. One investor reportedly faced a massive loss, with their $1.6 million investment turning to just $150 in seconds. Normie's trading was suspended following the exploit.
🌅 McCoin AI Art: Me Looking at My Holdings Today 👇
In the world of cryptocurrencies, volatility is a familiar phenomenon, much like the unpredictable weather patterns in a digital ecosystem.
The market's fluctuations, characterized by alternating red and green days, are an intrinsic feature of the dynamic crypto landscape.
Rather than being daunted by these fluctuations, it's essential to view them as a natural part of the market's rhythm. Every downturn presents opportunities for growth, just as every upswing carries the potential for a correction.
By staying informed, exercising patience, and maintaining a long-term perspective, investors can confidently navigate the ever-changing terrain of the crypto market.
$BTC Institutional Giants Dive Deeper into Bitcoin Investments 📢
Institutional heavyweights like Steven Cohen's Point72 and Morgan Stanley are bolstering their positions in the cryptocurrency market, with significant holdings in Bitcoin-related funds.
Point72's $77.5 million stake in the Fidelity Wise Origin Bitcoin Fund and Morgan Stanley's $269.9 million investment in Grayscale's Bitcoin Trust showcase a growing institutional interest in digital assets.
Joining them are renowned hedge funds and investors like Paul Singer's Elliott Capital, signaling a broader trend of institutional adoption.
These investments serve various purposes, from long-term bets on Bitcoin's growth to strategic market participation. The influx of institutional capital into Bitcoin ETFs reflects a maturing market and hints at a promising future for institutional involvement in the crypto space.