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The last 2 days were bearish in many coins, one of the big losers was $NOT coin. after a bullish trend exceeding many resistances/ pivots and achieving the resistance level of 0.01213 which represent buy stops or buy side liquidity and exceeding it 3 times with the higher level recorded at 0.01231, we were in the preparation of a reversal trend after a break in market structure or swing low formed.

This severe bearish trend controlled by whales met the arresting of the boss of telegram which supported the launch of the $NOT coin operated on the TON blockchain. we can see that the $TON coin was also severely affected.

Also, the traders community started to talk a lot about this coinafter its big and historical performance which has been aligned with the bullish trend of $BTC .

In my opinion, I expect a pullback in 0.00830 and change of the trend which will be a sell stop for many traders and a buy side liquidity. If this assumption is not met, the bearish trend will continue, and it could be influenced by the evolution of the story of telegram CEO.

This is my own analysis and not a trading strategy to be followed. Please DYOR.

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#MarketDownturn

The memecoin $PEOPLE (Constitution DAO) has shown strong progress since the beginning of June, and the bullish trend seems to continue. After a slight correction on Sunday morning, it is now rising sharply compared to the overall crypto market. Despite the current high price, applying the Fibonacci retracement shows that it is not in a buying zone but continues to follow its upward trajectory.

On the 1-hour chart, using Ichimoku, we can see that it has taken the SSB as support for a rebound. The RSI is progressing on the 1-hour chart, having exited the oversold zone. This SSB corresponds to the 0.38 Fibonacci retracement level. On the 4-hour chart, the selling pressure seems to be slowing down, indicating a potential buying reversal for this token.

The downward trend appears to be slowing, taking a bit more time to confirm the trend change. We observe that the trading volumes are turning green again, suggesting that $PEOPLE is poised to climb back to the 0.236 Fibonacci retracement level. If this trend continues, it may soon reach its all-time high and maintain its upward momentum.

However, it's essential to note that this token is extremely volatile. With a market capitalization of $632 million, prices can still be quite manipulable. Large buys or sells by whales can cause significant price movements. Nevertheless, there is an underlying trend indicating that this token has substantial momentum.

It is advisable to monitor the RSI on the 1-hour and 4-hour charts to identify interesting rebound opportunities for this token, which is making a surprisingly strong upward run.

#PEOPLE #ConstitutionDAO #TechnicalAnalysis #tradingsignals #Ichimoku

$ALT

Market is near to touch the H4 OB & it will definitely pump from this point

In case if it goes down and do the breakdown of the order block do it will just want to grab liquidity which is below at "Range Low".

#trading #tradingsignals #cryptomarket #cryptoupdates #chartanalysis