đŠ BITCOIN 1-YEAR OVERVIEW
All the charts of financial assets, especially high time-frames, can be perfectly described by Fibonacci Retracement. This helps when we are trying to make long-term forecasts.
The whole 2022 was sacrificed to a 1-3 Elliott Waves correction from $50,000 to $16,000 (0 point by Fibo). The whole 2023 was just an accumulation phase.
đ 2024 is about a growth, but how high can Bitcoin go? It has already completed 1 and 2 waves of 1-5 Elliott Waves trend movement, the next one should send us to $90,000 which perfectly correlates with 0.786 level by Fibo.
At this point some consolidation usually takes place. It can also be seen on the chart. The final of the 5th wave should be around $110,000 - $120,000 and happen next year.
$BTC #DYOR
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Dogecoin Price Analysis
Dogecoin ($DOGE ) recently turned down from the 50-day simple moving average (SMA) at $0.11, indicating that bears are selling during rallies.
To improve the chances of a breakout above the downtrend line, buyers need to defend the 20-day exponential moving average (EMA) at $0.11. A successful break and close above the falling wedge pattern would suggest a trend reversal, potentially leading to a new uptrend toward $0.14 and eventually $0.18.
Conversely, if the price drops below the 20-day EMA, it would suggest the pair may continue to trade within the wedge. In this scenario, bears might push the price down to $0.09, where buying interest is expected to emerge.
#Market_Update #CryptoNewss #dogeâĄ
**Ufunded.com Integrates TradingView, Enhancing User Experience**
Dubai, United Arab Emirates, August 26th, 2024, FinanceWire â Ufunded.com, the pioneering trading platform offering instant funding to users, has announced a significant integration with TradingView. This move aligns with Ufunded.com's commitment to product-led growth and TradingView's mission to empower traders, boasting a user base exceeding 60 million.
The integration allows Ufunded.com users to utilize TradingView's advanced charting tools, facilitating seamless technical analysis and trade execution. The platform now supports multi-charting, 14+ chart types, 20+ timeframes, 90+ drawing tools, and 100+ pre-built indicators. Users can manage positions through TradingView's Account Manager, with trades reflecting instantaneously in Ufunded.com's performance dashboard and trading journal.
Ufunded.com continues to prioritize user feedback, integrating features based on suggestions and votes from its user base. The platform's data feed, powered by Cboe, ensures real-time market quotes for over 1000 stocks, major forex pairs, commodities, and metals. This integration underscores Ufunded.com's dedication to empowering traders through innovative tools and reliable data.
The recent establishment of Ufunded.com's headquarters, housing anomaly traders and strategic subsidiaries, further solidifies its long-term vision of leading the funded trading platform market. Ufunded.com leverages machine learning, deep learning, and AI to enhance trading performance, accessible exclusively through select trading communities.
đš Binance Issues Toncoin (TON) Network
Update: What You Need to Knowđš
đ Important Alert for TON Holders!đ
Binance, one of the worldâs leading cryptocurrency exchanges, has issued a critical update regarding the ongoing network upgrade for Toncoin (TON). If youâre a $TON holder, hereâs what you need to know:
âïž Upgrade Delays Due to Technical Challenges
In a recent tweet, Binance acknowledged that the TON network upgrade is taking longer than expected due to unforeseen technical issues. While specific details werenât disclosed, Binance assured users that their technical team is working diligently to resolve the situation and restore full service as quickly as possible.
đ ïž Binanceâs Commitment to Excellence
"Service Update: Our TON network upgrade is taking longer than expected due to unforeseen issues. Rest assured, our team is working diligently to restore normal service as quickly as possible. Thank you for your understanding!"
â Binance (@binance) August 26, 2024
đ Stay Informed, Stay Confident
Although this delay may be concerning, Binanceâs swift communication and commitment to resolving the issue demonstrate their dedication to maintaining service reliability. As always, keeping your assets secure and informed remains a top priority.
đŹ Your Thoughts?
How do you feel about the ongoing network upgrade? Letâs discuss in the comments below and stay connected for the latest updates! đ
#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole
XRP Price Analysis
$XRP recently retreated from the $0.64 resistance level on August 24, indicating strong bearish defense at this level.Key support levels to watch are the 20-day exponential moving average (EMA) at $0.58 and the 50-day simple moving average (SMA) at $0.56. If the price rebounds from these moving averages, it will signal that bulls are buying the dips, potentially leading to another attempt to overcome the $0.64 resistance. A successful break above $0.64 could drive the XRP/USDT pair towards $0.74.Conversely, if the price declines and falls below $0.54, it would suggest that bearish pressure is prevailing, potentially keeping the pair within the $0.41 to $0.64 range for a few more days.
#Market_Update #CryptoNewss #XRP_ETF
Big Investors Are Eyeing These Tokens: LTC, ETH, and MATIC
Last week, the crypto market grew by 4%, drawing the attention of large investors to Litecoin (LTC), Ethereum (ETH), and Polygon (MATIC). Whale activity in these tokens suggests a potential price surge based on historical trends.
