LIVEBadWolf
@BadWolf
“BadWolf” is an experienced cryptocurrency investor with over a decadência in finance. Known for spotting trends and sharing knowledge.
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Over the past 24 hours, the cryptocurrency $WIF (dogwifhat) has seen mixed market movement, reflecting both signs of buyer interest and selling pressure.
- **Price and Volume**: The price of Wif has been mixed, with both drops and recoveries recorded. At one point, the price was around $1.53, with significant trading volume indicating interest in the asset.
- **Technical Analysis and Market Sentiment**: There has been mention of a possible "Falling Wedge" pattern, suggesting the potential for a significant price increase if there is a break above resistance. However, there have also been signs of a downtrend on the short-term charts, with suggestions that the price could be preparing for a mean reversal or a breakout to the downside.
- **Derivatives and Sentiment**: Despite some buying interest on platforms like Binance, derivatives data showed a more bearish sentiment, indicating that traders were more inclined to bet on price dips.
- **Support and Resistance Levels**: Support around $1.2 was mentioned as a key point, with the price bouncing back from this level. Specific support and resistance levels were discussed, such as support at $1.5 and possible price targets for longs.
- **Overall Sentiment**: Posts on X (formerly Twitter) indicate a market split between bulls who see potential for a rally if certain levels are broken, and bears who see signs of a continuation of the downtrend or an imminent reversal.
In summary, Wif showed a mixed market dynamic, where both buyers and sellers are active, with a slight bias towards optimism based on technical patterns, but caution due to derivatives analysis and short-term trends.
- **Price and Volume**: The price of Wif has been mixed, with both drops and recoveries recorded. At one point, the price was around $1.53, with significant trading volume indicating interest in the asset.
- **Technical Analysis and Market Sentiment**: There has been mention of a possible "Falling Wedge" pattern, suggesting the potential for a significant price increase if there is a break above resistance. However, there have also been signs of a downtrend on the short-term charts, with suggestions that the price could be preparing for a mean reversal or a breakout to the downside.
- **Derivatives and Sentiment**: Despite some buying interest on platforms like Binance, derivatives data showed a more bearish sentiment, indicating that traders were more inclined to bet on price dips.
- **Support and Resistance Levels**: Support around $1.2 was mentioned as a key point, with the price bouncing back from this level. Specific support and resistance levels were discussed, such as support at $1.5 and possible price targets for longs.
- **Overall Sentiment**: Posts on X (formerly Twitter) indicate a market split between bulls who see potential for a rally if certain levels are broken, and bears who see signs of a continuation of the downtrend or an imminent reversal.
In summary, Wif showed a mixed market dynamic, where both buyers and sellers are active, with a slight bias towards optimism based on technical patterns, but caution due to derivatives analysis and short-term trends.
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$WIF /USDT on the 4-hour timeframe, with Fibonacci levels and technical indicators that can give insights into future movements.
### Updated Technical Analysis:
1. **Fibonacci Levels**: The current price is around 1.541, very close to the 0.5 Fibonacci level, which is 1.552. This zone can act as an important support. Below this level, the next strong support would be at 1.439 (0.382 Fibonacci), and then 1.299 (0.236).
2. **200-Period Moving Average**: As in the previous analysis, it is not visible, suggesting that it is well above the current price, maintaining the prevailing bearish trend on the chart.
3. **MACD**: The MACD indicator does not yet suggest a clear recovery. The chart shows the beginning of a bearish crossover, which could indicate stronger selling pressure in the coming hours. It is important to monitor the slope of the MACD moving averages to confirm this scenario.
4. **Bollinger Bands**: The price is close to the lower border of the Bollinger Bands, indicating that the asset may be oversold in the short term. This could suggest a possible corrective upward movement if there is sufficient support in the 1.541 zone.
### Forecasts for the next 7 days:
- **Bullish**: If the price manages to hold the current support of 1.541 and there is an upward momentum, the next target would be around 1.665 (0.618 Fibonacci), followed by 1.824 (0.786).
- **Bearish**: If the price breaks below 1.541, there are chances of a deeper correction towards the support levels of 1.439 and 1.299.
**Conclusion**: The chart is in a critical zone, where a break below 1.541 could trigger a more significant decline. However, if the support holds, we could see a gradual recovery towards the higher Fibonacci levels.
