🚨 $SAGA is forming a Symmetrical Triangle Pattern on the 1H chart, which is typically a continuation pattern.
📈 Entry Point: CMP and Accumulating up to $1.4
🎯 Targets:
Midterm Goal: $1.80 Long Term Goal: $2.20 🔄 Trading Options: $SAGA is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $1.32.
📊 About $SAGA :
SAGA is a promising project in the crypto space, aiming to revolutionize transactions with its innovative technology. Their mission is to provide seamless and secure transactions across different networks.
🚨 $NFP forms a Bullish Reversal Pattern on the 2H chart, confirmed by a breakout above the trendline.
📈 Entry Point: Consider entering the trade around $0.2728.
🎯 Targets:
Midterm Goal: $0.3400 (approx. 24.6% increase)
Stop-loss at $0.2502
📊 About $NFP :
NFP is showing strong potential with its recent price action. It's a noteworthy project in the DeFi space, focusing on enhancing the efficiency and security of perpetual contracts on the Binance platform.
BTC closed the daily candle at $58,216, just below the resistance level.
A 20-30% drop is normal during a bull market. Handling these corrections can lead to a substantial rise soon. However, $58,300 and $60,000 are important resistance levels that need to be cleared.
Bitcoin has broken a crucial support level of around $56,500, now heading towards $54,400. 📉 A further drop might be imminent if it doesn't reclaim this support soon.
BTC needs to hold this important support level to avoid more downside pressure.
BTC is trading at $61,500, nearing a critical support level at $60,000. We have a rising trendline, the 200 EMA, and the lower trendline of this expanding triangle also acting as support.
After 7 consecutive days of outflows in Bitcoin ETFs, yesterday saw $31 million in inflows, which is positive for bulls.
In the long term, I am bullish on BTC. We may see some short-term corrections in price, potentially down to $54,000 in the worst case, but that will be the best time to buy BTC.
The funding rate is negative at -0.11%, which is a positive sign for bulls.
We’re witnessing a significant net outflow of around $140 million from Bitcoin ETFs. Investors are pulling their funds, prompting major providers like Fidelity to sell off Bitcoin to meet these withdrawals in USD. 📉
As I’ve been highlighting daily, this trend has persisted for the past 1-2 weeks. Expect short-term selling pressure and market fluctuations as a result. 📊
Stay informed and stay ahead. Follow for more updates! 🔔 #Bitcoin❗ #Crypto
Bitcoin is holding above the lower support trendline of an ascending triangle, hinting at a potential bounce. This is a crucial level BTC must maintain.
A breakout above the triangle would confirm a bullish trend. The Ichimoku Cloud is also providing strong support, adding to the bullish momentum.
However, a breakdown below this support trendline could signal a bearish trend.