$PYTH Price is forming a descending channel on the daily c | Imran Rai on Binance Square

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$PYTH 
Price is forming a descending channel on the daily chart💁‍♂️
A bounce from support could lead to a channel breakout📈
Successful breakout might trigger a 100-150% bullish impulse🚀
#IntroToCopytrading 

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💶 $BCH is forming a bearish pattern I paid attention to the daily timeframe of the Bitcoin Cash chart. Surprisingly, the coin is holding up relatively well on the current alt correction. For a long time, the bears can't take the price below the spring values. The ~$360 acts as a strong support. This is the key level, but above it there are mirror marks of ~$447 and ~$515. Above the mentioned key support, a "squeeze" pattern structure is forming. This is its bearish variant called "head and shoulders" 🔽 I do not expect this pattern to work fully, but it can drive the price down for some time when the support is broken 📉#IntroToCopytrading #SOFR_Spike #VanEck_SOL_ETFS #BinanceTournament

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$BNX /USDT is currently priced at 1.0217, showing a significant 17.11% increase from the previous price. The 24-hour trading range fluctuated between a high of 1.0500 and a low of 0.8688. The moving averages (MAs) indicate short-term trends with MA(7) at 1.0230, MA(25) at 1.0176, and MA(99) at 0.9942. The volume over the last 24 hours is substantial, with BNX trading volume at 55.20M and USDT at 54.53M. Key indicators like EMA, BOLL, SAR, AVL, VOL, MACD, and RSI suggest a varied market sentiment. Recent performance shows a 6.37% increase today, a 13.17% decline over the past 7 days, a 4.12% increase over 30 days, a significant 63.40% rise over 90 days, 246.89% over 180 days, and an impressive 268.81% over the past year. This detailed technical analysis highlights BNX/USDT's volatility and growth potential, beneficial for traders and investors looking to understand market dynamics and make informed decisions.#SOFR_Spike #VanEck_SOL_ETFS #LayerZero #IntroToCopytrading #Write2Earn!

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$ETH /usd also looks great for a recovery📈👀 Supported at the key zone👌

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The recent trading data for $BTC /USDT reveals a significant downward trend, with the price at $59,919.76, marking a 4.42% decline. Key technical indicators show that the 7-day moving average (MA) is at 61,518.92, the 25-day MA is at 61,991.75, and the 99-day MA stands at 62,985.76, all above the current price, indicating bearish momentum. Over the past 24 hours, BTC/USDT reached a high of 63,861.76 and a low of 59,600.00, with a trading volume of 24,986.87 BTC, equivalent to 1.54B USDT. The price has seen a decline of 3.89% today, 3.63% over the past 7 days, 11.51% in the last 30 days, and 9.24% over 90 days, though it has risen by 36.00% in 180 days and 92.01% in the past year. The Order Book shows a buy-sell ratio of 78% to 21%, reflecting a predominantly selling sentiment. Analyzing these trends, it is evident that BTC/USDT is experiencing a short-term bearish trend despite long-term bullish growth, suggesting caution for short-term traders but potential opportunities for long-term investors.#US_Inflation_Easing_Alert #MiCA #IntroToCopytrading #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions

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The $BAL /USDT trading pair is currently priced at $2.691, with a 24-hour high of $2.694 and a low of $2.535, reflecting a 2.36% increase. The trading volume over the past 24 hours stands at 1.05M BAL and 2.76M USDT. The moving averages (MA) indicate a short-term bullish trend with MA(7) at 2.632, but a longer-term bearish outlook with MA(25) at 2.807 and MA(99) at 3.030. Technical indicators such as MACD, RSI, and Bollinger Bands should be monitored for potential reversals or continuations. Recent performance shows a decline over various time frames: -12.09% over the past 7 days, -32.88% over 30 days, -42.14% over 90 days, and -45.65% over the past year, suggesting a significant downtrend. However, the order book and recent trades reflect some buying interest, with a notable 18.32% buy vs. 48% sell ratio. For a detailed strategy, consider both short-term technical signals and long-term trend analysis.#IntroToCopytrading #Megadrop #IntroToCopytrading #US_Inflation_Easing_Alert

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