$WIF /USDT on the 4-hour timeframe, with Fibonacci levels and technical indicators that can give insights into future movements.
### Updated Technical Analysis:
1. **Fibonacci Levels**: The current price is around 1.541, very close to the 0.5 Fibonacci level, which is 1.552. This zone can act as an important support. Below this level, the next strong support would be at 1.439 (0.382 Fibonacci), and then 1.299 (0.236).
2. **200-Period Moving Average**: As in the previous analysis, it is not visible, suggesting that it is well above the current price, maintaining the prevailing bearish trend on the chart.
3. **MACD**: The MACD indicator does not yet suggest a clear recovery. The chart shows the beginning of a bearish crossover, which could indicate stronger selling pressure in the coming hours. It is important to monitor the slope of the MACD moving averages to confirm this scenario.
4. **Bollinger Bands**: The price is close to the lower border of the Bollinger Bands, indicating that the asset may be oversold in the short term. This could suggest a possible corrective upward movement if there is sufficient support in the 1.541 zone.
### Forecasts for the next 7 days:
- **Bullish**: If the price manages to hold the current support of 1.541 and there is an upward momentum, the next target would be around 1.665 (0.618 Fibonacci), followed by 1.824 (0.786).
- **Bearish**: If the price breaks below 1.541, there are chances of a deeper correction towards the support levels of 1.439 and 1.299.
**Conclusion**: The chart is in a critical zone, where a break below 1.541 could trigger a more significant decline. However, if the support holds, we could see a gradual recovery towards the higher Fibonacci levels.
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$WIF /USDT in a 4-hour analysis, here are some important points to consider for next week’s price prediction:
1. **Fibonacci Levels**: The chart shows Fibonacci retracement with highlights on important levels such as 0.618 ($2,201), 0.5 ($1,987), and 0.382 ($1,772). These are significant resistance and support levels that the price could test.
2. **Upward Channel**: There seems to be an ascending channel drawn, indicating that the price is in an uptrend in the short term. If this trend continues, the price could seek resistances above $2.00, especially if it manages to break the 0.618 Fibonacci level.
3. **Bollinger Bands**: The Bollinger Bands are expanding, suggesting an increase in volatility. The price is close to the upper band, which could indicate a possible correction before continuing the rise.
4. **MACD**: The MACD appears to be in positive territory, with the signal lines close together, indicating that the uptrend may still continue, but caution is needed in case of a bearish crossover.
### Forecast:
- **Bullish scenario**: If the price manages to stay above the Fibonacci 0.5 level ($1.987) and breaks the resistance near $2.201, the asset may continue its upward trajectory, possibly targeting higher levels around $2.50 next week.
- **Pessimistic scenario**: If the price fails to break the resistance and there is a correction, it may test the support around $1.772 and, if broken, fall to the $1.500 region.
This analysis is based on the current setup and may change with the market dynamics.
1. **Fibonacci Levels**: The chart shows Fibonacci retracement with highlights on important levels such as 0.618 ($2,201), 0.5 ($1,987), and 0.382 ($1,772). These are significant resistance and support levels that the price could test.
2. **Upward Channel**: There seems to be an ascending channel drawn, indicating that the price is in an uptrend in the short term. If this trend continues, the price could seek resistances above $2.00, especially if it manages to break the 0.618 Fibonacci level.
3. **Bollinger Bands**: The Bollinger Bands are expanding, suggesting an increase in volatility. The price is close to the upper band, which could indicate a possible correction before continuing the rise.
4. **MACD**: The MACD appears to be in positive territory, with the signal lines close together, indicating that the uptrend may still continue, but caution is needed in case of a bearish crossover.
### Forecast:
- **Bullish scenario**: If the price manages to stay above the Fibonacci 0.5 level ($1.987) and breaks the resistance near $2.201, the asset may continue its upward trajectory, possibly targeting higher levels around $2.50 next week.
- **Pessimistic scenario**: If the price fails to break the resistance and there is a correction, it may test the support around $1.772 and, if broken, fall to the $1.500 region.
This analysis is based on the current setup and may change with the market dynamics.
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To predict Horizen ($ZEN ) price based on the chart, here are some important observations:
1. **Support and Resistance:**
- Current price is 11.36 USDT.
- The next significant support level is around 11.30 USDT.
