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@cryptoscouts
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🔍Crypto Scouts team
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🔍Crypto Scouts team
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💰𝗖𝗢𝗜𝗡 : $YGG /USDT 🔮𝗧𝗬𝗣𝗘 : Futures 🔍Direction: 📉SHORT📉 📌𝗘𝗡𝗧𝗥𝗬 : $0.466 - $0.47 1 ⚖️𝗟𝗘𝗩𝗘𝗥𝗔𝗚𝗘 : 10x 🎯𝗧𝗔𝗥𝗚𝗘𝗧𝗦🎯 1️⃣ $0.4565 2️⃣ $0.4476
3️⃣ $0.4383
4️⃣ $0.4193
❗️𝗦𝗧𝗢𝗣𝗟𝗢𝗦𝗦 = 🔴$0.513🔴
⚠️ This post is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies is highly speculative and risky. Always do your own research ⚠️
🔍Crypto Scouts Team
#YGG #binance #Signal
3️⃣ $0.4383
4️⃣ $0.4193
❗️𝗦𝗧𝗢𝗣𝗟𝗢𝗦𝗦 = 🔴$0.513🔴
⚠️ This post is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies is highly speculative and risky. Always do your own research ⚠️
🔍Crypto Scouts Team
#YGG #binance #Signal
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THETA Bounces Off Key Supports: Testing Trend Line Resistance
Market overview
THETA price has shown signs of strengthening, bouncing off key support levels. These include the horizontal support zone and trend line, which provided the basis for this bounce.
Graph analysis
The chart shows that after the rebound, THETA encountered resistance at the trend line. To confirm the bullish trend, the price must break this trend line and successfully test it again. If the retest is successful, this may indicate further upward movement.
THETA price has shown signs of strengthening, bouncing off key support levels. These include the horizontal support zone and trend line, which provided the basis for this bounce.
Graph analysis
The chart shows that after the rebound, THETA encountered resistance at the trend line. To confirm the bullish trend, the price must break this trend line and successfully test it again. If the retest is successful, this may indicate further upward movement.
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SAGA Rising After Double Bottom: Horizontal Resistance Determines Next Move
Current situation
SAGA price has risen sharply after forming a double bottom and breaking the descending trend line. The price is currently facing horizontal resistance, which may affect further movement.
Graph analysis
The chart shows that SAGA has broken the downward trend line with high trading volume, indicating strong bullish momentum. However, the price is now below the horizontal resistance level, creating uncertainty about the further move.
SAGA price has risen sharply after forming a double bottom and breaking the descending trend line. The price is currently facing horizontal resistance, which may affect further movement.
Graph analysis
The chart shows that SAGA has broken the downward trend line with high trading volume, indicating strong bullish momentum. However, the price is now below the horizontal resistance level, creating uncertainty about the further move.
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TRX Tests Key Horizontal Resistance
Market dynamics:
TRX is currently testing a significant horizontal resistance level, forming an ascending triangle. The next move in the market will likely depend on how the price interacts with this resistance.
Considering the prospects:
If TRX can break through this resistance level, it could signal a continuation of the current trend. However, if the resistance is strong and the price pulls back from it, the market could see a correction, leading to further consolidation or a possible downward move.
TRX is currently testing a significant horizontal resistance level, forming an ascending triangle. The next move in the market will likely depend on how the price interacts with this resistance.
Considering the prospects:
If TRX can break through this resistance level, it could signal a continuation of the current trend. However, if the resistance is strong and the price pulls back from it, the market could see a correction, leading to further consolidation or a possible downward move.
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Bitcoin Retests Horizontal Support After Breaking Downward Trendline
Market context:
Bitcoin recently broke through a downward trend line, causing a significant price increase. This breakout indicated a change in market sentiment, with buyers gaining control of the previous downward trend.
Technical observations:
The price is currently undergoing a correction and is approaching a potential retest of the recently established horizontal support. This level is key as it can serve as an important indicator for determining the further direction of Bitcoin price movement.
