The technical indicators indicated negative momentum with no discernible trend, although #PEPE is expected to rise over the next week or two.

PEPE provided a buying chance after a retest of a major support level.

It lacked a trend over longer periods but might potentially post significant gains in July or early August.

From May to mid-June, Pepe [PEPE] had a greater time frame downturn. PEPE had increases of close to 95% between June 19 and 22, pushing it out of its prior slump. A range formation followed this quick #bullishflag success.

This may be beneficial in the long run since it enables investors to dollar cost average into holdings. Short-term traders might anticipate profits following the testing of the support level after some turbulence over the last month.

Since June 21, PEPE has traded in a range (yellow) spanning from $0.00000136 to $0.00000185. The support level at $0.00000148 (dotted orange) has also been noteworthy inside this range.

PEPE was trading barely above this support level at the time of writing. Yet, the market structure was bearish, with the price forming a sequence of lower highs and lower lows after the rejection from the range highs at $0.00000188.

The Directional Movement Index revealed that no significant trend had emerged in the previous several days. The CMF stood at -0.04 but fell last week, indicating capital outflow from the PEPE market. The RSI was also lower than the neutral 50 level.

From the 17th of July, the Open Interest chart has produced higher lows and has gradually trended upward. Throughout this period, there was no discernible pattern in the price movement, which remained close above the $0.00000148 support level.

This was symptomatic of speculators gradually moving optimistic, although $PEPE has yet to show significant gains. The price movement and volume signs indicated that buyers were not yet strong, but the support level was defended, and PEPE prices might rise during the following week.

#XRP/USDT pair anchors around $0.48, daily range between $0.47-$49, indicating potential breakout.

$0.49 is a crucial resistance level for XRP, which has struggled to break through due to insufficient volume.

RSI indicates a purchasing position with increasing momentum, while STOCH data focuses on the market's stability.

Despite these indicators, XRP's growth suggests an upward explosion.

#XRP MACD, ADX, Williams %R, and CCI 14 data show a positive buying trend, but stable price suggests an impending explosion. After breaking $0.49 resistance, next objective is $0.62, and if good news, $1 is coming to play.

Get ready Guyz. Be informed

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A gray swan event is a predictable event with a low likelihood of occurring. Its defining characteristics are:

It can be predicted.

It carries a huge impact with a domino effect.

After it occurs, explanations are created that recognize its predicted probability, but the focus is shifted to human error in judgment.

A good example of a gray swan event is the coronavirus pandemic. While the chances of such an event occurring remain low, they are never zero. A gray swan event in the crypto world is the hacking of a centralized exchange (CEX). These exchanges invest a lot of time and resources into security. However, nothing is 100% secure which leaves a margin for hacks.

How to Prepare for a Gray Swan Event?

It is important to balance protecting oneself against a gray swan event while managing other risks. However, ignoring it can lead to huge losses. An investor should build resilience in all investment decisions. To do this, they should treat resilience as a continuous effort rather than a one-off exercise. One way to build resilience is to take loss-mitigation measures in your investment choices. It would help if you had contingencies in place to ensure that you know how to manage the crisis when gray swans occur. 

For individuals and organizations, it could mean creating a response plan that is the go-to for a specific crisis. In other cases, it could mean holding simulations to build muscle memory so that you know how to respond. 

#grayswanevent #grayswan #bullishflag #bulltrap #bull $BTC $ETH $SOL

#Binance Coin bulls have been lethargic, resulting in a worrying drop below the critical $240 support level. This downward trend shows that negative forces may be taking control of the market in the short future.

#BNB is now forming an interesting chart pattern known as the inverted flag. BNB's price has dropped 0.2% in the last 24 hours and 2.1% in the last seven days due to current market volatility. According to cryptocurrency market tracker CoinGecko, the coin is presently selling at $237.

Since the previous high of $261.9 seems to be fading in memory, investors are keeping a close eye on this bearish continuation pattern and its possible consequences.

The inverted flag pattern is a technical chart pattern that indicates the continuation of a downturn. When the price of an asset (the flagpole) falls sharply, it is followed by a short period of consolidation, depicted by a downward-sloping channel (the flag).

This pattern indicates that the price will most likely break the lower support trendline after a brief respite rally and resume its downward trend.

The BNB price has lost 2.0% in the previous week and is nearing the lower support trendline of the inverted flag pattern. When BNB's bearish continuation pattern takes hold, the odds of the market breaking through this dynamic support increase. A daily candle falling below this trendline indicates that the downward trend is likely to resume.

But, there is cause for optimism for $BNB owners as hints of a possible turnaround appear. If the coin price maintains its resistance and begins to recover at the bottom support trendline, it indicates that buyers are aggressively protecting this crucial level.

Such a reversal might extend the present relief rally and bring the BNB price back toward the overhead trendline, which is now at $265. A #bullishflag break of this resistance level might falsify the bearish argument and usher in a long-term rebound for BNB.

Investors should exercise caution as the inverted flag pattern develops and keep a careful eye on price movement around the lower support trendline. A break below this level would confirm the bearish continuation pattern, forcing some investors to contemplate trimming losses or taking a defensive attitude.

A clear recovery from the support, on the other hand, might give a buying opportunity for investors expecting a reversal.