- The closest resistance is around 12.00 USDT.
2. **200 Period Moving Average (200-MA):**
- The 200-MA line is acting as a dynamic resistance. The price needs to surpass this average to start a stronger uptrend.
3. **Fibonacci Retracement:**
- Fibonacci levels indicate that 12.88 USDT is important resistance (78.6% level).
4. **Candle Patterns:**
- On the side of bullish patterns, Rising 3 (R3) and Bullish Engulfing (EGA) show a high probability of reversing bullish.
- On the bearish side, Evening Star (ES) and Bear Engulfing (EGV) show a high probability of continuation of the decline.
5. **RSI Divergence Indicator:**
- The RSI is close to the overbought/oversold level (below 30 is oversold, above 70 is overbought).
- There are signs of bullish divergence, indicating a possible bullish reversal soon.
6. **SuperTrend:**
- SuperTrend is indicating a short-term downtrend. For a reversal, price will need to break this line and close above it.
### Forecast for the next few days
- **Bull Scenario:** If the price manages to sustain above the support level at 11.30 USDT and surpass the 200-period moving average, it is possible that it could see a move higher towards 12.00 USDT and possibly 12.88 USDT.
- **Bearish Scenario:** If the price falls below 11.30 USDT, the next support zone would be around 11.00 USDT and potentially 10.50 USDT.
### Conclusion
Pay attention to the mentioned support and resistance levels, as well as the signals provided by indicators and candlestick patterns. Monitoring these elements will help predict Horizen ($ZEN ) price movement in the coming days.
1. **Support and Resistance:**
- Current price is 11.36 USDT.
- The next significant support level is around 11.30 USDT.
- The closest resistance is around 12.00 USDT.
2. **200 Period Moving Average (200-MA):**
- The 200-MA line is acting as a dynamic resistance. The price needs to surpass this average to start a stronger uptrend.
3. **Fibonacci Retracement:**
- Fibonacci levels indicate that 12.88 USDT is important resistance (78.6% level).
4. **Candle Patterns:**
- On the side of bullish patterns, Rising 3 (R3) and Bullish Engulfing (EGA) show a high probability of reversing bullish.
- On the bearish side, Evening Star (ES) and Bear Engulfing (EGV) show a high probability of continuation of the decline.
5. **RSI Divergence Indicator:**
- The RSI is close to the overbought/oversold level (below 30 is oversold, above 70 is overbought).
- There are signs of bullish divergence, indicating a possible bullish reversal soon.
6. **SuperTrend:**
- SuperTrend is indicating a short-term downtrend. For a reversal, price will need to break this line and close above it.
### Forecast for the next few days
- **Bull Scenario:** If the price manages to sustain above the support level at 11.30 USDT and surpass the 200-period moving average, it is possible that it could see a move higher towards 12.00 USDT and possibly 12.88 USDT.
- **Bearish Scenario:** If the price falls below 11.30 USDT, the next support zone would be around 11.00 USDT and potentially 10.50 USDT.
### Conclusion
Pay attention to the mentioned support and resistance levels, as well as the signals provided by indicators and candlestick patterns. Monitoring these elements will help predict Horizen ($ZEN ) price movement in the coming days.
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$ZEN Continues to be strong! Respecting the $11.27 support staying within the bullish flag on the 4-hour chart.
If it breaks the $12.00 resistance we could see a new run up to $16.00 in a few days!
Please follow me for more updates and like our post! This way many people can see the updates! Thanks!
#ZEN @Horizen #BullRunAhead
If it breaks the $12.00 resistance we could see a new run up to $16.00 in a few days!
Please follow me for more updates and like our post! This way many people can see the updates! Thanks!
#ZEN @Horizen #BullRunAhead
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ANALYSIS $ZEN
With the addition of candlestick patterns and their respective alignment percentages, the analysis can be refined. Let's detail the patterns presented and their implications:
### Candlestick Patterns:
1. **Bullish Patterns**:
- **Hammer (60.50%)**: Indicates a possible reversal of the upward trend after a fall.
- **Bullish Engulfing (55.77%)**: A strong bullish pattern that occurs when a small bearish candle is followed by a larger bullish candle.
- **Rising 3 (100%)**: Strong indication of continuation of the uptrend.
- **Bull Harami (58.29%)**: Indicates a possible reversal from bearish to bullish.
