🟢 Pattern: W Double Bottom on 1D 💰 Current Price: $5.35 📈 Targets:
T1: $5.50
T2: $5.80
T3: $6.00
T4: $7.00
🔍 Overview: TON is building a promising reversal structure, with potential upside targets as it tests the neckline. Monitoring volume and price action around these levels can provide further confirmation.
Bitcoin Hits $87,000, But Altcoins Stall Amid Meme Coin Craze on Binance
Bitcoin recently surged past $87,000, but altcoins haven’t followed suit, leaving investors puzzled. The reason? A meme coin frenzy, fueled by Binance listings, is diverting funds and attention from established altcoins. With new meme coins launching frequently, retail investors are drawn to the high-risk, high-reward potential of these tokens, keeping money from flowing into traditional altcoins.
While meme coins can offer quick profits, their speculative nature may eventually cool down, likely redirecting focus back to altcoins with strong fundamentals. For now, however, meme mania is overshadowing altcoin growth, even as Bitcoin continues to rally.
🟢 Pattern: W Double Bottom on 1D 💰 Current Price: $5.35 📈 Targets:
T1: $5.50
T2: $5.80
T3: $6.00
T4: $7.00
🔍 Overview: TON is building a promising reversal structure, with potential upside targets as it tests the neckline. Monitoring volume and price action around these levels can provide further confirmation.
The king of crypto, #Bitcoin, just smashed through the $86,000 mark, showing incredible strength in this bullish market! 📈 Many traders are celebrating as BTC continues to push the boundaries. With this new high, the question on everyone’s mind is: Where will BTC go next? 💸
Is it time to hold on tight for even bigger gains, or are we heading into a period of consolidation? 🤔 Drop your thoughts below! 👇
TRX Trade Signal Almost Near Hit Target 1676 Soon #TRX
LIVE
HAWK_CRYPTO
--
Bikovsko
The price perfectly fulfilled my last idea. It hit the target level.
TRXUSD
Long or Spot Buy 0.1600 Sell 0.1676
has been showing a bullish trend, consistently making higher lows and higher highs. Recently, the price pulled back from the resistance zone but found support at the psychological level of 0.1600. After that, the market dipped below the previous week's low to grab liquidity before continuing its upward movement. Given these factors, I believe the market may reach the recent resistance zone again. My goal is resistance zone around 0.1676 #TrxUstd #BTC☀
The current trade setup suggests the trader's attention has shifted away from the token as the bulls are failing to clear the resistance regardless of a substantial increase in the volume. One of the major reasons for the sluggish trend is the drop in spot trading activity. As per the recent update, Ethereum recently experienced a notable transformation, with over $750 million worth of ETH withdrawn from the major exchanges in just a week.
This trend suggests that many investors are opting for long-term holding rather than selling their assets. Having said that, here’s what to expect from the ETH price for the rest of 2024. The weekly chart of the ETH price suggests the token is consolidating heavily within a narrow range, along the support of the rising parallel channel. Besides, when the price appears to be heading towards the end of the consolidation, the Ichimoku cloud has flipped into a bearish trend.
This may send bearish waves across the markets but the MACD suggests a drop in selling pressure. Moreover, the levels are heading towards a bullish crossover, hence suggesting an extension of a consolidated phase.
The Ethereum price, which formed a new ATH along with Bitcoin in 2021 and also in early 2024, appears to have failed to gain the required momentum. However, the liquidity flow from Bitcoin usually flows into ETH and hence the token is believed to demonstrate huge moves only after the star crypto marks new highs.
1. **Immediate Resistance Target**: Holding above **$85** with momentum could push $TRB toward **$95-$100**. This range is often a key psychological level and might see some selling pressure.
2. **Breakout Target**: If $TRB breaks **$100** on high volume, expect a re-test of **$110**. Sustained buying could then carry it further to around **$120**, where fresh resistance may emerge.
3. **Downside Support**: If $TRB drops below **$85**, a retracement could bring it down to **$80** (near the EMA 7) or even **$70** at the next major support level before any potential rebound.
The price perfectly fulfilled my last idea. It hit the target level.
TRXUSD
Long or Spot Buy 0.1600 Sell 0.1676
has been showing a bullish trend, consistently making higher lows and higher highs. Recently, the price pulled back from the resistance zone but found support at the psychological level of 0.1600. After that, the market dipped below the previous week's low to grab liquidity before continuing its upward movement. Given these factors, I believe the market may reach the recent resistance zone again. My goal is resistance zone around 0.1676 #TrxUstd #BTC☀
The current trade setup suggests the trader's attention has shifted away from the token as the bulls are failing to clear the resistance regardless of a substantial increase in the volume. One of the major reasons for the sluggish trend is the drop in spot trading activity. As per the recent update, Ethereum recently experienced a notable transformation, with over $750 million worth of ETH withdrawn from the major exchanges in just a week.
This trend suggests that many investors are opting for long-term holding rather than selling their assets. Having said that, here’s what to expect from the ETH price for the rest of 2024. The weekly chart of the ETH price suggests the token is consolidating heavily within a narrow range, along the support of the rising parallel channel. Besides, when the price appears to be heading towards the end of the consolidation, the Ichimoku cloud has flipped into a bearish trend.
This may send bearish waves across the markets but the MACD suggests a drop in selling pressure. Moreover, the levels are heading towards a bullish crossover, hence suggesting an extension of a consolidated phase.
The Ethereum price, which formed a new ATH along with Bitcoin in 2021 and also in early 2024, appears to have failed to gain the required momentum. However, the liquidity flow from Bitcoin usually flows into ETH and hence the token is believed to demonstrate huge moves only after the star crypto marks new highs.
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