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Will #CHR Bulls Step Up or Are We Facing a Breakdown?
Yello, traders! Can the #CHRUSDT bulls gather enough momentum to break out of the descending channel? Let's look at the latest analysis of the #Chromia:
šAfter a steady 5-6 month downtrend, $CHR is nearing a crucial decision point as it approaches a major demand zone at $0.1523. This level has historically triggered a bounce, but the question isācan the bulls seize this moment to spark a reversal and finally break out of the descending channel?
šFor #CHRUSDT to set the stage for a breakout, the bulls need to reclaim internal resistance at $0.242āa key level that once served as strong support but has now turned into a significant obstacle. A #breakouts here, particularly with rising trading volume and support from the 20 EMA, could signal a shift in momentum, paving the way for a rally to the next major resistance.
šHowever, if the bulls fail to maintain upward pressure, we could see a #pullback to that critical demand zone at $0.1523, potentially retesting the recent breakout point. Failure to hold this level may lead to a slide toward the $0.124-$0.134 range.
šThe real danger, however, lies at $0.124. If this #support level does not hold, bears are likely to take back control, potentially initiating a deeper correction and deflating any hopes for a short-term bullish recovery.
Stay focused, patient, and disciplined, tradersš„
$CHR
šAfter a steady 5-6 month downtrend, $CHR is nearing a crucial decision point as it approaches a major demand zone at $0.1523. This level has historically triggered a bounce, but the question isācan the bulls seize this moment to spark a reversal and finally break out of the descending channel?
šFor #CHRUSDT to set the stage for a breakout, the bulls need to reclaim internal resistance at $0.242āa key level that once served as strong support but has now turned into a significant obstacle. A #breakouts here, particularly with rising trading volume and support from the 20 EMA, could signal a shift in momentum, paving the way for a rally to the next major resistance.
šHowever, if the bulls fail to maintain upward pressure, we could see a #pullback to that critical demand zone at $0.1523, potentially retesting the recent breakout point. Failure to hold this level may lead to a slide toward the $0.124-$0.134 range.
šThe real danger, however, lies at $0.124. If this #support level does not hold, bears are likely to take back control, potentially initiating a deeper correction and deflating any hopes for a short-term bullish recovery.
Stay focused, patient, and disciplined, tradersš„
$CHR
Carroll Rosberg mE8c:
i was searching for u
šØTECHNICAL ANALYSIS OF $HOT šØ
The price of $HOT has risen to 0.002173, marking a 8?48% gain and indicating a solid upward trend.
āRecent High and Market Sentiment
With a recent peak at 0.002175 and robust trading volume, $HOT is currently exhibiting bullish signals, which traders may want to monitor closely.
āPotential Breakout Levels
If the price breaks above 0.002220, it could trigger a new rally, with targets possibly extending toward 0.002261 and beyond.
āKey Support for Strategic Re-entry
In case the resistance holds, a #pullback to around 0.001964 might provide a strategic re-entry opportunity for buyers.
āWatch for Profitable Moves
This setup presents potential for profitable trades, whether in a breakout or retracement scenario. Keep an eye on the price movement for favorable entries.
The price of $HOT has risen to 0.002173, marking a 8?48% gain and indicating a solid upward trend.
āRecent High and Market Sentiment
With a recent peak at 0.002175 and robust trading volume, $HOT is currently exhibiting bullish signals, which traders may want to monitor closely.
āPotential Breakout Levels
If the price breaks above 0.002220, it could trigger a new rally, with targets possibly extending toward 0.002261 and beyond.
āKey Support for Strategic Re-entry
In case the resistance holds, a #pullback to around 0.001964 might provide a strategic re-entry opportunity for buyers.
āWatch for Profitable Moves
This setup presents potential for profitable trades, whether in a breakout or retracement scenario. Keep an eye on the price movement for favorable entries.