- **Tweezer Bottom (51.91%)**: Indicates a possible bottom and upward trend reversal.
2. **Bearish Patterns**:
- **Hanging Man (39.08%)**: Indicates a possible reversal of the downward trend after a rise.
- **Shooting Star (54.85%)**: Strong bullish to bearish reversal signal.
- **Bear Engulfing (50.89%)**: A bearish pattern that occurs when a small bullish candle is followed by a larger bearish candle.
- **Falling 3 (100%)**: Strong indication of continuation of the downtrend.
- **Evening Star (66.67%)**: Indicates a bullish to bearish reversal.
- **Bear Harami (56.62%)**: Indicates a possible reversal from bullish to bearish.
- **Tweezer Top (50.49%)**: Indicates a possible top and downward trend reversal.
#UpdatedAnalysis:
- **Probability of Bullishness: The presence of patterns such as "Rising 3" (100%) and "Hammer" (60.50%) strengthens the prospect of a bullish rally. These patterns are strong indicators that the price may move higher.
- Bearish Probability**: However, the presence of patterns such as the "Falling 3" (100%) and the "Evening Star" (66.67%) suggests that there is also significant selling pressure.
### Conclusion:
Previous analysis indicated an ascending triangle, which is a bullish pattern. Adding the candlestick patterns with their respective alignment percentages suggests a mix of bullish and bearish signals.
With the addition of candlestick patterns and their respective alignment percentages, the analysis can be refined. Let's detail the patterns presented and their implications:
### Candlestick Patterns:
1. **Bullish Patterns**:
- **Hammer (60.50%)**: Indicates a possible reversal of the upward trend after a fall.
- **Bullish Engulfing (55.77%)**: A strong bullish pattern that occurs when a small bearish candle is followed by a larger bullish candle.
- **Rising 3 (100%)**: Strong indication of continuation of the uptrend.
- **Bull Harami (58.29%)**: Indicates a possible reversal from bearish to bullish.
- **Tweezer Bottom (51.91%)**: Indicates a possible bottom and upward trend reversal.
2. **Bearish Patterns**:
- **Hanging Man (39.08%)**: Indicates a possible reversal of the downward trend after a rise.
- **Shooting Star (54.85%)**: Strong bullish to bearish reversal signal.
- **Bear Engulfing (50.89%)**: A bearish pattern that occurs when a small bullish candle is followed by a larger bearish candle.
- **Falling 3 (100%)**: Strong indication of continuation of the downtrend.
- **Evening Star (66.67%)**: Indicates a bullish to bearish reversal.
- **Bear Harami (56.62%)**: Indicates a possible reversal from bullish to bearish.
- **Tweezer Top (50.49%)**: Indicates a possible top and downward trend reversal.
#UpdatedAnalysis:
- **Probability of Bullishness: The presence of patterns such as "Rising 3" (100%) and "Hammer" (60.50%) strengthens the prospect of a bullish rally. These patterns are strong indicators that the price may move higher.
- Bearish Probability**: However, the presence of patterns such as the "Falling 3" (100%) and the "Evening Star" (66.67%) suggests that there is also significant selling pressure.
### Conclusion:
Previous analysis indicated an ascending triangle, which is a bullish pattern. Adding the candlestick patterns with their respective alignment percentages suggests a mix of bullish and bearish signals.
Artificial Superintelligence Alliance Token Merger Phase 1 Complete, Begins Integration Phase
On July 1st, 2024, we began the token merge to unite SingularityNET,
$FET , and @Ocean Protocol into the Artificial Superintelligence Alliance, currently trading under the FET ticker. As the first token merger of this magnitude, this complex undertaking involves many moving parts and requires continuous efforts.
We are excited to announce that the core token merger process (Phase 1) is now complete and we have moved on to post-merger integration (Phase 2). With over 50% of the circulating supply already migrated, including project treasuries and user balances on supporting exchanges, SingularityNET,
Fetch.ai and Ocean Protocol are now consolidated under a single token, the Artificial Superintelligence Alliance ($FET ). We are now positioned to focus on advancing towards beneficial Artificial General Intelligence (AGI) and beyond, with the ultimate mission of achieving decentralized Artificial Superintelligence (ASI).
