A new blog dedicated to everything related to digital currencies

Blog link

https://cryptoallworld.blogspot.com/?m=1

The red envelope code is

BP4Z2UZWWP

Good luck

#BTC $BTC
Bitcoin price forecast update today 08-23-2024

Bitcoin (BTCUSD) price shows new positive trades to try to move away from the $60326.70 level, reinforcing expectations of the continuation of the upward trend during the upcoming sessions, reminding that we are waiting to visit the $62600.00 levels and then $65483.00 as subsequent positive stations, while the expected rise will remain unless the $60326.70 level is broken and stabilized with a daily close below it.

The expected trading range for today is between the support $59000.00 and the resistance $63000.00

Price forecast for today: Bullish

#ETH $ETH
Ethereum Price Forecast Update Today 08-23-2024

Ethereum (ETHUSD) price resumes its positive trading to reinforce expectations of continuing the upward trend in the immediate term, awaiting an initial test of the $2775.00 level, followed by heading towards $2905.30 after exceeding the previous level.

Moving above the 50 moving average supports the continuation of the proposed upward wave, which will remain in place unless the $2545.00 level is broken and stabilized below it.

The expected trading range for today is between the support $2500.00 and the resistance $2760.00

#bitcoin $BTC
Cryptocurrencies rally after Powell remarks

Bitcoin and other major cryptocurrencies rose on Friday, recovering earlier losses after Federal Reserve Chairman Jerome Powell paved the way for interest rate cuts to begin in September.

Speaking at the annual high-level gathering of global central bankers in Jackson Hole, Wyoming, Powell said he felt more confident about controlling inflation after it peaked at a four-decade high in 2022.

Although markets had expected Powell to hint at a rate cut at the Fed’s September meeting, his comments may have been more dovish than anticipated
Immediately after his speech, bitcoin jumped more than 1.5%, reaching $61,900 after briefly rising above $62,000. Meanwhile, Ethereum rose 2.9% to $2,685, Solana gained 2.4% to $147, and Polkadot gained 2.7% on the day. Traditional markets also saw strong gains with the Nasdaq up 1.7%, the S&P 500 up 1.2%, and gold up 1%. Furthermore, the yield on the 10-year Treasury note fell five basis points to 3.80%, and the dollar index fell by 0.6%.

#pepe $PEPE

Is there an impending bullish breakout for PEPE coin?

The interest rate cuts in the US will undoubtedly mean an imminent improvement in the liquidity factor, as fresh liquidity usually finds a home in riskier assets, which could spur the meme coin season to restart. As one of the most prominent pioneers in this category, PEPE coin could certainly benefit from this bullish trend.

Pipe coin price could soon retest the upper limit of its bearish range around $0.000011, and a successful breakout could lead to a retest of the July highs at $0.000013, which would represent a 61% increase from current levels.

#Doge $DOGE
Technical indicators are showing signs of rising, so what is holding back Dogecoin’s price?

These developments look very positive, as DOGE is struggling to break through its major resistance barrier; after failing to break through the stubborn resistance barrier at $0.10800, it seems that it will not continue its upward march today, but given that it has gained strong support at the $0.10400 level, its next wave of increases seems imminent, especially since the Relative Strength Index (RSI, in purple) reading has declined from the overbought zone at 75 - when it recorded its highest levels during the day - to become more average at 60, heralding the possibility of a renewed rise, which is logical during the correction process, especially since its reading has not declined to the oversold zone, indicating that the buying momentum remains strong despite all the declines.

DOGE/USD price chart on an hourly time frame Source: Binance. Similarly, the Chaikin Money Flow (CMF) indicator, which indicates incoming investments into Dogecoin (in green), is currently in a positive zone at 0.15, indicating continued buying pressure and paving the way for potential upside.

#doge $DOGE
Dogecoin price action hits a solid barrier, will it be able to surpass the $0.15 mark?

It seems that the price action of Dogecoin (DOGE) has found a ceiling that it cannot currently exceed, even with its value rising earlier today, but its launch is still possible in any case.

Despite the Dogecoin (DOGE) price rising by 1.73% in the last 24 hours and its contribution to the rise witnessed by the meme coin market cap, which reached 2.60%, the price is still stuck in a narrow trading range, and its solidity may pave the way for a new wave of increases due to the positivity that its technical indicators have begun to indicate.

Since last Thursday, Dogecoin’s price has managed to find a solid footing, rising by 2.96%, confirming that its movements are gaining upward momentum as traders continue to focus on the meme coin leader, with its trading volume still above $500 million over the past 24 hours.

#shib $SHIB
Shiba Inu 4-Hour Analysis. Source: TradingView
Combined with the MACD positive reading, this trend implies that Shiba Inu’s momentum is bullish. Thus, if the momentum improves, the token’s value might jump.

By the look of things, SHIB could increase toward $0.000016. However, if it fails to break above the overhead resistance at $0.000014, the price could drop to $0.000012, where the 38.2% bear market floor positions.

#shib $SHIB
Shib Coin Analysis

Short-Term Price Predictions and Technical Patterns
The expert has set a short-term price target of $0.00001400 for SHIB. With the current trends in his favor, Prime’s forecast is based on the assumption that if the Fed decides to cut interest rates at the upcoming Jackson Hole meeting, it could provide the momentum needed for Shiba Inu to consolidate its gains and potentially confirm a bullish Elliott wave pattern.

