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#CYBER
signal trade and results
$CYBER
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#US DOLLAR ANALYSIS The US dollar is currently facing rejection at the resistance trendline of a symmetrical triangle pattern while trading just above the support trendline, with the Ichimoku cloud providing additional support. A breakdown below the triangle and subsequent downward movement of the US dollar could trigger a bullish rally in the cryptocurrency market. To confirm the US dollar's next direction, it is crucial to wait for a definitive breakout or breakdown. Additionally, it is important to note that the US dollar often exhibits an inverse relationship with the cryptocurrency market.
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#CYBER signal trade and results $CYBER
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#WIF/USDT ANALYSIS WIF is consolidating within a descending channel and is currently rebounding from the horizontal demand zone and the channel's support trendline. The Ichimoku cloud is acting as resistance. A decisive breakout from the channel and the Ichimoku cloud would serve as a bullish confirmation. $WIF
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1INCH/USDT ANALYSIS 1INCH is currently rebounding from the horizontal demand zone within a descending triangle pattern. Both the 100MA and the Ichimoku Cloud are serving as resistance above this triangle. We should wait for a clear breakout or breakdown. A confirmed breakout would signal a bullish trend, whereas a breakdown would imply a bearish trend. $1INCH
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#BTC/USDT ANALYSIS Bitcoin has broken down from the descending triangle and is currently trading below it. The 200-day moving average is acting as resistance above the price action, suggesting further downward movement. However, if Bitcoin attempts a retest but instead breaks above the resistance of the 200MA, further consolidation within the triangle can be expected. A decisive breakout above the triangle would serve as a strong bullish confirmation.
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