Concurrent with the Alliance’s primary focus on development and rollout of decentralized AI technology, several post-closure implementation and integration steps will be executed relevant to the merger in the coming period. Over the next few weeks, we will introduce cross-chain bridges and migration solutions to facilitate the transition for our remaining holders on blockchains like Cardano and BNB Chain. These solutions will enable users to migrate to the merged Artificial Superintelligence Alliance token (FET) and secure their positions within the Alliance's ecosystem. Following this, the final step of Phase 2, that of updating the ticker from FET to ASI will be carried out in due time once alignment of all needed third parties has been achieved.
We appreciate the unwavering support of our communities and the instrumental role of our industry partners in making this token merger possible. We look forward to sharing more detailed information as the next stages of the post-closure process unfold, and most of all to unveiling in the coming months more of our ongoing work integrating SingularityNET,
@Fetch.ai
and Ocean software tools toward practical commercial AI functions building in the direction of decentralized AGI and ASI.
$FET , and @Ocean Protocol into the Artificial Superintelligence Alliance, currently trading under the FET ticker. As the first token merger of this magnitude, this complex undertaking involves many moving parts and requires continuous efforts.
We are excited to announce that the core token merger process (Phase 1) is now complete and we have moved on to post-merger integration (Phase 2). With over 50% of the circulating supply already migrated, including project treasuries and user balances on supporting exchanges, SingularityNET,
Fetch.ai and Ocean Protocol are now consolidated under a single token, the Artificial Superintelligence Alliance ($FET ). We are now positioned to focus on advancing towards beneficial Artificial General Intelligence (AGI) and beyond, with the ultimate mission of achieving decentralized Artificial Superintelligence (ASI).
Concurrent with the Alliance’s primary focus on development and rollout of decentralized AI technology, several post-closure implementation and integration steps will be executed relevant to the merger in the coming period. Over the next few weeks, we will introduce cross-chain bridges and migration solutions to facilitate the transition for our remaining holders on blockchains like Cardano and BNB Chain. These solutions will enable users to migrate to the merged Artificial Superintelligence Alliance token (FET) and secure their positions within the Alliance's ecosystem. Following this, the final step of Phase 2, that of updating the ticker from FET to ASI will be carried out in due time once alignment of all needed third parties has been achieved.
We appreciate the unwavering support of our communities and the instrumental role of our industry partners in making this token merger possible. We look forward to sharing more detailed information as the next stages of the post-closure process unfold, and most of all to unveiling in the coming months more of our ongoing work integrating SingularityNET,
@Fetch.ai
and Ocean software tools toward practical commercial AI functions building in the direction of decentralized AGI and ASI.
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The chart of Horizen ($ZEN ) against Tether (USDT) presents the following information:
1. **Current Price**: ZEN/USDT is at 11.95, with a negative variation of -1.48%.
2. **Technical Indicators**:
- **Fibonacci Retracement**: Levels of 2.618 (16.26) and 1.618 (14.47).
- **SuperTrend**: Several levels indicate support and resistance zones.
- **200 Period Moving Average (200-MAR)**.
3. **Candlestick Patterns**:
- **Bullish Patterns**: Hammer, Inverted Hammer, Bullish Engulfing, Rising 3, Morning Star, Tweezer Bottom.
- **Bearish Patterns**: Hanging Man, Shooting Star, Bear Engulfing, Falling 3, Evening Star, Tweezer Top.
### Analysis
1. **Fibonacci Levels**:
- The current price is below the main Fibonacci levels (2.618 and 1.618). If the price breaks above 14.47 (1.618), it could indicate a potential recovery to 16.26 (2.618).
2. **Support and Resistance Indicators**:
- The 200-period moving average (200-MAR) can serve as dynamic support. If the price remains above this line, it is a good sign of long-term support.
3. **Candlestick Patterns**:
- The presence of bullish reversal patterns (such as Hammer and Morning Star) suggests a possible trend reversal if confirmed.
### Price Forecast
- **Short Term**: Price may continue to test current support around 11.95. If there is a bullish pattern forming and breaking nearby resistance (e.g. above 12.00), it may indicate an upward movement.
- **Medium Term**: If the price breaks and sustains above the 1.618 Fibonacci level (14.47), the price is likely to reach 16.26.
- **Long Term**: Keep an eye on the 200-period moving average for signs of strong support. If the price remains above this average, long-term sentiment remains positive.
