šØFrom Rags to Riches: Trader Who Turned $100 into $1,000,000š²
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Bitcoin has broken the triangle pattern, leading to a significant decline in price. There hasn't been any negative news to trigger this movement; it appears to be pure market manipulation. The price reached the $80,000 level and is now testing the range of $83,200 to $83,800. If it is unable to reclaim this level, we could see further declines in the coming days.
Bitcoin is breaking the triangle pattern in a downward direction, which is not a good sign. The trading volume is low, and this could turn out to be a fakeout on higher time frames. Let's see how BTC reacts on Monday when the global markets open.
$ICX analysis: Key Level: $0.111-$0.116 The price is breaking below the support area, which means we are currently in a no-trade zone. It would be better to wait for a candle to close above the support level before considering new long entries. If the price is unable to reclaim this level, we may continue to see downward movement. #TrumpāsExecutiveOrder
Resistance Area: $1.38-$1.44 Price is currently trading near a major support area, and we might observe some sideways movement here. You can consider opening a long position at the support area with a stop loss.
$CKB analysis: Key Level: $0.00737-$0.00783 Price has dropped below a major support area and is now trading in a triangle pattern. A break above the key zone could lead to a significant rally. It is better to wait for a clear breakout before opening new long positions.
Resistance Area: $7.35-$7.60 Price is testing support on the 4-hour chart and you can open a long position here with a stop loss. We may see a bounce from here towards the resistance area.
Resistance Area: $0.244-$0.254 $HOOK is once again testing the support area, and you can place your orders within the buy zone. We may observe some accumulation at the support area before the next move.
Local Resistance Area: $0.244-$0.254 Price rebounded from the support area, and you can open a long position if the price drops again to the zone. We might see a test of the local resistance area in the coming days, so let's observe how the market moves there. #TraderProfile
$ETHFI analysis: Major Resistance Area: $1.16 - $1.23 The price has broken through the major support area and is now trading below it. This is currently a no-trade zone, and it is advisable to wait for the price to close above the $1.00 level before considering any trades. We are looking for new entry points only after receiving confirmations. #TraderProfile
Resistance Area: $0.13-$0.139 Price is currently trading near a major support area. You can open a long position at the support level with a stop loss. We may see a bounce from here towards the resistance area.
Bitcoin has fallen below a significant support level and is currently trading under that threshold. There are no major support areas visible on the daily and weekly charts until the price reaches the $72,000 to $74,000 range. For a bullish movement to occur, the price needs to reclaim the $89,000 to $90,000 range. Additionally, a double-top pattern has formed on the daily chart.
$CHZ has tested the support area and bounced back from there. The price increased by more than 12% from the bottom. You can maintain the long position with a stop loss. We may now see a move toward the resistance area. #BinanceAlphaAlert
Major Support Area: $2100-$2200 $ETH Ethereum has declined significantly from the resistance area. The price is now approaching the major support level. It is advisable to accumulate some ETH at this major support level for the mid-term.
Resistance Area: $0.525-$0.546 Price is currently approaching a significant support area. You may place buy orders within this support zone for new positions. We could observe some accumulation before the next movement.
$SUI broke out of the falling wedge pattern in an upward direction and is currently retesting the trendline. The price has also faced rejection from the major resistance area on its first attempt. We may see another test of this major resistance area, and a breakout above it would be considered bullish. Consider opening a new long position once the price is able to hold above the $3.65 level. #VIRTUALWhale
Resistance Area: $0.655-$0.68 The current price is finding support at the uptrend line. You can consider opening a small long position at this support level with a stop loss in place. We may see a bounce toward the resistance area.