Bitcoin recently broke through a downward trend line, causing a significant price increase. This breakout indicated a change in market sentiment, with buyers gaining control of the previous downward trend.
Technical observations:
The price is currently undergoing a correction and is approaching a potential retest of the recently established horizontal support. This level is key as it can serve as an important indicator for determining the further direction of Bitcoin price movement.
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SUI Tests Key Resistance Zone After Descending Triangle Breakout
Market conditions:
On the daily time frame, SUI has formed a descending triangle. The price recently broke the trend line with a strong impulse candle and is currently testing the horizontal resistance level, which is in the range of $0.8 - $0.9.
Technical analysis:
A breakout of a descending triangle followed by a retest of the resistance level indicates an attempt by buyers to take control of the market. However, a retest of this resistance zone can also lead to a price pullback if sellers effectively defend this area.
On the daily time frame, SUI has formed a descending triangle. The price recently broke the trend line with a strong impulse candle and is currently testing the horizontal resistance level, which is in the range of $0.8 - $0.9.
Technical analysis:
A breakout of a descending triangle followed by a retest of the resistance level indicates an attempt by buyers to take control of the market. However, a retest of this resistance zone can also lead to a price pullback if sellers effectively defend this area.
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Bitcoin Market Review
Current situation:
Bitcoin's recent price action saw a successful breakout of a downward trendline, followed by a retest of the former resistance level. This breakout pushed the price towards the $61,000 mark.
Explanation of the graph:
The daily chart shows that Bitcoin has broken the trendline and tested the previous resistance level, which is now acting as support. This indicates a change in sentiment in the market, with buyers starting to dominate. The price is currently holding just above the inverted resistance level, which is critical to maintaining the bullish momentum.
Bitcoin's recent price action saw a successful breakout of a downward trendline, followed by a retest of the former resistance level. This breakout pushed the price towards the $61,000 mark.
Explanation of the graph:
The daily chart shows that Bitcoin has broken the trendline and tested the previous resistance level, which is now acting as support. This indicates a change in sentiment in the market, with buyers starting to dominate. The price is currently holding just above the inverted resistance level, which is critical to maintaining the bullish momentum.
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MATIC Forms Ascending Triangle: Important Resistance And Support Levels To Watch
Current situation
MATIC is currently trading around $0.4140 and is forming an ascending triangle on the 2-hour time frame. This pattern often indicates a possible breakout or decline depending on how the price action evolves.
Schedule information
An ascending triangle is characterized by a series of higher lows converging toward a horizontal resistance level. MATIC is now at a critical point where the price can either break above the resistance or fall below the ascending support line.
MATIC is currently trading around $0.4140 and is forming an ascending triangle on the 2-hour time frame. This pattern often indicates a possible breakout or decline depending on how the price action evolves.
Schedule information
An ascending triangle is characterized by a series of higher lows converging toward a horizontal resistance level. MATIC is now at a critical point where the price can either break above the resistance or fall below the ascending support line.
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Bitcoin Shows Strong Recovery
Current price dynamics
Bitcoin has recently shown a strong recovery after bouncing off horizontal support. The price has successfully broken the descending trend line, which indicates a change in market sentiment.
Graph analysis
The chart highlights the recent upward momentum supported by significant trading volumes. A break above the descending trendline is a positive signal indicating that the market may be poised for further gains. However, a retest of the trendline may occur before the upward movement continues.
Bitcoin has recently shown a strong recovery after bouncing off horizontal support. The price has successfully broken the descending trend line, which indicates a change in market sentiment.
Graph analysis
The chart highlights the recent upward momentum supported by significant trading volumes. A break above the descending trendline is a positive signal indicating that the market may be poised for further gains. However, a retest of the trendline may occur before the upward movement continues.
