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#ALT signal trade and results$ALT
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#RUNE signal trade and results $RUNE
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#ADA/USDT ANALYSIS ADA is currently consolidating within a falling wedge pattern and is now rising from the support trendline of the wedge. The 50MA and 200MA are both acting as resistance just above the pattern's resistance trendline. We should wait for a decisive breakout from the pattern before anticipating a bullish rally in $ADA
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#BTC/USDT ANALYSIS Bitcoin has recently broken below the horizontal demand zone of a descending triangle pattern, signaling a potential shift in market sentiment. It is currently in the process of retesting the lower boundary of the triangle. The Ichimoku Cloud reinforces this bearish outlook, with its indicators showing increased downward momentum. If the retest of the triangle's boundary confirms this bearish bias, we could see a continuation of the decline, potentially leading to a significant drop in price. Conversely, if Bitcoin fails to sustain below this level during the retest, it may enter a phase of consolidation within the descending triangle. $BTC
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#ALTS MARKET CAP ANALYSIS The ALTS market cap has recently broken down into a descending triangle, accompanied by significant trading volume. It is currently finding support at the 200-day moving average, which coincides with a test of the triangle's lower boundary. A successful test of this support would confirm a bearish trend, reinforced by the Ichimoku cloud signaling bearish momentum above the current price action. However, a breakout above the triangle could lead to further consolidation within the pattern, indicating potential indecision in the market.
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