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#ORDIUSDT is moving in a downward channel in the daily and 4H time frames. At present, according to the downward behavior and structure, the price correction can be continued to $13.00 . If the price is face selling pressure in response to the supply, first, the price will be corrected to $20 . If the price can break the dynamic resistance range and stabilize above it, it can navigate the specified movement path and move up to the ceiling of the descending channel. $ORDI #freesignal #CPI_BTC_Watch #US_Job_Market_Slowdown #Ethereum_ETFs_Expected_Date
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How do candlestick charts work? The following price points are needed to create each candlestick: Open — The first recorded trading price of the asset within that particular timeframe. High — The highest recorded trading price of the asset within that particular timeframe. Low — The lowest recorded trading price of the asset within that particular timeframe. Close — The last recorded trading price of the asset within that particular timeframe. •Collectively, this data set is often referred to as the OHLC values. The relationship between the open, high, low, and close determines how the candlestick looks. •The distance between the open and close is referred to as the body, while the distance between the body and the high/low is referred to as the wick or shadow. The distance between the high and low of the candle is called the range of the candlestick. #LearnAndGrow #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #SOFR_Spike #US_Job_Market_Slowdown
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JICYMI: CPI June Summary Data CPI-U for June 2024 fell 0.1% MoM, up 3.0% YoY. Gasoline dropped 3.8%, food rose 0.2%. Energy fell 2.0% in June, up 1.0% over the year. Excluding food and energy, CPI-U rose 0.1% monthly, 3.3% yearly. FOMC EOM expectations: 91.2% pause; 8.8% cut. #CPI_BTC_Watch #SOFR_Spike #US_Job_Market_Slowdown #Ethereum_ETFs_Expected_Date #VanEck_SOL_ETFS
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After reaching the price of $5.8 , $GAL has experienced more than 50% correction. The $1.7-$1.6 level supported the price well and brought the price back from $1.680 to $2.980. The price has now re-entered the descending channel and recorded recent bullish and very strong candles. Therefore, the possibility of continued growth at least up to the ceiling of the channel and passing $3 is high. #freesignal #US_Job_Market_Slowdown #SOFR_Spike #Megadrop #cryptoanalysis
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#INJUSDT has been trading within a well-defined descending channel on the daily timeframe, with the price consistently respecting the trendlines. INJ is poised to challenge the descending resistance of the channel. A potential breakout and retest of the Bullish (around $28.50 - 31.00 could be on the horizon. This area is packed with liquidity and could propel price towards a breakout. If $INJ can break above the descending resistance, supported by the liquidity at $31.00 , we could see a strong bullish move toward the major resistance zone around $45.00 . Should the current resistance hold, we might see a retest of the key support level at $15.40. This retest could provide the necessary rally for a breakout. #freesignal #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #SOFR_Spike
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