$ETH Forming a range between orange support and green resis | Eternel insatisfait na Binance Square

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Eternel insatisfait

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$ETH
Forming a range between orange support and green resistance
Since #BTC    broke out from its own Re-Accumulation Range...
Perhaps #ETH should be next
#fomo
#sbf
#linea
#pol

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Eternel insatisfait

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#BTC    Bitcoin broke the black resistance, invalidated the orange Lower High, and rallied towards the blue resistance at ~$60600 Most important thing now is for Bitcoin to manage to reclaim the blue level as support going into the new Weekly Candle Close $BTC #Crypto #Bitcoin   

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#BTC    There's the rebound Bitcoin needed and price is now challenging that Lower High resistance again Bitcoin needs to Daily Close above $58350 (black) to break the Lower High and more importantly - position itself for a rally to $60600 (blue) $BTC #Crypto #Bitcoin   

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#BTC    Every time Bitcoin tried to challenge the Downtrend for a breakout recently - it got rejected Bitcoin is on the cusp of another Downtrend challenge Can Bitcoin do it this time? $BTC #Crypto #Bitcoin   

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#Altcoins are oversold, while ETH/BTC is still holding strong. The next leg up is going to catch many people off guard

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$𝟭𝟲,𝟬𝟬𝟬,𝟬𝟬𝟬,𝟬𝟬𝟬 𝗜𝗡 𝗦𝗧𝗔𝗕𝗟𝗘𝗖𝗢𝗜𝗡 𝗟𝗜𝗤𝗨𝗜𝗗𝗜𝗧𝗬 𝗪𝗜𝗟𝗟 𝗘𝗡𝗧𝗘𝗥 𝗧𝗛𝗘 𝗠𝗔𝗥𝗞𝗘𝗧 🚨 PEOPLE ARE WORRIED ABOUT MT. GOX DUMP AND THE OTHER BEARISH FACTORS, BUT THERE'S SOMETHING THAT WILL TAKE THE CRYPTO MARKET TO NEW HIGHS. THE FTX IS PLANNING TO DISTRIBUTE MORE THAN $16 BILLION TO ITS CREDITORS HERE'S THE TIMELINE 👇 ➜ AUGUST 16: VOTING DEADLINE FOR FTX CUSTOMERS ➜ OCTOBER 7: JUDGE DORSEY’S DECISION ON PLAN APPROVAL IF THE COURT APPROVES, FTX WILL REIMBURSE CREDITORS WITHIN TWO MONTHS. AS PER THE TIMELINE, THIS'LL OCCUR IN Q4 2024 TO Q1 2025. THIS PERFECTLY MATCHES WITH OTHER BULLISH FACTORS LIKE RATE CUTS, FASB ACCOUNTING RULE IMPLEMENTATION, AND US ELECTION RESULTS. GIVEN THAT MOST OF THE FTX CUSTOMERS WERE CRYPTO BROS, A HUGE CHUNK OF $16 BILLION WILL ENTER THE CRYPTO MARKET THIS WILL BE THE BIGGEST CATALYST FOR HIGHER PRICES.

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