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The price is currently consolidating near the 0.618 Fibonacci level, suggesting a potential support area. Key area of interest identified for potential buy positions. Chart 2: Bearish Trends & Volume Analysis Current Price Action:
Price is testing lower bounds of the descending channel. The volume is showing average activity in the last 24 hours with lower activity in the last 4 hours, indicating consolidation. Volume and Session Analysis:
24-hour volume: Average 4-hour volume: Low Next session (London) might bring more volatility as indicated by higher previous session volumes. 💡 Strategy Insights:
Potential Entry Point: Monitor the price action around the 0.618 Fibonacci level ($130.84) for potential long positions, considering it as a support zone. Risk Management: Place stop-loss orders below the 0.786 Fibonacci level ($127.70) to manage downside risk. Volume Consideration: Watch the volume closely as the next London session approaches, which may provide opportunities for increased volatility and potential breakout movements. Stay updated with the latest market movements and adjust your strategies accordingly. Happy trading! 🚀
Disclaimer: This analysis is for educational purposes and does not constitute financial advice. Always conduct your own research before making any trading decisions. Follow me for the next signal
Floki Inu Launches New Trading Bot Amidst 18% Price Surge. Floki Inu has announced a closed beta mainnet launch of its proprietary trading bot, which will be available on Ethereum, Coinbase’s Base, and Binance’s BNB mainnets. CRYPTOWZRD have expressed bullish forecasts for Floki Inu (FLOKI), predicting significant price rallies. Marks sees potential for FLOKI to reach $0.00054673. Floki Inu, a prominent meme cryptocurrency, has unveiled plans for a closed beta mainnet launch of its proprietary trading bot.
This bot is set to operate on Ethereum, Coinbase’s Base, and Binance’s BNB mainnets. Initially, the beta phase will accommodate only 150 users for a duration of two weeks, following which Floki Inu intends to introduce the public version of the bot.#FLOKI🔥 #btcmei $FLOKI $BNB $BTC
Robert F. Kennedy Jr. ‘Delighted’ Trump Is Now Pro Bitcoin
“I’m not a fan of Trump’s,” Kennedy noted after the Trump trial verdict was announced, but said blockchain can defend Americans against “dystopian” AI. Taking the stage moments after a New York jury delivered across-the-board guilty verdicts for former president Donald Trump, independent candidate for U.S. president, Robert F. Kennedy Jr. said they are both on the same page—at least as far as cryptocurrency is concerned.Asked about Trump's recent about-face on cryptocurrency, Kennedy said, “I'm
✨ Bullish Scenario: If BTC manages to break through the $72,083 resistance, we could see the price spike to $74,000 or higher! 🚀 💥 Bearish Scenario: However, if BTC falls below the $64,000 support, we may see a further decline to $62,000 or lower. 🛑
Don't forget to always follow my latest analysis and updates. Follow this account for trading tips, market analysis, and other crypto news! 📊💹 #Bitcoin#BTCUSDC#CryptoAnalysis#Binance#Trading#Investment #Crypto $BTC $ETH $BNB
Weekly & Daily Trends 📉 Weekly Downtrend: BTC is still in a downward trend on the weekly timeframe. Be careful with selling pressure which is still strong in this time frame. 📈 Daily Uptrend: However, in the daily timeframe, BTC shows a strong uptrend. There is potential for short-term recovery!
Important Levels 🔍 Support: At around $64,000, this level is an area where buyers tend to enter. If the price drops here, this could be an interesting buying opportunity! 🔍 Resistance: At around $72,083, this level is a crucial zone that BTC needs to break to continue its rise. Watch the price reaction here!
Price Patterns 🔺 Symmetrical Triangle: BTC is consolidating in a triangle pattern. The breakout of this pattern will determine the next direction! 📉 A-B-C-D Pattern: This correction pattern indicates a potential trend reversal at point D. Prepare yourself for a possible big move!
Price Movement Scenarios 📈 Bullish Scenario: If BTC manages to break through the $72,083 resistance on strong volume, we could see the price head towards $74,000 or higher! 🚀 📉 Bearish Scenario: If BTC fails to break resistance and falls below $64,000 support, we may see a further decline to $62,000 or lower. 🛑
Recommendation
Short Term Traders: Prepare for a breakout of the triangle pattern. Entry after confirmation of breakout with volume! Long Term Investors: Watch the $64,000 support level as a potential buying area. Protect capital with a stop loss below critical support. Always update information and monitor market developments! 📊💹 #bitcoin☀️ #Binance #Solana $BTC $ETH $SOL
$BTC $SNX Synthetix Announces Strategic Partnership and Major Update to Its Protocol
May 25, 2024 - Synthetix, one of the leading decentralized finance (DeFi) protocols, today announced a series of strategic partnerships and significant updates that are expected to enhance the ecosystem and value of the SNX token.
In the announcement, Synthetix revealed that it has established partnerships with several large DeFi projects, including Aave, Uniswap, and Chainlink. This partnership aims to increase interoperability and liquidity across the DeFi ecosystem, enabling users to easily leverage synthetic assets across multiple platforms.
