🥷🏼The cryptocurrency market is a market that contains risk | tuNNCay on Binance Square

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🥷🏼The cryptocurrency market is a market that contains risks such as regulatory issues, hacking, and scam projects.
What are some of the risks associated with investing in crypto?
#PEPE #SHIBAINU #MEMECOINS

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Ethereum Technical Analysis: Will ETH Be Able to $3,700? 🧧$ETH 🧧🧧$ETH 🧧🧧 Ethereum price has launched a downward correction from the $3,500 resistance zone. ETH fell below $3,440 and could find it difficult to stay above $3,380. Ethereum Technical Analysis Ethereum is rising above the $3,500 region. The price is trading above the $3,520 and the 100-hour Simple Moving Average. ETH/USD has a unifying uptrend line with support of $3,450 on its hourly chart. If there is a net movement above the $3,565 resistance zone, the pair may continue to rise. Ethereum Price Reclaims $3,500 Ethereum technical analysis; price remained in a bullish zone above the $3,350 resistance zone. ETH has increased its increase above the $3,500 resistance. There was an increase above the $3,550 level and the price rose as low as $3,563. Currently, the upward movement, which rose from a $3,412 low to a $3,563, is consolidating gains near the 23.6% Fib pullback level. Ethereum is currently trading above the $3,500 and 100-hour Simple Moving Average. A close above the $3,650 level could send Ether to its $3,700 resistance. The next key resistance is close to $3,720. An upside break above the $3,720 resistance could push the price higher towards the $3,800 resistance zone in the coming days. Is Another Drop In ETH Possible? Ethereum technical analysis could initiate a downward fix if it fails to clear the $3,550 resistance. The first major downward support is located near the $3,470 region and the 100-hour Simple Moving Average. A net move below the $3,470 support could push the price towards $3,440. Further losses could send the price towards the $3,350 support level in the near term. The next major support is $3,320. Technical Indicators Hourly MACD – MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – RSI for ETH/USD is now above the 50th region. Major Support Level – $3,440 Big Resistance Level – $3,550 #BinanceTurns7 #Analysis #technical_analysis

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🦊SHIB Technical Analysis: Will There Be A Rally Between Market Imbalance? 📊 🚀 $SHIB 🧧🧧 $SHIB 🧧🧧 $SHIB 🧧 SHIB technical analysis; meme coin is currently hovering in uncertain waters. There are graphs showing that it must fill the fair value gap (FVG) before a potential rally occurs. Shiba Inu price analysis: SHIB price rose 0.7% in the last 24 hours, trading at around $0,0001669 during European business hours on Wednesday. The rise in price comes in the middle of the overall market rise caused by the Bitcoin price recovery. Shiba Inu was one of the crypto assets most affected during Bitcoin's price drop. SHIB Technical Analysis Shiba's price came out of a descending triangle on June 14 and fell as low as $0.00001266. However, following the overall market recovery, the memecoin rose 32% from its last low. SHIB technical analysis; the move is below the 2-day, 50-day and 200-day simple moving averages (SMA) that are not bullish for the asset. Just below the last low, there is a zone of market imbalance that must be filled for the asset's price to completely reverse. SHIB's price action is close to the 21-day SMA, which has been acting as a resistance level for the past 33 days. A break above this indicator could result in more upward movement to the 200-day and 50-day SMA clustered together. Therefore, the Shiba Inu price prediction suggests that between $0.0000168 and $0.000195, the SHIB price may be one of the toughest resistance zones it can face. A breakout above this region could throw the SHIB price to $0.0000336. The SHIB price may need to drop by 30% from its current price to fill the fair value gap (FVG) around $0.00011. However, the sooner Shiba Inu clears up this market imbalance zone, the sooner the crypto asset may begin to move upwards. An important support area to follow is at the level of $0.00001361. #technicalanalyst #ANALYSIS #Shibalnu

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Why is Bitcoin Price Falling?🔎 $BTC 🧧🧧$BTC 🧧🧧$BTC Bitcoin (BTC) price fell as far as $54,800 at the time of writing, now finding buyers at $56,000. Volatility is extremely high. The biggest reason for this is Germany's ongoing BTC sales. So what has triggered this decline in the last few hours? Here are the details. The 50,000 BTC confiscated by the German government has been sold in parts for a long time. Investors' risk appetite is significantly negatively affected as on-chain alarms sound with continuous transfers. The good news is that half of the total reserve melted with the latest institution sales made by the BKA of the German government. Short-term intense selling pressure in the markets may weaken after the remaining BTC is also sold. However, we should see details that MTGOX returns will be slow. – Track the movements of BTC transfers towards exchanges. – Watch the German government's sales programs. – Observe the timing of MTGOX returns and adjust your strategy accordingly. DYOR #BTC☀ #ANALYSIS #predictions

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DOGE and SHIB Prepare for Big Increase 🚀👀 $DOGE 🧧🧧 $SHIB 🧧🧧🧧 Dogecoin (DOGE) is currently at a critical support level around $0.1184. This level is very important as it determines the potential for further rallying or withdrawal. Traders carefully observe this support because maintaining this level can pave the way for significant gains. Technical analysis shows that a break above this level could push Dogecoin (DOGE) towards new highs, with some experts forecasting an increase of up to $0.653, representing a significant increase. The future outlook for Dogecoin (DOGE) remains mixed. On the one hand, the potential for a breakout, supported by bullish technical indicators and increasing market sentiment, is strong. On the other hand, the coin faces challenges such as profit-taking pressure that could hinder its upward trajectory. Shiba Inu (SHIB) is on the verge of significant price action, with forecasts pointing to a potential increase of 250%. The projected $0.00005 target means significant growth from its current levels. Technical analysis and emerging buy signals show that Shiba Inu (SHIB) is ready for bullish and will attract the attention of investors looking for high yields. This potential rise is due to increased accumulation and favorable market conditions. Expectations for Shiba Inu (SHIB) look promising. The predicted 250% increase depends on continuous buy signals and positive market sentiment. However, Shiba Inu (SHIB) faces inherent risks such as market volatility and broader crypto market trends that could affect its performance. In order for Shiba Inu (SHIB) to reach its projected targets, it will need to maintain its momentum and effectively manage possible market corrections. Investors should approach from a balanced perspective, taking into account both the high earnings potential and associated risks. #ANALYSIS #doge⚡ #mememcoinseason2024

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