NEWS FLASH: A bill to eliminate all taxes on incomes, proper | Crypto JK on Binance Square

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NEWS FLASH: A bill to eliminate all taxes on incomes, property and capital gains for tech innovation has been officially signed 🇸🇻#ElSalvador President Nayib Bukele.

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$SPELL M30 Bullish Idea. Potential descending triangle breakout here as market bounced off the support zone from the earlier dip. A breakout could lead towards POC break, and eventually a golden zone entry to potentially test VAH strength. A swing target here could be towards the 200% extended Fib level. MACD also showing a probable GX here, but still waiting for the median bullish crossover to solidify the bullish bias. Invalidation here would be a breakdown from the POC and support zone.

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$SAGA D1 Bullish Idea. Market bouncing off the 62% Fib level of the uptrend measurement, and is now looming on a 24% Fib level reentry. The recent attempt of a surge has seen a rejection off the 50% Fib level of the downtrend measurement, but currently market has been anchored by bullish NT. Price could reverse at this point, where uptrend could create an EMA GX that would push price above the D1 EMA200 and test for a possible VAH breakout. If the above-mentioned breakout does happen, the chances of creating a new local high could increase and we could possibly see it revisit the $4 zone once again. In case of a breakdown of the triangle, invalidate this bias as price could fall towards the POC currently valued at $1.3303 as of this posting.

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Total Crypto Market 24H Liquidation (11/16/2024, 11:24 AM UTC+10) 🔴LONGS: $183.15M 🟢SHORTS: $176.84M A total of 128,278 traders got liquidated, resulting in total liquidations amounting to $359.99M. Notably, the largest single liquidation order, valued at $5.50M, occurred on Bitmex for #XBT/USD.

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$GRASS H4 Bullish Idea Update. I got a breakdown on the symmetrical triangle pattern I previously drew as price went on a -13.05% decline, but it bounced off the 50% of the Bu-OB, which is also a bearish pivot for me. I included this lower trendline now which could be a retest point for this current bounce trend, wherein market could try and mitigate the recently created Be-OB. In the event it does mitigate successfully, price will find itself trading above $3 zone again and could go on to try and enter the Fib golden zone. Eyes on a sustained trading above $2.6924 as it will signify a VAH break. Signal line has made a bearish crossover, but the weakened sell volume bar is still giving hope for a potential bounce here, as MACD looks curving up for a probable GX soon if bullish momentum continues. Still aiming for a swing target towards the 200% extended Fib level.

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$PNUT H4 Bullish Idea. Took a -37.42% correction already since yesterday's peak towards a new ATH. Left side Fib measurement of the overall uptrend is currently showing market is touching its 38% level, wherein if a bounce from this point happens means correction is done and it is ready to continue its bullish momentum. If a reversal is imminent, I look towards the current downtrend's right side Fib measurement and consider the 162% extended level as a probable target for market to finally record a new ATH above $3 zone. VAH also playing as support right now, but a breakdown could lead towards the lower FVG filling, which in turn could highly invalidate my sentiment.

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