Additionally, Synthetix also launched the latest version of its protocol, which includes security and performance improvements. This update enables faster transactions and lower fees, which will hopefully improve the user experience and attract more adoption.
The Synthetix team also announced the launch of a new staking program with more attractive rewards for SNX holders. This program is designed to increase participation in the Synthetix ecosystem and strengthen the network with more staked tokens.
"We are very excited about the future of Synthetix and believe that this partnership and update will bring significant value to our community," said Kain Warwick, founder of Synthetix. "We continue to innovate to ensure that Synthetix remains a leader in the DeFi space."
This announcement was greeted positively by the market, with the price of SNX immediately experiencing a significant increase. Market analysts predict that this new initiative could push SNX to higher price levels in the coming months, as adoption and trust in the Synthetix protocol increases. #BTC☀️ #Binance
#BTC #SOL Based on the latest chart of SOL/USDT at 15 minute intervals, here is the technical analysis:
### Observations:
1. **Resistance and Support:** - **Resistance:** There appears to be resistance around 188.89 based on recent highs. - **Support:** There appears to be support around 156.46 based on recent lows.
2. **Trend Lines:** - A downward trend line can be seen from the highest peak to the latest price point, indicating strong selling pressure.
3. **RSI (Relative Strength Index):** - RSI is in the middle region (40-60), indicating that the market is neither overbought nor oversold. This indicates there is no strong momentum in a particular direction at the moment.
4. **Stochastic Oscillator:** - The stochastic oscillator shows rapid fluctuations, but is not currently in extreme overbought or oversold territory. This indicates uncertain market conditions.
5. **MACD (Moving Average Convergence Divergence):** - MACD is below the zero line, indicating bearish pressure. However, the signal line and histogram indicate that the bearish momentum is starting to weaken.
6. **Volume:** - Trading volume looks stable but does not show major spikes that could indicate a major change in trend.
### Analysis:
1. **Bullish Scenario:** - If price can break and stay above 170 with strong volume, this could be an early indication that price will try to test the next resistance around 180 and then 188.89. - Additional confirmation is required with increasing volume and RSI rising above 60.
2. **Bearish Scenario:** - If the price fails to break 170 and falls below 160 on high volume, this could indicate that the price will retest the support around 156.46. - Additional confirmation is needed with the RSI dropping below 40 and the MACD again showing strong bearish momentum.
**Death of Iranian President Due to Helicopter Crash, the Mastermind Suspected of Western Intervention**
Tehran, 22 May 2024 – The President of Iran, Mohammad Javad, was reported killed in a tragic helicopter crash that occurred this morning. The helicopter carrying the president and several other high-ranking officials crashed in the Alborz mountains, killing all on board.
According to initial reports, the helicopter experienced technical problems before it crashed. However, sources who did not wish to be named stated that there was a possibility of Western interference in this incident. They claim that this accident was not purely an accident, but rather the result of a sabotage operation designed to weaken Iran's leadership.
This speculation comes after several months of increasing tensions between Iran and Western countries. Iran has accused the United States and its allies of trying to destabilize the country through various means, including economic sanctions and intelligence operations. The helicopter crash that killed the president is believed by some to be the culmination of these efforts.
The Iranian government has announced a thorough investigation to uncover the true cause of this accident. They promised to take firm action against the parties responsible if foreign interference was proven.
Meanwhile, the Iranian people greeted this sad news with deep sadness. Thousands of people took to the streets to pay their last respects to their president. A state funeral ceremony will be held soon, with political leaders and public figures in attendance.
The international world also reacted to this tragedy. Several countries expressed their condolences, while others waited for the results of an official investigation before providing further comment. Geopolitical tensions are expected to increase as speculation grows and allegations of foreign interference in the death of Iran's president.
#BTC #SOL Tensions in the Middle East are increasing after Iran launched hundreds of explosive drones and missiles at Israel. This is Iran's response to Israel's attack on their embassy complex in Syria two weeks ago. The world spotlight is now focused on Israel's response to the missile attack.
As previously reported, Iran responded to Israel's attack on their consulate building in Damascus, Syria, on April 1, which killed seven officials of the Islamic Revolutionary Guard Corps.
Iran's attack on Israel yesterday was their first direct attack on Israel. Iran launched more than 300 drones and missiles at Israel. These two countries have been involved in a shadow war for years.
The Israeli military claims to have shot down 99% of the missiles and drones fired by Iran. However, how will Israel “answer” an Iranian attack?
#BTC #SOL Tensions in the Middle East are increasing after Iran launched hundreds of explosive drones and missiles at Israel. This is Iran's response to Israel's attack on their embassy complex in Syria two weeks ago. The world spotlight is now focused on Israel's response to the missile attack.
As previously reported, Iran responded to Israel's attack on their consulate building in Damascus, Syria, on April 1, which killed seven officials of the Islamic Revolutionary Guard Corps.
Iran's attack on Israel yesterday was their first direct attack on Israel. Iran launched more than 300 drones and missiles at Israel. These two countries have been involved in a shadow war for years.
The Israeli military claims to have shot down 99% of the missiles and drones fired by Iran. However, how will Israel “answer” an Iranian attack?