#QNTUSDT Couple of chopping possible✂ accumulation still | Mr_Tycoon23 on Binance Square

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Bullish

#QNTUSDT 
Couple of chopping possible✂
accumulation still in process📍
but for the good confirmation we need a closing candle above the level of breakout
invalidate if it drawdown this level📌
play safe✔ 
$QNT  #ETH_ETFs_Trading_Today 

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*Why Crypto Market is Crashing?* The crypto market has shifted to a bearish trend as growing uncertainty and investor fear take hold. Key factors contributing to the downturn include the U.S. presidential election turmoil, an assassination attempt on Donald Trump, and the upcoming Federal Open Market Committee (FOMC) meeting. Consequently, Bitcoin has fallen from its $60K mark, Ethereum has dropped below $2,400, and XRP has lost its $0.60 level. The market’s cautious sentiment reflects widespread anxiety over these developments. The satoshi streets bathed in Red with major altcoins like Solana (SOL), XRP, and Dogecoin (DOGE), contributing to a decrease in the market cap from $2.1 trillion to $2.03 trillion. *Ethereum’s Struggles* 🔰 Ethereum’s price tumbled below $2,300 due to the activity of a major whale selling off ETH holdings after eight years of dormancy, alongside bearish moves from other large holders. *Altcoin Reactions🔰* Bitcoin and Ethereum’s declines have ripple effects on altcoins: XRP is at $0.572 with a 23.16% drop in 24-hour trading volume; Solana (SOL) is priced at $131.01, down 3.82% with $1.73 billion in trading volume; Dogecoin (DOGE) is at $0.1017, falling 2.84% with $517.94 million in volume; Cardano (ADA) is $0.0008529, down 2.21% with $34,841 in volume. $BTC $ETH

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*NEM/USDT ANALYSIS UPDATE* NEM (XEM) has seen a recent price increase of 0.35% in the last hour and a 7.41% rise in the past week, with a current price of $0.0179 per XEM ¹. The 24-hour trading volume is $7.37M, and the total market cap is approximately $160 million. Key Levels: - Resistance: $0.5862 - Support: $0.480 Technical Analysis: The Relative Strength Index (14) and Stochastic %K (14, 3, 3) indicate a neutral signal for short-term trading. The price is above the Simple Moving Average (SMA) of $0, suggesting potential progress toward resistance. Market Sentiment: NEM's price has declined by 1.54% in the past 24 hours but remains 8.30% higher than its price seven days ago. The token looks stronger than the rest of the market, with a large accumulation and buyer strength. The token looks stronger than the rest of the market. Goes to retest the key level with a large accumulation. At the end of yesterday, the token was bought back, which shows the strength of the buyer in this market. There is emptiness along the way; nothing should interfere with the impulse. Trade Ideas: Consider a long position with a target of $0.5862, or a short position with a stop-loss at $0.4808. Keep in mind that cryptocurrency markets are highly volatile, and thorough research is essential before investing.

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*Bitcoin Analysis* SEPTEMBER 16th, 2024 ➖➖➖➖➖ ⚪️TECHNICAL (H4) The price action of $BTC on the H4 timeframe is consolidating within a symmetrical triangle pattern. Currently, it's facing rejection from the resistance trendline level 📉. We can expect the price action to respect the horizontal support level, marked between $57,240 to $56,469 📊 ⚪️WRAP-UP (VIP) The price action is currently facing rejection from its resistance trendline level 📉. It is squeezing out lower liquidity levels marked below, and with the breakdown of the support level, we may see further downward movement 📊 $BTC DAILY RANGE: 📈Upper Limit: $60,734 📉Lower Limit: $56,469 (+-7.55% based on moving average volatility open/endpoints) However, some experts believe Bitcoin is on the road to $60,000, driven by bullish on-chain data and inflows into US spot Bitcoin ETFs. It's essential to stay updated on market trends and analysis to make informed investment decisions. $BTC

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BITCOIN PRICE ACTION UPDATE 🌈💥 $BTC Going for this giga long here in #BTCUSDT guys.... entry just here near 58800.... my sl is near 54400 zones.... target if ATH... ATLEAST NEW HIGHS📈 keep your fud and panic with yourself, am giga bullish here... #WAGMI

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