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💰𝗖𝗢𝗜𝗡 : $GMT /USDT 🔮𝗧𝗬𝗣𝗘 : Futures 🔍Direction: 📈LONG📈 📌𝗘𝗡𝗧𝗥𝗬 : $0.101 - $0.108 ⚖️𝗟𝗘𝗩𝗘𝗥𝗔𝗚𝗘 : 10x 🎯𝗧𝗔𝗥𝗚𝗘𝗧𝗦 (ROI)🎯 1️⃣ $0.1098 2️⃣ $0.1117
3️⃣ $0.1138
4️⃣ $0.1183
❗️𝗦𝗧𝗢𝗣𝗟𝗢𝗦𝗦 = 🔴$0.094🔴
⚠️ This post is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies is highly speculative and risky. Always do your own research ⚠️
🔍Crypto Scouts Team
#GMT #binance #Signal
3️⃣ $0.1138
4️⃣ $0.1183
❗️𝗦𝗧𝗢𝗣𝗟𝗢𝗦𝗦 = 🔴$0.094🔴
⚠️ This post is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies is highly speculative and risky. Always do your own research ⚠️
🔍Crypto Scouts Team
#GMT #binance #Signal
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Solana (SOL) Returns to Previous Trading Range After Breaking Key Support
Current market situation
Solana (SOL) has returned to a previously established trading range after hitting stops below a key support level. This indicates indecision among market participants, with the price fluctuating within a certain range.
Technical observations
Solana (SOL) has returned to a previously established trading range after hitting stops below a key support level. This indicates indecision among market participants, with the price fluctuating within a certain range.
Technical observations
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Bitcoin Holds Key Horizontal Support
Market Review
Bitcoin has recently reclaimed its horizontal support level, and this move is supported by significant trading volume. The price is currently just below the descending trend line, which is an important resistance area.
Technical Analysis Details
Bitcoin has recently reclaimed its horizontal support level, and this move is supported by significant trading volume. The price is currently just below the descending trend line, which is an important resistance area.
Technical Analysis Details
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NMR Consolidates at Key Support
Current market situation
NMR is currently showing signs of consolidation on the daily chart, sitting on significant horizontal support between $12.815 and $10.685. This area has previously served as an important level, preventing further declines.
Technical features of the schedule
NMR is currently showing signs of consolidation on the daily chart, sitting on significant horizontal support between $12.815 and $10.685. This area has previously served as an important level, preventing further declines.
Technical features of the schedule
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Bitcoin Breakout Turns Support Into Resistance
Market status
Bitcoin is currently at a critical juncture, having recently dropped below a major support level that has now turned into resistance. The change has created uncertainty, and traders are closely monitoring the price action for signs of recovery or further declines.
Bitcoin is currently at a critical juncture, having recently dropped below a major support level that has now turned into resistance. The change has created uncertainty, and traders are closely monitoring the price action for signs of recovery or further declines.
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📢US Stock Market Slumps, But Bitcoin Shows Resilience📊
The US stock market suffered a major drop today, wiping out over $1.9 trillion in market value, causing widespread concern among investors. Major tech companies like Microsoft, Google, Apple, and Nvidia suffered major losses, with stock prices falling between 4% and over 11%. This sharp decline reflects the growing fear and uncertainty in the market.
Amid this turbulence, Bitcoin is showing signs of resilience, remaining stable despite a massive sell-off in traditional markets. This is a notable development, as it may indicate that Bitcoin is beginning to break away from traditional markets, or at least showing relative strength in an environment of financial instability.
Team 🔍Crypto Scouts $BTC #BTC #Bitcoin #binance #news
The US stock market suffered a major drop today, wiping out over $1.9 trillion in market value, causing widespread concern among investors. Major tech companies like Microsoft, Google, Apple, and Nvidia suffered major losses, with stock prices falling between 4% and over 11%. This sharp decline reflects the growing fear and uncertainty in the market.
