Jotakar
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Technical analysis cannot be applied to cryptocurrencies, don't sell smoke
To analyze the movement of ILV or any cryptocurrency, you can use technical analysis that relies on reading charts and technical indicators to determine entry and exit points. Here are the most important tools you can start with:
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1. Support and resistance lines:
Support: is the price level at which the currency is expected to stop falling (such as $30-35).
Resistance: is the price level at which the currency is expected to stop rising (such as $40-45).
How do you determine it?
Draw horizontal lines at price levels from which the currency has repeatedly bounced.
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2. Common technical indicators:
A. Relative Strength Index (RSI):
Measures momentum and gives an idea if the currency is overbought or oversold.
Above 70: the currency is in the overbought zone (opportunity to sell).
Below 30: the currency is in the oversold zone (opportunity to buy).
B. Moving Averages (MA):
Short (50 days): to identify short-term trends.
Long (200 days): To identify long-term trends.
If short crosses long from bottom to top → Buy signal.
If crosses from top to bottom → Sell signal.
C. MACD (Convergence Divergence):
Helps to identify momentum and trend change.
If MACD line crosses signal line upward → Buy opportunity.
If crosses down → Sell opportunity.
$ILV
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1. Support and resistance lines:
Support: is the price level at which the currency is expected to stop falling (such as $30-35).
Resistance: is the price level at which the currency is expected to stop rising (such as $40-45).
How do you determine it?
Draw horizontal lines at price levels from which the currency has repeatedly bounced.
---
2. Common technical indicators:
A. Relative Strength Index (RSI):
Measures momentum and gives an idea if the currency is overbought or oversold.
Above 70: the currency is in the overbought zone (opportunity to sell).
Below 30: the currency is in the oversold zone (opportunity to buy).
B. Moving Averages (MA):
Short (50 days): to identify short-term trends.
Long (200 days): To identify long-term trends.
If short crosses long from bottom to top → Buy signal.
If crosses from top to bottom → Sell signal.
C. MACD (Convergence Divergence):
Helps to identify momentum and trend change.
If MACD line crosses signal line upward → Buy opportunity.
If crosses down → Sell opportunity.
$ILV
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But what do you say about supports and resistances? Here technical analysis does not work. Tell your friends to remove the sell wall and start buying and set it at 1 euro.
$PDA /USDT pair is currently trading at 0.03812, reflecting a 6.48% decline over the past 24 hours. Despite this pullback, the price remains within a narrow range, with a 24-hour high of 0.04082 and a low of 0.03784. Trading volume has been substantial, with 26.91 million $PDA traded and 1.06 million USDT in total volume. Traders should focus on key support around 0.03784 and monitor resistance at 0.04070. The market is showing signs of potential consolidation, offering opportunities for traders to capitalize on price fluctuations. Those looking for profitable trades should consider entering near the lower support level and targeting resistance for exits, while also keeping a close eye on short-term trends for timely decisions.
#BTCNextATH? #CryptoTrump2.0 #WyomingBTCReserves #SOLVLaunchOnBinance $PDA
#BTCNextATH? #CryptoTrump2.0 #WyomingBTCReserves #SOLVLaunchOnBinance $PDA
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$PDA Binance, you are a legal manipulation tool for making the rich richer, thank you
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$PDA total manipulation, BTC goes up 6% and this garbage goes up another 6%, now BTC goes down 0.60% and this garbage goes down more than 6%, do not invest in cryptocurrencies
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$PDA A 7 % of historical lows, thanks Binance, from 32,000 Euros to 3,000 euros, and you say you'll pay me 200 euros if I bring friends to your platform??! No way you're going to rob my family too