$ETH

Hey there, Binance Square family! 👋 Did you know that ETH recently made a real cool pattern? 🚀 It was like a secret code the market was sending us!
Here's the scoop:
* The Liquidation Zone: Way back when, there was a HUGE liquidation zone hanging out around the $3,000 mark. 👀 This meant a lot of traders were holding positions that could get wiped out if the price dropped.
* The Pattern: And guess what? The price DID drop, and BOOM! That liquidation zone got gobbled up like a tasty treat. 🤤 This created a clear ABC pattern, which is like a mini roadmap for where the price might go next.
* Zooming Out: To get the full picture, we need to step back and look at the bigger picture on higher timeframes. 📈 This will help us understand the overall trend and make better trading decisions.
* The Build-Up: If you look closely at the market before the price started dropping, you'll see how that massive liquidation zone was built up. It was like a ticking time bomb waiting to explode! 💥
So, what does this all mean for us, Binance Square family? 🤔 Well, it's a reminder to always be on the lookout for these patterns and liquidation zones. They can give us valuable insights into market movements and help us make informed trading decisions.
Stay tuned for more market updates and trading tips!
Remember, this is just for educational purposes and not financial advice. Always do your own research and trade responsibly!
#BinanceSquareFamily #ETH #Trading #MarketAnalysis #Crypto

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$XRP

Hey there, Binance Square family! 👋 Let's dive into the XRP market! 👀
It looks like XRP might be heading into a correction phase. Think of it like a little breather before the next big move.
The ABC Pattern:
* XRP is showing an ABC pattern on the chart. This is like a mini roadmap with three distinct waves (A, B, and C).
* These waves usually indicate a temporary pullback before the price resumes its upward trend.
The Potential Dip:
* Based on this pattern, XRP could potentially dip below the $2 mark during this correction.
What to Watch Out For:
* Keep an eye on the chart for confirmation of this ABC pattern.
* Also, pay attention to the overall market sentiment and any major news events that could impact XRP's price.
Remember, this is just technical analysis and not financial advice. Always do your own research and trade responsibly!
#BinanceSquareFamily #XRP #Trading #MarketAnalysis #Crypto

A lawsuit was filed against the Department of Government Efficiency (DOGE), headed by Elon Musk, almost immediately after the inauguration of U.S. President Donald Trump on January 20. This was reported by The Washington Post, citing the lawsuit from the law firm National Security Counselors.

In a 30-page document, the plaintiff claims that DOGE violates federal transparency rules in effect since 1972, which pertain to information disclosure, employee hiring, and other procedures.

If you are just starting your journey in the world of cryptocurrencies, it is important to remember about security. Here are some tips that will help you avoid mistakes:
1. Account and security
Use two-factor authentication (2FA). This is your first line of defense.
Never share your passwords and access codes. Binance will never ask you to provide them.

According to Coinglass, the Long/Short ratio for ADA is at a monthly low of 0.82, indicating strong demand for short positions.

When this ratio drops below one, more traders are betting on the price to fall (short positions) rather than on the price to rise. If short sellers continue to dominate, this could increase pressure on the cryptocurrency’s price.

Cryptocurrency executives have warned that the TRUMP and MELANIA memecoins of US President Donald Trump and his wife Melania could harm the crypto industry and cause a backlash among investors, the Financial Times reported.

The newspaper noted that these tokens had risen sharply in price over the past weekend, with the total nominal value of TRUMP reaching $14.5 billion and MELANIA almost $3 billion. However, in a few days they have lost more than half of their value, which has led to accusations of conflicts of interest against Trump and concerns that thousands of investors have been drawn into trading tokens that are even more volatile than bitcoin, the FT writes.

At the time of writing this analysis, ADA is trading at $1.01. Over the past 24 hours, the token has risen in price by 1%.

The cryptocurrency is currently holding above the $0.90 support level. If selling pressure increases, the price may go for a retest of this area. If the $0.90 level is lost, the decline will continue, probably to $0.80.