$FXS IS AT ITS DEPTHS AND HOLDING ITS NEW LOW! A BREWING NEW MAJOR SUPPORT
With all of the purchasing mood surrounding those depths, the new main support that has kept FXS is now keeping FXS at a high position. The majority of buyers will accept extremely high order volumes in this zone, which is already regarded as oversold.
How then do we react to it?
Given the potential for FXS to establish 1.52-1.74 as a new significant support, this will be a highly regarded sector where all traders will build up. We can observe a strong impulsive movement to test the prior main support it once held after the installation of this new one. As a result, there will be a great deal of respect for this low price because it is thought to be undervalued. It is reasonable to think that a lot of people will view this as a chance to generate enormous waves of long positions. Currently, since the testing that was place at 2.38 was feasible. There will undoubtedly be another attempt to breach this retest level, giving FXS the chance to return to the price level where it was previously maintained.
$MEME ACCUMULATION AND POSSIBLE TAKEOFF COMING QUICKLY?
Therefore, you're in the proper place if you're looking for a detailed analysis of MEME.
This is the reason.
Following its original release, MEME had an immediate boom in popularity, which was fueled by the surrounding community. Currently, at its most recent ATH of 0.05632. Some people still wish to have the price markup in place. Like the majority of cryptocurrencies, this one has gone through phases of collection and markup. It is reasonable to predict that MEME will experience both higher lows and longer-term highs. In this manner, the accumulation process is proceeding. Since we are confident in the patterns that emerge for any accumulation, whether it be short-term or long-term, we can have a better idea of where the price will go. Since this altcoin was unable to break this new support it built, the best method to participate in its potential rise would be to watch it carefully for a potential breakout.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.