1. **Current Price**: ZEN/USDT is at 11.95, with a negative variation of -1.48%.
2. **Technical Indicators**:
- **Fibonacci Retracement**: Levels of 2.618 (16.26) and 1.618 (14.47).
- **SuperTrend**: Several levels indicate support and resistance zones.
- **200 Period Moving Average (200-MAR)**.
3. **Candlestick Patterns**:
- **Bullish Patterns**: Hammer, Inverted Hammer, Bullish Engulfing, Rising 3, Morning Star, Tweezer Bottom.
- **Bearish Patterns**: Hanging Man, Shooting Star, Bear Engulfing, Falling 3, Evening Star, Tweezer Top.
### Analysis
1. **Fibonacci Levels**:
- The current price is below the main Fibonacci levels (2.618 and 1.618). If the price breaks above 14.47 (1.618), it could indicate a potential recovery to 16.26 (2.618).
2. **Support and Resistance Indicators**:
- The 200-period moving average (200-MAR) can serve as dynamic support. If the price remains above this line, it is a good sign of long-term support.
3. **Candlestick Patterns**:
- The presence of bullish reversal patterns (such as Hammer and Morning Star) suggests a possible trend reversal if confirmed.
### Price Forecast
- **Short Term**: Price may continue to test current support around 11.95. If there is a bullish pattern forming and breaking nearby resistance (e.g. above 12.00), it may indicate an upward movement.
- **Medium Term**: If the price breaks and sustains above the 1.618 Fibonacci level (14.47), the price is likely to reach 16.26.
- **Long Term**: Keep an eye on the 200-period moving average for signs of strong support. If the price remains above this average, long-term sentiment remains positive.
See original
Possibility of the price of $ZEN (Horizen/TetherUS) rising based on the chart, we can consider several technical factors:
1. **Fibonacci Levels**: The Fibonacci levels indicated on the chart can provide possible resistance and support levels. The relevant levels on the chart are:
- 0.786 (12.98)
- 0.618 (12.68)
- 0.5 (12.46)
2. **Pattern Indicators**: The pattern table on the chart shows a variety of bullish and bearish candlestick patterns with their respective alignment percentages. Here are some that are relevant:
- Bullish patterns like Hammer (60.50%) and Bullish Engulfing (55.60%) suggest bullish potential.
- Bearish patterns such as Bear Engulfing (50.89%) and Shooting Star (54.85%) indicate selling pressure.
3. **SuperTrend**: The SuperTrend lines show a possible support zone in the 11.57 region. If the price remains above this zone, there may be a chance for recovery.
4. **RSI Divergence Indicator**: The RSI divergence indicator, if showing bullish divergence (not visible directly in the image), may suggest a potential bullish reversal.
### Possible Price Movement
- **Support**: Main support is around 11.57. If the price remains above this level, it is possible that it will see a recovery.
- **Resistances**: The main resistances to be observed are:
- 12.46 (0.5 Fibonacci Level)
- 12.68 (Fibonacci Level of 0.618)
- 12.98 (Fibonacci Level of 0.786)
### Conclusion
If the price holds above the 11.57 support and breaks the aforementioned resistances, it is possible that the price could rise to around 12.98. However, it is crucial to monitor candlestick patterns and volume behavior to confirm direction.
1. **Fibonacci Levels**: The Fibonacci levels indicated on the chart can provide possible resistance and support levels. The relevant levels on the chart are:
- 0.786 (12.98)
- 0.618 (12.68)
- 0.5 (12.46)
2. **Pattern Indicators**: The pattern table on the chart shows a variety of bullish and bearish candlestick patterns with their respective alignment percentages. Here are some that are relevant:
- Bullish patterns like Hammer (60.50%) and Bullish Engulfing (55.60%) suggest bullish potential.
- Bearish patterns such as Bear Engulfing (50.89%) and Shooting Star (54.85%) indicate selling pressure.
3. **SuperTrend**: The SuperTrend lines show a possible support zone in the 11.57 region. If the price remains above this zone, there may be a chance for recovery.
4. **RSI Divergence Indicator**: The RSI divergence indicator, if showing bullish divergence (not visible directly in the image), may suggest a potential bullish reversal.
