$AVAX hits $26.8 and brings me more expectations of its return to the daily high of #Tendencia , with a #supportline above $32USD. The unbridled growth of #dolar could cause confusion in the financial market if the opposite of its new trend brings about a hyper devaluation of most currencies in general. However, I remain bullish on AVAX and $KAVA , which are low value coins with high ceilings in the near past.

$HBAR Set your buying position at this support line

#hbarusdt #supportline #cryptotrading

Today the value of digital currencies, including prominent ones like $BTC and $ETH , even the new phenomenon $NOT has fallen below key support lines at a time when no one of us was expecting it, at least it was going good even this afternoon. Here are the key reasons why digital currencies might fall below their support lines:

1. Market Manipulation: Large holders, often called "whales," can influence market prices by making large trades. If they start selling in bulk, it can push prices below support levels. Pump-and-dump schemes or coordinated efforts to drive prices down can also break support lines.

2. Speculation and Volatility: Cryptocurrencies are highly speculative and volatile assets. Rapid price movements are common, and speculative trading can lead to sharp declines that break through support levels.

3. Technical Analysis Signals: Breaching a support line often indicates a shift in market sentiment from bullish to bearish, encouraging more selling.

4. Lack of Liquidity: In periods of low trading volume, even relatively small sell orders can have a significant impact on the price, potentially pushing it below the support line. Less liquidity means there are fewer buyers to absorb selling pressure, leading to more selling.

5. Fear and Panic Selling: Negative news or events can trigger fear among investors, leading to panic selling. When a large number of investors start selling their holdings, the price can drop rapidly, breaking through support levels. Examples include regulatory crackdowns, major hacks, or significant financial scandals involving cryptocurrency exchanges or projects.

With these in mind, please trade calmly. Crypto trading is not for those who faint every time something happens.

#BTC #Bearish #supportline #MemeWatch2024 #ETHETFsApproved

$AVAX had a peak in the last two hours that can only mark the beginning of a new #tendência , as I have mentioned in previous analyses. Having surpassed an important point on its line of #resistência compared to last day, I see a big push towards a new base line at #supportline of AVAX which is becoming increasingly clear. $BTC has assumed increasingly unpredictable ceilings in the short term, but has brought clarity to the volatility of several altcoins for a swing trade.

so how are you guys doing today LOL

$BTC #Bitcoin❗ #supportline #Holder

#btc
#bitcoin
#doji
#supportline
#highlow
🔹3 days ago we mentioned that doji reversal candles are seen at the end of the trend, and when a green candle formed in the upward direction the next day, we doubted its reliability. At this point today, we need to give the doji candles their due and accept that they are a good guide.
🔹Yesterday there was an additional development and the price fell below the support line. The boxer may fall to the ground with the punch he received, but he gets back up and continues the match. However, this event is recorded as a loss of power and points. It is thought that the possibility of winning the match decreases.
🔹Today there was an additional development and the price made a new bottom below yesterday's bottom. Don't object right away that today's candle is green. Because after this event, the line that was support yesterday became resistance today. The occurrence of new bottoms is a more advanced stage than the break of doji and support lines. 🔹The old man thinks that the pullback process in Bitcoin will take 1 week if the prices fall sharply, and 2 weeks if they are released slowly. He also believes that the new bottom will be formed at least 10 thousand dollars below the last peak. 🔹Last word: The devil is in the details. 😊