Amid this turbulence, Bitcoin is showing signs of resilience, remaining stable despite a massive sell-off in traditional markets. This is a notable development, as it may indicate that Bitcoin is beginning to break away from traditional markets, or at least showing relative strength in an environment of financial instability.
Team 🔍Crypto Scouts $BTC #BTC #Bitcoin #binance #news
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Extreme fear grips Bitcoin market after key horizontal support breach
Market Review
Bitcoin is currently experiencing increased volatility, with the price breaking out of a set range and triggering stops below a key horizontal support level. Market sentiment is dominated by extreme fear, as evidenced by the rapid clearing of downward liquidity.
Bitcoin is currently experiencing increased volatility, with the price breaking out of a set range and triggering stops below a key horizontal support level. Market sentiment is dominated by extreme fear, as evidenced by the rapid clearing of downward liquidity.
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📢ETF on Ethereum under pressure📊
On August 2, the Ethereum spot ETF market saw a significant net outflow of $54.27 million. Grayscale's ETF, ETHE, led the charge, with one-day outflows of $61.43 million. However, not all ETFs followed this trend; Fidelity's ETF, FETH, saw inflows of $6.02 million, and Franklin's ETF, EZET, also saw inflows of $1.14 million.
These divergent movements reflect different investor sentiment: some are reducing their positions in Ethereum, while others continue to increase them. The overall outflow indicates caution in the market, possibly due to broader market conditions affecting the price of Ethereum.
Team 🔍Crypto Scouts
$ETH #ETH #Ethereum #binance #news
On August 2, the Ethereum spot ETF market saw a significant net outflow of $54.27 million. Grayscale's ETF, ETHE, led the charge, with one-day outflows of $61.43 million. However, not all ETFs followed this trend; Fidelity's ETF, FETH, saw inflows of $6.02 million, and Franklin's ETF, EZET, also saw inflows of $1.14 million.
These divergent movements reflect different investor sentiment: some are reducing their positions in Ethereum, while others continue to increase them. The overall outflow indicates caution in the market, possibly due to broader market conditions affecting the price of Ethereum.
Team 🔍Crypto Scouts
$ETH #ETH #Ethereum #binance #news
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Bitcoin's Dominance Rising: Approaching Key Resistance and Altcoins Falling
Current market behavior
Bitcoin's dominance in the market is showing a steady uptrend with a clear pattern of higher lows, indicating that investors are moving their funds from altcoins to Bitcoin. This movement causes a significant drop in the value of altcoins.
Bitcoin's dominance in the market is showing a steady uptrend with a clear pattern of higher lows, indicating that investors are moving their funds from altcoins to Bitcoin. This movement causes a significant drop in the value of altcoins.
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📢The market is stuck in the neutral zone📊
Current RSI (Relative Strength Index) levels in the cryptocurrency market show a mixed picture, with most assets in the neutral zone. This indicates that the market is not in a severe overbought or oversold state at the moment.
RSI is a technical indicator that is used to evaluate the strength and speed of an asset's price movements. RSI helps traders and investors identify possible turning points in the market and make decisions to buy or sell an asset.
We are currently far from extreme overbought or oversold zones, indicating a period of consolidation as traders await clearer signals. Given this neutral position, a breakout from this consolidation phase is possible, which could lead to the formation of a new trend that will take several weeks to develop.
Team 🔍Crypto Scouts
#RSI #binance #news
Current RSI (Relative Strength Index) levels in the cryptocurrency market show a mixed picture, with most assets in the neutral zone. This indicates that the market is not in a severe overbought or oversold state at the moment.
RSI is a technical indicator that is used to evaluate the strength and speed of an asset's price movements. RSI helps traders and investors identify possible turning points in the market and make decisions to buy or sell an asset.
We are currently far from extreme overbought or oversold zones, indicating a period of consolidation as traders await clearer signals. Given this neutral position, a breakout from this consolidation phase is possible, which could lead to the formation of a new trend that will take several weeks to develop.
Team 🔍Crypto Scouts
#RSI #binance #news
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