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$ENA #ENA Triple Bottom Alert! We're observing a breakout on the chart, but it's crucial to confirm it with the RSI indicator. Currently, there's a rising channel forming on the 15-minute chart, potentially leading to a triple bottom or targeting $1.16. However, considering the macro factors at play, we might witness a breakout, although false breakouts are possible. If we manage to break out at $1.16, we could see a significant upward movement, but let's keep the community positive and constructive. Feel free to share your thoughts and correct any technical analysis errors—after all, none of us are experts on macro factors. Personally, I follow a strategy of buying on support and watching for double or triple bottoms. Let's navigate this together! #ENAUSDT

$ENA #ENA Triple Bottom Alert!

We're observing a breakout on the chart, but it's crucial to confirm it with the RSI indicator. Currently, there's a rising channel forming on the 15-minute chart, potentially leading to a triple bottom or targeting $1.16. However, considering the macro factors at play, we might witness a breakout, although false breakouts are possible.

If we manage to break out at $1.16, we could see a significant upward movement, but let's keep the community positive and constructive. Feel free to share your thoughts and correct any technical analysis errors—after all, none of us are experts on macro factors. Personally, I follow a strategy of buying on support and watching for double or triple bottoms. Let's navigate this together!

#ENAUSDT

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#BTCUSD.... #write2earn🌐💹 According to crypto analyst Jason Pizzino, this divergence between Bitcoin and altcoins is expected in the current market cycle. In his latest YouTube video, Pizzino explains why Bitcoin’s price increase does not necessarily signal a broad recovery for the crypto market yet. The analyst notes that while Bitcoin successfully tested a key resistance level around $19,400, it needs to consolidate above that level before confirming an uptrend. When it comes to altcoins, Pizzino points out most major cryptos are hitting new lows against Bitcoin. You might also like: Charles Hoskinson: Bitcoin has a governance problem Ethereum in particular has broken below key long-term support levels on its Bitcoin pairing, indicating weakness. Pizzino believes the ETH and BTC pairing could bottom out between 4-5% in early 2024, in line with historical market cycles. Other major altcoins like XRP, Solana (SOL), Polygon (MATIC) and Chainlink (LINK) have also broken down from local highs, underperforming Bitcoin. According to Pizzino, this weakness in altcoins signifies that only the strongest will participate meaningfully in the next bull market. Investors should be selective and wait for clear technical signals before buying altcoin dips. Pizzino also considered broader macro factors like the S&P 500, the US Dollar index, and volatility indices. He noted that despite recessionary fears, these market indicators have stabilized and started consolidating in a range. This supports the case for a gradual recovery in risk assets like crypto, though likely only in 2024-2025. #TrendBTC
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