Analysts Weigh Bullish Outlook
In addition to the positive sentiment surrounding SHIB, crypto analyst Javon Marks has pointed to a large falling wedge pattern that has been identified on the 1-day chart. Marks suggests that SHIB is approaching a critical breakout point, supported by a recently confirmed bullish divergence pattern, providing further evidence that a bullish breakout is imminent. He asserts that such a breakout could ignite a wave of bullish enthusiasm across the market.

Could we see a big growth? Marks has set an ambitious price target of $0.000081 for SHIB, which indicates a potential growth of ~498% from its current levels. This bullish forecast is in line with pattern recognition and overall market sentiment, suggesting that big price moves could soon unfold for Shiba Inu as trading activity intensifies.

#MOVRUSDT $MOVR
Buy Recommendations

MOVR USDT

Sell (Short)

Entry:

11✅
11.200

Targets:

10.950✅
10.900✅
10.850✅
10.800✅
10.750✅
10.700✅
10.650✅
10.600✅
10.550✅
10.500✅
10.400✅
10.300✅

Stop Loss:

4-hour candle close above

11.400

#LQTY $LQTY
Buy Recommendations

LQTY USDT

Buy + Spot

Entry:

0.6730
0.6650✅

Targets:

0.6800✅
0.6930✅
0.7050
0.7200
0.7500
0.7800
0.8000

Stop Loss:

1-day candle close below

0.6600

#bitcoin $BTC
Bitcoin
Since the breach of 59900, Bitcoin has created an upward trend, which we can call an internal upward trend within the wave from 54k to 63k
As for the important levels, they are still the same and have not changed
These levels change when the 63k is breached
Things are still good 👍

#bitcoin $BTC
Bitcoin Holders Not Selling - Fear Is Dissipating

Bitcoin Breaks Out Of Triangle
In the short term time frame, the $BTC price has broken out of a triangle, and looks to have successfully retested the breakout. It now remains to be seen whether the price can go higher and punch through the main resistance at $63,000.

#BinanceBlockchainWeek $BTC

Kamala Harris’s campaign confirms her support for the crypto sector, will her policies be different from Biden’s?

Kamala Harris’s campaign confirms her support for the crypto sector, will her policies be different from Biden’s?

Current US Vice President Kamala Harris has announced her intention to support initiatives that seek to expand the activities of the crypto sector, which represents one of the first clear signs of her support for the growth of the sector, according to statements by one of her senior campaign advisors, Brian Nelson. Nelson acknowledged last Monday during a Bloomberg News dialogue session about the Democratic National Convention that: “Harris will support policies that ensure that emerging technologies and related sectors can continue their expected growth.”

Harris and her team had not formally announced policies that would help the crypto sector flourish before this latest announcement, but the vice president’s hints and actions suggest she may be taking a more pro-crypto approach than the current administration. Her advisers have met with major players in the crypto sector, and are said to have reached out to companies such as Coinbase (NASDAQ:COIN), Circle, and Ripple Labs, and these meetings are likely to have an impact on future regulatory policies.

#BTC $BTC
Bitcoin backs off two-week high on profit-taking

Bitcoin lost ground on Thursday and moved away from two-week highs on profit-taking, as US 10-year treasury yields rebounded, in turn hurting risk appetite.

Markets now await Fed Chair Jerome Powell’s remarks in Jackson Hall, which could include clues about the future of US interest rates.

The Price

Bitcoin fell 2.3% at Bitstamp today to $59,774, with a session-high at $61416.

On Wednesday, bitcoin rallied 3.65%, the second profit in three sessions, marking two-week highs at $61838.

Crypto Market Value

Crypto market value fell by over $30 billion on Thursday to a total of $2.218 trillion, as both bitcoin and ethereum lost ground.

#DOGE $DOGE
Dogecoin price touches SMA resistance - Forecast today - 22-08-2024

Dogecoin price (DOGEUSDT) rose in the intraday levels, while trading alongside the downward trend line in the medium term, while the RSI reached overbought levels compared to the price’s movements, hinting at negative divergence, with the price recently touching the resistance of the 50-day SMA.

Therefore we expect the price to decline and target the pivotal support of 0.07484, provided the resistance of 0.12010 holds on.

#ETH $ETH
Automatic technical analysis. Medium term, Aug 22, 2024
Ethereum has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The currency gave a negative signal from the double top formation by the break down through the support at 2887. Further fall to 2116 or lower is signaled. The currency has support at points 2200 and resistance at points 2900. Volume has previously been low at price tops and high at price bottoms. This weakens the currency.

#ETH $ETH
Today's Forecast
Ethereum (ETHUSD) price is fluctuating around the $2623.77 level and is trying to consolidate above it, so that the bullish trend scenario remains valid and effective for today, targeting the $2775.00 levels and then $2905.30 as the next main stations, noting that the continuation of the bullish wave requires stability above the $2545.00 level.

The expected trading range for today is between the support $2490.00 and the resistance $2730.00

Today's price forecast: High

#BTC $BTC
Today's Analysis and Tomorrow's Forecast
In case of an upward trend

Trade a buy trade for the BTC/USD currency pair and set a take profit order at 65000.
Set a stop loss order at 57000.
Timeline: 1-2 days.
In case of a downward trend

Trade a sell trade for the BTC/USD currency pair and set a take profit order at 57000.
Set a take profit order at 64000.