Daily CRYPTO NEWS recapšš„- 04.07.2024
ā¢Bitcoin falls below $58K first time in 2 months
On July 4, the price of Bitcoin briefly dipped to $57,874 on Coinbase, marking the first time it has fallen below $58,000 in over two months. This decline occurred as millions of dollars worth of leveraged long positions were liquidated, affecting traders who were anticipating a price increase. The broader pullback in Bitcoin's price is largely attributed to the upcoming repayments from the defunct Japanese crypto exchange Mt. Gox, which is set to begin distributing approximately $8.5 billion worth of BTC to its creditors in early July.
ā¢UK voters urge political parties to take a stand on Cryptocurrencies
As cryptocurrency dominates current U.S. political discussions, many UK residents feel it is missing from their countryās political discourse. Under Prime Minister Rishi Sunak, the UK government unveiled plans to develop a regulatory framework for digital assets and stablecoins. However, these plans were delayed when Sunak called a general election. That means no changes in near future...
ā¢German government offloads 900 $BTC in current pullback
The German government recently sold a significant portion of the Bitcoin confiscated from an illegal streaming platform. They offloaded 900 BTC at a market price of $60,000 each. Analysts have criticized this move as financially irresponsible, with many speculating that it was intended to further depress Bitcoin's price. Coincidentally, on the same day, the U.S. government also sold nearly 4,000 BTC.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #pullback #MtGoxJulyRepayments #UKGovernment
ā¢Bitcoin falls below $58K first time in 2 months
On July 4, the price of Bitcoin briefly dipped to $57,874 on Coinbase, marking the first time it has fallen below $58,000 in over two months. This decline occurred as millions of dollars worth of leveraged long positions were liquidated, affecting traders who were anticipating a price increase. The broader pullback in Bitcoin's price is largely attributed to the upcoming repayments from the defunct Japanese crypto exchange Mt. Gox, which is set to begin distributing approximately $8.5 billion worth of BTC to its creditors in early July.
ā¢UK voters urge political parties to take a stand on Cryptocurrencies
As cryptocurrency dominates current U.S. political discussions, many UK residents feel it is missing from their countryās political discourse. Under Prime Minister Rishi Sunak, the UK government unveiled plans to develop a regulatory framework for digital assets and stablecoins. However, these plans were delayed when Sunak called a general election. That means no changes in near future...
ā¢German government offloads 900 $BTC in current pullback
The German government recently sold a significant portion of the Bitcoin confiscated from an illegal streaming platform. They offloaded 900 BTC at a market price of $60,000 each. Analysts have criticized this move as financially irresponsible, with many speculating that it was intended to further depress Bitcoin's price. Coincidentally, on the same day, the U.S. government also sold nearly 4,000 BTC.
Stay tuned for more updates from MarMag! New posts coming soon :))
#NewsAboutCrypto #pullback #MtGoxJulyRepayments #UKGovernment
$BB Currently consolidating between $0.33 - $0.39
Once breakup, we will see higher levels soon
#BB LONG with size now is a good position imo
Once breakup, we will see higher levels soon
#BB LONG with size now is a good position imo
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Greetings guys. It's good to know you are ok in service time, this is frustrating plus I just lost $6,000 on the trader with quotex broker (recommendation). Give me some help, which is the best broker to do binary trading?
#DayTrading #loss #pullback #dica #BinanceTournament
#DayTrading #loss #pullback #dica #BinanceTournament
$ETH $BTC POSSIBLE CORRECTION
Following my post on the fact that DWF has been selling portdolio back to USDT, market seems to undergoing corection.
Do not $LONG here, wait for more confirmation. I do think pull back is happening !
#pullback #correction #FuturestradingSignals #careful #ETHETFS
Following my post on the fact that DWF has been selling portdolio back to USDT, market seems to undergoing corection.
Do not $LONG here, wait for more confirmation. I do think pull back is happening !
#pullback #correction #FuturestradingSignals #careful #ETHETFS