Polygon $MATIC
Polygon (MATIC) became a focal point for whales this week as the community prepares for the upcoming migration to POL, set for September 4. Anticipation of this event has fueled a 33% price increase, making MATIC the top-performing asset among the top 100 cryptocurrencies over the past week. The surge in price has led to a notable increase in whale activity, with the number of addresses holding between 1 million and 100 billion MATIC reaching a one-month high of 316.
Litecoin $LTC
Litecoin (LTC) experienced a significant rise in whale activity, with net inflows from large holders increasing by 141% last week, per IntoTheBlock data. These large holders, controlling over 0.1% of LTCâs supply, are showing growing optimism. Currently trading at $64.08, continued accumulation could drive LTC's price above $70, potentially reaching $73.87.
Ethereum $ETH
Ethereum (ETH) whales have been quietly accumulating, even as the token faces strong resistance around the $2,700 price level. Data from Sentiment shows that the number of addresses holding between 10,000 and 100,000 ETH has reached 1,008, marking the highest level in a month. This steady accumulation suggests that large holders remain bullish on Ethereumâs long-term prospects, despite the tokenâs relatively stagnant performance in recent days.
These developments highlight the strategic moves of whales, whose actions often serve as early indicators of potential market shifts. As they accumulate these assets, it could signal the start of a new bullish phase for LTC, ETH, and MATIC.
Disclaimer:
Research Yourself before investing, use only risk-worthy funds, and take full responsibility for your decisions.
#etherreum #MATICâ
#LitecoinUpdate #thaksbuddy
đš$DOGS Price Prediction + Strategy
[CLICK & VOTE](https://app.binance.com/uni-qr/cpro/RoYoK?l=es-LA&r=37675060&uc=app_square_share_link&us=copylink)
đ¶ With DOGS token listing on Binance today, August 26, 2024, let's break down likely scenarios based on current market dynamics and tokenomics:
Initial Price Action:
đ°Expected Peak: The price of DOGS is anticipated to surge to around $0.001 in the first minutes after listing.
Liquidity Insights:
đ°Liquidity Pool: At 5.45%, DOGS has a relatively high liquidity pool compared to many new tokens. This should help in maintaining price stability and avoiding extreme volatility, but be cautious of potential market manipulation due to the high airdrop percentage.
Price Scenarios:
đConservative Estimate: - Market Cap: $800 million - $1 billion - Price Range: Between $0.0014 and $0.0018. This range considers initial market enthusiasm and typical post-listing corrections.
đAmbitious Scenario: - Initial Price: Potentially reaching $0.01 if the market cap hits around $5.15 billion. This ambitious target will depend heavily on community support, sustained market interest, and broader cryptocurrency trends.
Strategy Recommendations:
1ïžâŁInitial Sell Opportunity: If you receive DOGS tokens from airdrops, consider selling them in the initial minutes to capitalize on the early peak.
2ïžâŁMonitor Additional Listings: Keep an eye out for listings on other exchanges, as they might drive further price increases.
[VOTE here for my Profile Feed](https://app.binance.com/uni-qr/cpro/RoYoK?l=es-LA&r=37675060&uc=app_square_share_link&us=copylink)
Your vote is appreciated and helps in shaping the community discussion around DOGS
#MtGoxRepayments #BinanceLaunchpoolDOGS $DOGS
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Solana$SOL Price Analysis
Solana ($SOL ) broke and closed above the 50-day simple moving average (SMA) at $155 on August 24, indicating a reduction in selling pressure.
The 20-day exponential moving average (EMA) at $150 has started to rise, and the relative strength index (RSI) is in positive territory, suggesting that the path of least resistance is upward. If buyers push the price above $164, the SOL/USDT pair could gain momentum and move towards the overhead resistance at $186.
On the other hand, if the price declines and falls below the 20-day EMA, it would indicate increased bearish activity at higher levels, potentially leading to a drop to the $136 support level.
#Market_Update #SolanaUSTD #CryptoNewss
#BEAMX STRONG ANTICIPATION & MARKET APPRECIATION
Upon reviewing #BEAMX, we were able to identify the surrounding sentiment around it and it was extremely bullish as the support from 2023 at 0.010-0.011 was able to hold the price of this token. After the support was able to hold the price, we've highlighted the possible retracement levels along with the harmonic bat pattern. As it was able to move above the retest key level, we could also see the visible signs of weakening at 0.015-0.017. Albeit, the price still increased by 22.40% after the 0.013 key level.
Stay wise, trade cautiously.
{future}(BEAMXUSDT)
{future}(BTCUSDT)
{future}(BTCDOMUSDT)
#BinanceSquareCreatorAward
#BecomeCreator
#GAINERSPACK
$BTC $ETH $BNB
What's Next for $DOGS
{spot}(DOGSUSDT)
?
**Key Observations:**
* **Initial Price Surge**: DOGS/USDT has seen a substantial increase since its listing, rising 140.21% in the last 24 hours.
* **Trading Volume**: High trading activity is evident, with a 24-hour trading volume of 288.48M.