### Possible Price Movement
- **Support**: Main support is around 11.57. If the price remains above this level, it is possible that it will see a recovery.
- **Resistances**: The main resistances to be observed are:
- 12.46 (0.5 Fibonacci Level)
- 12.68 (Fibonacci Level of 0.618)
- 12.98 (Fibonacci Level of 0.786)
### Conclusion
If the price holds above the 11.57 support and breaks the aforementioned resistances, it is possible that the price could rise to around 12.98. However, it is crucial to monitor candlestick patterns and volume behavior to confirm direction.
Breaking Barriers with ASI's ($FET ) Decentralized Model
The ASI Alliance - formed by @Fetch.ai _ai @Ocean Protocol & @SingularityNET - aims to revolutionize AI development through a decentralized model.
This approach dismantles traditional barrires to entry, innovation, and competition by fostering a more open and collaborative environment.
By integrating the strengths of its member organizations, the Alliance creates a synergistic ecosystem where diverse participants can contribute and benefit from AI advancements without centralized control.
Leveraging Fetch's AI-powered agents, SingularityNET's AI service platform, and Ocean Protocol's secure data exchange, the ASI Alliance promotes continuous innovation and shared development.
Its participatory governance model ensures broad stakeholder involvement, aligning AI advancements with the interests of a wide range of contributors. Furthermore, the unified ASI token incentivizes participation, creating a robust economic foundation for AI research and development.
By democratizing access to AI technologies and encouraging collaborative innovation, the ASI Alliance challenges the dominance of centralized AI models, presenting a viable and superior alternative that fosters a more equitable and competitive AI landscape.
The ASI Alliance - formed by @Fetch.ai _ai @Ocean Protocol & @SingularityNET - aims to revolutionize AI development through a decentralized model.
This approach dismantles traditional barrires to entry, innovation, and competition by fostering a more open and collaborative environment.
By integrating the strengths of its member organizations, the Alliance creates a synergistic ecosystem where diverse participants can contribute and benefit from AI advancements without centralized control.
Leveraging Fetch's AI-powered agents, SingularityNET's AI service platform, and Ocean Protocol's secure data exchange, the ASI Alliance promotes continuous innovation and shared development.
Its participatory governance model ensures broad stakeholder involvement, aligning AI advancements with the interests of a wide range of contributors. Furthermore, the unified ASI token incentivizes participation, creating a robust economic foundation for AI research and development.
By democratizing access to AI technologies and encouraging collaborative innovation, the ASI Alliance challenges the dominance of centralized AI models, presenting a viable and superior alternative that fosters a more equitable and competitive AI landscape.
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BULLISH FLAG TO $TRU /USDT!!
This pattern usually indicates a continuation of the uptrend, which is preceded by a strong upward movement (the flagpole), followed by a downward-sloping rectangle-shaped consolidation (the flagpole).
Here are some points that can be noted:
1. **Previous Uptrend**: The chart shows significant upward movement, suggesting strong initial buying pressure.
2. **Flag Formation**: There is a period of consolidation with lower tops and bottoms, which can be seen as a downward-sloping flag.
3. **Fibonacci Levels**: The price is testing important Fibonacci levels, which can serve as support or resistance.
### What could happen in the next 12 hours:
1. **Breaking the Up Flag**: If the price breaks the flag's upper trendline with volume, it would confirm the bullish continuation pattern. In this case, we would expect an upward movement that is equivalent to the height of the flagpole projected from the breakout point.
2. **Rejection and Consolidation**: If the price fails to break the flag resistance, it may continue consolidating within the pattern for a while longer.
3. **Break Down**: A break below the flag support line could invalidate the pattern and indicate a reversal or deeper correction period.
### Signs to Watch Out for:
- **Volume**: An increase in volume during the breakout would be a confirmation signal for the continuation of the rally.
- **Momentum Indicators**: Tools such as RSI (Relative Strength Index) and MACD (Moving Average Convergence and Divergence) can help confirm the strength of the trend.
Project the Price Target:
• Price Target = Breakout Point + Flagpole Height.
• Price target = $0.1402 + $0.0262 = $0.1664.
This pattern usually indicates a continuation of the uptrend, which is preceded by a strong upward movement (the flagpole), followed by a downward-sloping rectangle-shaped consolidation (the flagpole).