* **Order Book**: Thereâs a slight imbalance, with more bids than asks, indicating potential buying pressure.
* **Technical Indicators**: The SMA 9 (Simple Moving Average) is on the rise, reflecting growing trading activity.
**Potential Scenarios:**
* **Continued Upward Momentum**: If positive sentiment and buying pressure persist, DOGS could see further price increases, though the growth rate may slow as initial excitement fades.
* **Price Correction**: After such a sharp rise, some consolidation or a slight price correction may occur, presenting a buying opportunity for investors.
* **Market Volatility**: As with most newly listed cryptocurrencies, DOGS is likely to experience significant price fluctuations.
*BNB $BNB Price Analysis*
BNB recently turned down from the $600 level on August 23, indicating that bears are trying to maintain the price within the $460 to $635 range.
The BNB/USDT daily chart shows that the moving averages are likely to provide strong support. If the price rebounds sharply from the moving averages, it would suggest positive sentiment, with buyers stepping in during dips. In this scenario, the BNB/USDT pair could attempt to rally towards the key resistance at $635.
Conversely, if the price continues to decline and breaks below the moving averages, it would indicate that bulls have surrendered their position. This could lead the pair to drop towards the strong support zone between $495 and $460.
#Market_Update #BnbAth #bnb
đ Summary of cryptocurrencies news for August 26, 2024
[CLICK HERE FOR VOTE](https://app.binance.com/uni-qr/cpro/CryptoASHLEY81?l=en&r=126368200&uc=app_square_share_link&us=copylink)
1. Over $7,000,000,000 in BTC shorts will be liquidated at a price of $70,500âïž
2. The probability that the Federal Reserve will cut interest rates by 25 basis points in September is 63.5% đœ
3. Former Heartland Tri-State Bank CEO sentenced to more than 24 years in prison for alleged $47 million cryptocurrency fraudâïž
4. Telegram responds to CEO arrest: Telegram abides by EU laws, audits comply with industry standards and continues to improve
5. Stimulated by meme transactions, Tronâs DEX transaction volume increased by 457% in the past weekđŽ
6. Justin Sun's team address has exchanged BTC worth $188 million for WBTCđ°
7. Possibly affected by related events, TON ecosystem meme coin Resistance Dog (REDO) rose by more than 130% in 24 hoursđȘ
8. Telegram Founder Parvel Durov's recent arrest in France has sparked widespread global support, all united in their protection of free speech and digital rights.âïž
9. Meme token Simon's Cat (CAT) market value exceeds US$250 million, up more than 46.5% in 24 hours
10. The market is bullish, but Bitcoin is still expected to fluctuate between $62,000 and $67,000 đ
11. đ„The trading volume of DOGS exceeded $530 million within two hours of its launch, the market value was temporarily at $618 million
$BTC #DYOR
{spot}(BTCUSDT)
Why You Shouldnât Rush to Sell $DOGS Right After Its CEX Listing đš
DOGS, the meme coin, has just been officially listed on Binance, according to a recent announcement from the exchange. While it may be tempting to sell immediately, holding off might be a wiser move.
For tokens that are distributed via airdrops, like DOGS or Notcoin (NOT), many investors tend to sell right after listing, hoping to lock in maximum value before prices drop. Historically, such coins often see a 3-5x decline in value due to mass selling. However, with DOGS, this strategy may not yield the best results.
Consider the case of Notcoin. When it listed on Binance, it initially traded at $0.00077 before skyrocketing to $0.037âa massive 48x increase. Though the price dropped to a low of $0.00452 within days, it eventually rebounded to around $0.01064 at the time of writing, representing a 2.3x gain from its lowest point. If you had sold NOT right after listing, you would have missed out on significant profits.
The outlook for DOGS could be even brighter. Hereâs why:
- DOGS secured listings on major exchanges without revealing its tokenomics.
- Unlike most tokens, DOGS doesnât have a lock-up or vesting period.
- DOGS enjoys strong community backing, including support from Telegram CEO Pavel Durov.
That said, itâs normal for DOGS to experience a sell-off phase post-listing, as seen with $NOT
To make the most of DOGS, consider selling your airdropped tokens gradually over 3-5 months. This approach helps you take advantage of market swings and ensures you donât miss out on potential growth with this meme coin.
#DOGSONBINANCE #TelegramCEO #BNBChainMemecoins
Ether Price Analysis
Ether recently turned down from the breakdown level of $2,850, suggesting that bears are trying to establish this level as a new resistance.
The ETH/USDT daily chart shows that if buyers can prevent the price from sustaining below the 20-day exponential moving average (EMA) at $2,717, it would indicate that dips are being bought. This could increase the chances of a rally above $2,850. A break and close above the 50-day simple moving average (SMA) at $2,971 would signal a potential end to the downtrend.
On the other hand, a sharp break below the 20-day EMA would suggest that bears are still in control, possibly leading the ETH/USDT pair to consolidate between $2,500 and $2,850 for a while longer.
#Market_Update #CryptoNewss