Here are some points that can be noted:
1. **Previous Uptrend**: The chart shows significant upward movement, suggesting strong initial buying pressure.
2. **Flag Formation**: There is a period of consolidation with lower tops and bottoms, which can be seen as a downward-sloping flag.
3. **Fibonacci Levels**: The price is testing important Fibonacci levels, which can serve as support or resistance.
### What could happen in the next 12 hours:
1. **Breaking the Up Flag**: If the price breaks the flag's upper trendline with volume, it would confirm the bullish continuation pattern. In this case, we would expect an upward movement that is equivalent to the height of the flagpole projected from the breakout point.
2. **Rejection and Consolidation**: If the price fails to break the flag resistance, it may continue consolidating within the pattern for a while longer.
3. **Break Down**: A break below the flag support line could invalidate the pattern and indicate a reversal or deeper correction period.
### Signs to Watch Out for:
- **Volume**: An increase in volume during the breakout would be a confirmation signal for the continuation of the rally.
- **Momentum Indicators**: Tools such as RSI (Relative Strength Index) and MACD (Moving Average Convergence and Divergence) can help confirm the strength of the trend.
Project the Price Target:
• Price Target = Breakout Point + Flagpole Height.
• Price target = $0.1402 + $0.0262 = $0.1664.
See original
Based on the new TrueFi chart image ($TRU /USDT) on a 1-hour timeframe, we can analyze the possible scenarios for future price movement:
1. **High Continuation Scenario**:
- **Support Confirmation**: The price appears to have found support around 0.1420, as indicated by the green line. If the price manages to remain above this level, there is a good chance of the rally continuing.
- **Resistance Target**: The next resistance level is near 0.1460, as indicated by the top line of the chart. If the price breaks this resistance, it could continue rising to 0.1500 or higher.
2. **Correction Scenario**:
- **Rejection at Resistance**: If the price fails to break the resistance at 0.1460, there may be a correction. Support levels to watch are 0.1400 and 0.1380.
- **Selling Volume**: If there is an increase in selling volume, the price may fall below 0.1400, finding support at lower levels.
3. **Consolidation Scenario**:
- **Sideways Movement**: The price may consolidate between 0.1420 and 0.1460 before making a significant move. This scenario often occurs after sharp moves as the market decides the next direction.
- **Technical Indicators**: Monitoring indicators such as RSI and MACD can help identify buying or selling pressure during consolidation.
### Factors to Consider:
- **Trading Volume**: A significant increase in volume may indicate the strength of the upward or downward movement.
- **News and Events**: Any relevant news about TrueFi or the cryptocurrency market can influence price movement.
- **Additional Indicators**: Using other technical indicators, such as moving averages, MACD, and RSI, can provide additional confirmation about the direction of movement.
Therefore, possible scenarios for the TrueFi (TRU/USDT) chart in the coming hours include a bullish continuation if support at 0.1420.
1. **High Continuation Scenario**:
- **Support Confirmation**: The price appears to have found support around 0.1420, as indicated by the green line. If the price manages to remain above this level, there is a good chance of the rally continuing.
- **Resistance Target**: The next resistance level is near 0.1460, as indicated by the top line of the chart. If the price breaks this resistance, it could continue rising to 0.1500 or higher.
2. **Correction Scenario**:
- **Rejection at Resistance**: If the price fails to break the resistance at 0.1460, there may be a correction. Support levels to watch are 0.1400 and 0.1380.
- **Selling Volume**: If there is an increase in selling volume, the price may fall below 0.1400, finding support at lower levels.
3. **Consolidation Scenario**:
- **Sideways Movement**: The price may consolidate between 0.1420 and 0.1460 before making a significant move. This scenario often occurs after sharp moves as the market decides the next direction.
- **Technical Indicators**: Monitoring indicators such as RSI and MACD can help identify buying or selling pressure during consolidation.
### Factors to Consider:
- **Trading Volume**: A significant increase in volume may indicate the strength of the upward or downward movement.
- **News and Events**: Any relevant news about TrueFi or the cryptocurrency market can influence price movement.
- **Additional Indicators**: Using other technical indicators, such as moving averages, MACD, and RSI, can provide additional confirmation about the direction of movement.
Therefore, possible scenarios for the TrueFi (TRU/USDT) chart in the coming hours include a bullish continuation if support at 0.1420.
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